Flanigan Square Lofts
547 River St,
Troy, NY 12180
$1,500 - $2,475
Studio - 2 Beds
Over the course of nearly two centuries, Rensselaer Polytechnic Institute has built a reputation as one of the top universities in the nation. The relatively small institution is best known for its robust engineering program, and in fact the school’s athletic teams are known as the Engineers. The institute strongly encourages students to get involved with extracurricular activities, with around a quarter of students participating in Greek life, three quarters playing sports at some level, and even an annual showcase for student-created computer games. The campus environment features an eclectic mix of old and new architecture, from the classic Victorian-styled West Hall to the sleek, ultra-modern EMPAC building. The hockey program has historically been quite competitive, and serves as one of the major focal points of campus culture as well as the broader Troy community. The RSI campus sits right on the edge of Downtown Troy, within easy walking distance of the city’s most popular off-hours hangouts. Manory’s Restaurant is a longtime favorite, a no-frills fixture at the corner of 4th and Congress since 1913. The area is packed with classic college bars, and late-night hotspots like I Love Pizza are perfect for an after-hours snack. The north side of campus is bordered by residential neighborhoods, while the west side blends apartments with the downtown social scene, so you have a variety of options for living arrangements while staying close to the university.
As of March 2026, the average apartment rent in Troy, NY is $1,344 for a studio, $1,421 for one bedroom, $1,604 for two bedrooms, and $2,375 for three bedrooms. Apartment rent in Troy has increased by 1.8% in the past year.
Studio
665 sq ft
Average Sq Ft
$1,344/month
Average Rent
1 BR
689 sq ft
Average Sq Ft
$1,421/month
Average Rent
2 BR
977 sq ft
Average Sq Ft
$1,604/month
Average Rent
3 BR
1,427 sq ft
Average Sq Ft
$2,375/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Rensselaer Polytechnic Institute - Troy, NY (University) is for everyday living.
Somewhat Walkable
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
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.
Public
Grades PK-8
Public
Grades K-5
Public
Grades PK-5
Public
Grades PK-5
Public
Grades K-5
Public
Grades PK-8
True North Troy Preparatory Charter School
Public
Grades K-12
Public
Grades 6-8
Tamarac Middle School High School
Public
Grades PK-12
Public
Grades 6-8
True North Troy Preparatory Charter School
Public
Grades K-12
Lansingburgh Senior High School
Public
Grades 9-12
Tamarac Middle School High School
Public
Grades PK-12
Public
Grades 9-12
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† 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.