Troy shares many of the great qualities that make Michigan a desirable place to live.
Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.
The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.
Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.
As of October 2026, Troy's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Troy's average rent is 11.5% ($160) lower than the Michigan average of $1,395 and 32.1% ($584) lower than the U.S. average of $1,819.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,206 | 0.1% ($1) | 0.8% ($10) |
| 2 Beds | $1,527 | 0.5% ($8) | 2.9% ($45) |
| 3 Beds | $2,159 | 0.3% ($7) | 7.5% ($151) |
| Nearby Cities | Average Rent | Avg. Rent vs. TroyAverage Rent vs. Troy | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Clawson | $1,835 | 48.6% ($600) | 34 days |
| Birmingham | $2,394 | 93.8% ($1159) | 34 days |
| Sterling Heights | $2,550 | 106.5% ($1315) | 36 days |
| Royal Oak | $1,526 | 23.6% ($291) | 36 days |
| Madison Heights | $1,275 | 3.2% ($40) | 37 days |
Explore rental prices, market conditions, and affordability in Troy, MI.
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