Rentometer, Inc. | Data as of 10/22/2025
Troy, New York, blends historic charm with vibrant community life, offering residents easy access to the Hudson River waterfront, the bustling downtown district, and renowned institutions such as Rensselaer Polytechnic Institute and the Troy University campus. The city’s walkable streets feature a mix of preserved 19th‑century architecture, boutique shops, and cultural venues like the Troy Savings Bank Music Hall, making it an appealing destination for professionals, students, and families alike.
The rental market in Troy reflects this diversity, with a range of apartments and single‑family homes catering to varied lifestyles. Studio apartments typically rent in the $1400s, while one‑bedroom units are often found in the $1400 range. Larger apartment layouts, such as two‑ and three‑bedroom units, generally fall within the $1600‑$1700 range, and premium four‑plus‑bedroom apartments can command near the $1800 mark. Houses provide an attractive alternative: one‑bedroom homes sit around the $1200‑$1300 range, two‑bedroom homes are priced near $1500, and three‑plus‑bedroom homes trend toward the $1800‑$2100 bracket.
Neighborhoods such as Downtown Troy, Lansingburgh, and the historic South Troy area each offer distinct rental experiences, from modern loft conversions to classic suburban homes with yard space. Proximity to transit hubs, the Hudson River Greenway, and a growing selection of dining and entertainment options ensures that renters can find a setting that aligns with both budget and lifestyle preferences, making Troy a compelling place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,395 | $1,367 | $900 - $2,190 | $1,125 - $1,630 |
| Apartment | 1 Bedroom | $1,439 | $1,395 | $250 - $2,478 | $1,175 - $1,800 |
| Apartment | 2 Bedroom | $1,735 | $1,595 | $750 - $3,800 | $1,400 - $2,000 |
| Apartment | 3 Bedroom | $1,691 | $1,500 | $950 - $3,147 | $1,119 - $2,190 |
| Apartment | 4+ Bedroom | $1,518 | $1,790 | $965 - $1,800 | $965 - $1,800 |
| House | 1 Bedroom | $1,224 | $1,250 | $575 - $1,795 | $1,100 - $1,400 |
| House | 2 Bedroom | $1,543 | $1,470 | $825 - $2,600 | $1,295 - $1,600 |
| House | 3 Bedroom | $1,823 | $1,890 | $625 - $2,800 | $1,595 - $2,229 |
| House | 4+ Bedroom | $2,107 | $2,120 | $595 - $4,200 | $1,870 - $2,860 |
In the current period, the average rent in Troy was $1,375 for Studio, $1,414 for 1 Bedroom, $1,722 for 2 Bedroom, $1,764 for 3 Bedroom, and $1,855 for 4+ Bedroom.
Data provided by Rentometer, Inc.