Rentometer, Inc. | Data as of 12/16/2025
Troy, Ohio offers a vibrant rental market that balances historic charm with modern convenience. Prospective renters will find a diverse mix of housing options, from well‑maintained apartments in the city core to spacious single‑family homes in the surrounding neighborhoods. One‑bedroom apartments typically hover just above $1,000, while larger three‑bedroom units reach the $1,400‑$1,500 range, reflecting the city’s affordable yet comfortable living standards. For families seeking more space, two‑bedroom houses average around $1,200, and four‑plus bedroom homes approach the $1,900‑$2,000 bracket, providing ample room for growing households.
Key neighborhoods such as Downtown Troy, with its historic brick streets and easy access to boutique shops and dining, attract renters looking for an urban lifestyle. The nearby Oakridge and Hillcrest areas are popular for their quiet, tree‑lined streets and proximity to schools, making them ideal for families. Residents also enjoy convenient access to local amenities, including the Troy Community Center, the historic Miami County Courthouse, and the scenic Trotter Park, which offers trails and recreational facilities.
Overall, Troy’s rental landscape is characterized by a welcoming community atmosphere, diverse housing stock, and competitive pricing that appeals to young professionals, students, and families alike. The city’s strategic location near major highways and its close ties to regional attractions, such as the Miami University campus and the River Raisin Trail, further enhance its appeal as a desirable place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,059 | $1,046 | $800 - $1,344 | $800 - $1,344 |
| Apartment | 2 Bedroom | $1,062 | $950 | $900 - $1,448 | $900 - $1,448 |
| Apartment | 3 Bedroom | $1,429 | $1,500 | $1,200 - $1,589 | $1,200 - $1,589 |
| House | 2 Bedroom | $1,181 | $1,175 | $875 - $1,500 | $950 - $1,500 |
| House | 3 Bedroom | $1,628 | $1,500 | $1,100 - $2,400 | $1,450 - $1,800 |
| House | 4+ Bedroom | $1,943 | $1,725 | $1,525 - $2,797 | $1,550 - $2,797 |
In the current period, the average rent in Troy was $1,006 for 1 Bedroom, $1,122 for 2 Bedroom, $1,605 for 3 Bedroom, and $1,943 for 4+ Bedroom.
Data provided by Rentometer, Inc.