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-Home to the renowned Somerset Collection mall with its iconic skywalk connecting over 180 stores, Troy stands as Oakland County's largest community and a premier business hub just 22 miles north of downtown Detroit. The city maintains the second-highest property value in Michigan, offering residents both the Somerset Collection's luxury shopping experience and the more traditional Oakland Mall.
Rental options in Troy span across well-maintained communities throughout the city. With average monthly rents ranging from $1,454 for one-bedroom units to $2,285 for three-bedroom homes, Troy provides diverse housing choices in both apartment communities and residential neighborhoods. The city's median household income of $114,281 reflects the strong local economy, anchored by automotive and financial sector employers.
Troy's strategic location along Interstate 75 provides seamless access to Detroit and surrounding communities. The Troy School District serves the community with highly rated schools, including Athens and Troy High Schools. The city features numerous recreational spaces, including the 100-acre Troy Historic Village, Stage Nature Center, and the Troy Family Aquatic Center. For those seeking a rental home, Troy combines suburban green spaces with metropolitan accessibility, supported by the SMART bus system connecting residents throughout Oakland County.
Frequently Asked Questions
Average Rent Rates
What's the average rent for an apartment in Troy, MI?
Apartment averages in Troy, MI varies based on size.
- $1,406 for a 1-bedroom apartment in Troy, MI
- $1,681 for a 2-bedroom apartment in Troy, MI
- $2,293 for a 3-bedroom apartment in Troy, MI
- $4,357 for a 4-bedroom apartment in Troy, MI
Rental Requirements
Can I find a cheap apartment in Troy, MI?
There are 59 cheap apartments in Troy, MI priced as low as $1,406
Can I find a short-term apartment in Troy, MI?
There are 538 short-term apartments in Troy, MI.
Transportation
How do people usually get around Troy, MI?
Residents in Troy, MI usually get around by car. According to Walk Score, Troy, MI falls within the Car Dependent range.
Education
What colleges and universities are in Troy, MI?
If you’re a college or university student moving to Troy, MI, ForRent.com can help you find a rental near Walsh College of Business-Troy Campus, Oakland C.C. Auburn Hills-Auburn Hills Campus, Oakland C.C. Royal Oak Campus-Royal Oak Campus and others.
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Troy Neighborhoods with Apartments
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Apartments near Colleges in Troy
- Apartments near Walsh College of Accountancy and Business Administration-Troy Campus
- Apartments near Oakland Community College-Auburn Hills Campus
- Apartments near Oakland Community College-Royal Oak Campus
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