Flanigan Square Lofts
547 River St,
Troy, NY 12180
$1,500 - $2,475
Studio - 2 Beds
Downtown Troy
Troy, NY
Downtown Troy - Troy, NY
Area Guide
A bustling downtown district on the Hudson River
Urban
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University
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Restaurants
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Riverside
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Breweries
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A popular part of the Capital District, Downtown Troy is the thriving downtown district to a major city in New York State. Nestled along the eastern banks of the Hudson River, Downtown Troy is home to an array of local restaurants, bars, cafes, and breweries including Troy Kitchen, the Whistling Kettle, and Brown’s Brewing. Downtown Troy is home to Prospect Park and a portion of the Rensselaer Polytechnic Institute’s campus, so there’s a park-like, college-town vibe that residents of this neighborhood appreciate. When residents aren’t enjoying the local restaurants and shops in town, you can find them enjoying historic museums, sites, and architecture around the city of Troy like the Burden Iron Works Museum. Apartments for rent in Downtown Troy range from affordable to upscale, so there’s something for everyone in this bustling commercial district.
Rent Trends
As of November 2025, the average apartment rent in Downtown Troy is $1,391 for a studio, $1,488 for one bedroom, $1,927 for two bedrooms, and $2,732 for three bedrooms. Apartment rent in Downtown Troy has increased by 0.2% in the past year.
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Studio
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693 sq ft
Average Sq Ft
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$1,391/month
Average Rent
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1 BR
-
703 sq ft
Average Sq Ft
-
$1,488/month
Average Rent
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2 BR
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1,055 sq ft
Average Sq Ft
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$1,927/month
Average Rent
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3 BR
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1,237 sq ft
Average Sq Ft
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$2,732/month
Average Rent
Transportation
88
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
53
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
48
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Peebles Island State Park
- Children's Museum of Science & Technology
- Erie Canalway National Heritage Corridor
- Hudson River Valley National Heritage Area
- New York State Museum
Airports
- Albany International
Top Apartments in Downtown Troy
Houses for Rent in Downtown Troy
Property Management Companies
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.