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What to Know About
Life in Troy & Beyond
Troy shares many of the great qualities that make New York a desirable place to live.
New York state is known for its iconic skyscrapers, cultural diversity, and history. Visit notable museums, such as the Metropolitan Museum of Art, the American Museum of Natural History, and the Museum of Modern Art, to learn about the state's cultural heritage. New York is also home to prestigious universities like Columbia University, Cornell University, and New York University. The theater and art scene also thrive in New York, with world-renowned museums and performance centers in NYC like the Metropolitan Museum of Art, Lincoln Center, and Carnegie Hall.
From the breathtaking peaks of the Adirondack and Catskill Mountains to the scenic beauty of the Finger Lakes, outdoor enthusiasts will find plenty to explore. In terms of sports, New York is home to many professional teams like the New York Giants (NFL), Buffalo Bills (NFL), New York Rangers (NHL), New York Yankees (MLB), New York Mets (MLB), the New York Knicks (NBA), and Brooklyn Nets (NBA). In addition, embrace famous attractions like the Empire State Building, Statue of Liberty, Central Park, and Niagara Falls.
New York offers a high quality of life, a strong economy, and a rich cultural heritage, making it a great place to live.
Rental Market Trends
Troy, NY
As of June 2025, Troy's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Troy's average rent is 26.9% ($615) lower than the New York average of $2,287 and 6.3% ($112) lower than the U.S. average of $1,784.
Average Rent
$1,672
Monthly ChangeMonth Over Month Change
0.4% ($7)
Yearly ChangeYear Over Year Change
20.1% ($280)
Avg. Days on MarketAverage Days on Market
37
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,539 | 0.3% ($4) | 31% ($364) |
| 2 Beds | $1,757 | 0.1% ($2) | 30.5% ($411) |
| 3 Beds | $2,186 | 7.3% ($148) | 28.4% ($484) |
| Nearby Cities | Average Rent | Avg. Rent vs. TroyAverage Rent vs. Troy | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Watervliet | $1,508 | 9.8% ($164) | 36 days |
| Cohoes | $1,822 | 9% ($150) | 31 days |
| Latham | $1,653 | 1.1% ($19) | 31 days |
| Albany | $1,642 | 1.8% ($30) | 31 days |
| Rensselaer | $1,982 | 18.5% ($310) | 44 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Troy Rental Market FAQs
Explore rental prices, market trends, and availability in Troy, NY.
The average rent in Troy, NY is $1,672 per month.
Homes in Troy typically rent for between $1,077 and $2,842 per month, with an average of $1,672 per month.
In Troy, the average rent for a 1-bedroom home is $1,539 per month, for a 2-bedroom home, $1,757 per month, and a 3-bedroom home is $2,186 per month.
The average rent in Troy is 6.3% ($112) lower than the national average of $1,784 per month.
The average rent in Troy has decreased by 0.4% ($7) in the last month and increased by 20.1% ($280) over the past year.
The rental market in Troy, NY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Troy, NY, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 43 rental properties available in Troy, NY.
Based on the current averages, a household would need an annual income of $70,280 to comfortably afford a 2-bedroom home in Troy.
