Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Troy & Beyond
Troy shares many of the great qualities that make Texas a desirable place to live.
Texas is a state known for its rich history, diverse culture, and abundant natural beauty. Learn the history and tradition of this place by visiting iconic sites like the Alamo, San Jacinto Monument, and the Texas State Capitol. Texas is also home to top-notch universities like the University of Texas at Austin, Texas A&M University, and Rice University. In addition, a blend of the energy, technology, and agriculture industries sustains a robust economy in Texas.
Texas offers a range of adventures, from scenic drives in the Hill Country to the beautiful beaches of South Padre Island. Sports fans can enjoy the Dallas Cowboys (NFL), Houston Texans (NFL), Dallas Stars (NHL), Houston Astros (MLB), Texas Rangers (MLB), Houston Rockets (NBA), San Antonio Spurs (NBA), and Dallas Mavericks (NBA) at venues like AT&T Stadium or Minute Maid Park, or cheer on the state's many fantastic college sports teams. In addition, make sure to take advantage of famous attractions like the Space Center Houston, the San Antonio Riverwalk, or the Fort Worth Stockyards.
With its thriving economy, affordable living, and welcoming communities, embrace the Lone Star State and see why Texas is such a great place to live.
Rental Market Trends
Troy, TX
As of June 2026, Troy's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Troy's average rent is 18.7% ($264) lower than the Texas average of $1,408 and 36.3% ($653) lower than the U.S. average of $1,797.
Average Rent
$1,144
Monthly ChangeMonth Over Month Change
2.6% ($31)
Yearly ChangeYear Over Year Change
14.8% ($199)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $809 | 3% ($25) | 4.1% ($35) |
| 2 Beds | $995 | 3% ($31) | 5.7% ($60) |
| 3 Beds | $1,444 | 1% ($15) | 0.2% ($3) |
| Nearby Cities | Average Rent | Avg. Rent vs. TroyAverage Rent vs. Troy | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Temple | $1,247 | 9% ($103) | 40 days |
| Lorena | $1,705 | 49% ($561) | 42 days |
| Little River Academy | $870 | 24% ($274) | 34 days |
| Belton | $1,273 | 11.3% ($129) | 35 days |
| McGregor | $972 | 15% ($172) | 41 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, TX.
The average rent in Troy, TX is $1,144 per month.
Homes in Troy typically rent for between $600 and $1,877 per month, with an average of $1,144 per month.
In Troy, the average rent for a 1-bedroom home is $809 per month, for a 2-bedroom home, $995 per month, and a 3-bedroom home is $1,444 per month.
The average rent in Troy is 36.3% ($653) lower than the national average of $1,797 per month.
The average rent in Troy has decreased by 2.6% ($31) in the last month and decreased by 14.8% ($199) over the past year.
The rental market in Troy, TX, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Troy, TX, the average rental stays on the market for approximately 39 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 14 rental properties available in Troy, TX.
Based on the current averages, a household would need an annual income of $39,800 to comfortably afford a 2-bedroom home in Troy.
