Downtown Troy

Troy, NY

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Downtown Troy - Troy, NY Area Guide

A bustling downtown district on the Hudson River

Urban University Restaurants Riverside Breweries

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 May 2026, the average apartment rent in Downtown Troy is $1,400 for a studio, $1,556 for one bedroom, $1,999 for two bedrooms, and $2,678 for three bedrooms. Apartment rent in Downtown Troy has increased by 1.8% in the past year.

  • Studio

  • 645 sq ft

    Average Sq Ft

  • $1,400/month

    Average Rent

  • 1 BR

  • 637 sq ft

    Average Sq Ft

  • $1,556/month

    Average Rent

  • 2 BR

  • 960 sq ft

    Average Sq Ft

  • $1,999/month

    Average Rent

  • 3 BR

  • 1,237 sq ft

    Average Sq Ft

  • $2,678/month

    Average Rent

Getting Around

Moderately Walkable

Walkability

70 / 100

Good Public Transit

Transit

70 / 100

Moderately Drivable

Drivability

70 / 100

Fairly Bikeable

Bikeability

40 / 100

Daily Essentials

Supermarket Within a 10 Minute Walk

Groceries

80 / 100

Good Restaurant Variety Nearby

Restaurants

60 / 100

Good Café Variety Nearby

Cafes

60 / 100

Limited Variety of Shops Nearby

Shopping

30 / 100

Recreation

Very Large Amount of Park Space Nearby

Parks

80 / 100

Fair Wellness Amenity Variety Nearby

Wellness

40 / 100

Local Vibe

Vibrant Atmosphere at Times

Vibrancy

50 / 100

Fair Nightlife Variety Nearby

Nightlife

50 / 100

Somewhat Noisy

Quiet Score

80 / 100

Points of Interest

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

Search Nearby Rentals

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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.