Rentometer, Inc. | Data as of 10/22/2025
Troy, Ohio offers a balanced rental landscape that appeals to students, young professionals, and families alike. The city's charming historic downtown, with its boutique shops and riverfront parks, creates a walkable environment, while nearby neighborhoods such as Tipp Hill and River Bluff provide quieter, tree‑lined streets and easy access to local schools and the Miami University Regional Campus. Residents enjoy a mix of modern apartments and well‑maintained single‑family homes, many within convenient reach of Troy’s cultural attractions, including the Troy Public Library and the annual Troy Heritage Festival.
Rental options in Troy span from efficient one‑bedroom apartments to spacious four‑plus‑bedroom houses, catering to a variety of lifestyle needs. Average rents typically fall in the $1,000‑$1,500 range for most units, with larger family homes approaching the $2,000‑$2,100 bracket. This pricing flexibility makes Troy an attractive choice for those seeking affordable yet comfortable living spaces. Apartment complexes often feature updated amenities such as fitness centers and on‑site laundry, while many houses offer private yards and garages, ideal for growing families.
The rental market’s stability is supported by Troy’s strong community feel and steady economic base, anchored by local businesses, healthcare providers, and educational institutions. Prospective renters benefit from a range of housing styles, from contemporary apartments near campus to historic homes in established neighborhoods. Whether you’re looking for a convenient downtown locale or a peaceful suburban setting, Troy’s rental market provides quality housing options that complement the city’s welcoming Midwestern charm.
| 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 | $1,099 | $1,000 | $900 - $1,448 | $900 - $1,250 |
| Apartment | 3 Bedroom | $1,429 | $1,500 | $1,200 - $1,589 | $1,200 - $1,589 |
| House | 2 Bedroom | $1,237 | $1,350 | $875 - $1,500 | $950 - $1,400 |
| House | 3 Bedroom | $1,641 | $1,575 | $1,100 - $2,400 | $1,450 - $1,800 |
| House | 4+ Bedroom | $2,114 | $1,900 | $1,525 - $2,800 | $1,550 - $2,797 |
In the current period, the average rent in Troy was $1,006 for 1 Bedroom, $1,175 for 2 Bedroom, $1,623 for 3 Bedroom, and $1,943 for 4+ Bedroom.
Data provided by Rentometer, Inc.