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Troy, AL Area Guide

Avg Rent

$632

Population

17,847

Renter Mix

56% Rent

Small-town charm and college-town vibrancy collide

Historic College Town Vibrant

Troy, Alabama carries a quiet confidence that comes from being both a college town and a regional hub in the heart of Pike County. Troy University anchors much of the city's energy, drawing students, educators, and a steady flow of activity that keeps the local economy grounded and forward-looking. The university's influence stretches well beyond campus, shaping the character of surrounding neighborhoods and giving the city a rhythm that balances academic ambition with small-town ease.

The city's neighborhoods range from historic streets lined with mature trees and traditional Southern architecture to newer residential pockets with contemporary builds closer to commercial corridors. Whether you're drawn to a classic brick bungalow or a modern apartment community with updated finishes, Troy offers a housing mix that suits a range of preferences and lifestyles. Renters can find everything from cozy townhomes to well-appointed apartment communities near the university and beyond.

Living in Troy means settling into a place where Southern hospitality is part of everyday life. The pace is relaxed, the community is tight-knit, and the cost of living remains well below state and national averages. Troy University's Trojans athletics also bring seasonal excitement and a sense of shared pride that pulses through the city each fall.

Demographics

Median Household Income

$37,099

Average: $62,453

Education

4,466

Residents Have a Degree

Job Market

7,575

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

30 Years

Largest Age Group

20-29 Years

Approximately 28% of Residents

Under 20

23%

Over 65

14%

Housing Distribution

Troy has more renters than homeowners.

Renters
56%
Non-Renters
44%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
21%
Other Education
79%

Rent Trends

As of July 2026, the average apartment rent in Troy, AL is $632 for one bedroom, $891 for two bedrooms, and $1,534 for three bedrooms. Apartment rent in Troy has increased by 2.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$632/month
493 Sq Ft
House
$1,828/month
1,607 Sq Ft
See Rental Market Trends in Troy, AL

Learn More About Troy

Getting Around

Fairly Walkable

Walkability

40 / 100

Exceptionally Drivable

Drivability

90 / 100

Somewhat Bikeable

Bikeability

20 / 100

Schools

Troy Elementary School

Public

Grades PK-5

982 Students

Pike Co Alt Learning Center

Public

Grades 5-12

Charles Henderson Middle School

Public

Grades 6-8

266 Students

Charles Henderson Middle

Public

Grades 6-8

266 Students

Pike Co Alt Learning Center

Public

Grades 5-12

Charles Henderson High School

Public

Grades 9-12

546 Students

Pike Co Alt Learning Center

Public

Grades 5-12

Points of Interest

Top Apartments in Troy

Houses for Rent in Troy

Living in Troy

History

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Troy's historic downtown square retains much of its 19th-century character, with the Pike County Courthouse anchoring a district lined with buildings that speak to the city's role as a regional trade and government center. The courthouse, rebuilt after an 1885 fire, continues to serve as an active hub of civic life. Walking through the square, renters will notice architectural details from the late 1800s and early 1900s, including storefronts that have been adapted for contemporary businesses while preserving their original facades.

The city's connection to education runs deep, with Troy University serving as a major presence since its founding in 1887. Beyond campus, several historic homes and churches dot the residential streets, reflecting Victorian and early 20th-century styles. The Pioneer Museum of Alabama, located nearby, offers a comprehensive look at regional history through preserved structures and artifacts. Annual events celebrating the area's heritage provide opportunities to experience local traditions and learn more about the community's agricultural and educational roots.

Transportation

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Troy is a small city in Pike County where most residents rely on personal vehicles to get around. U.S. Highway 231 serves as the main artery running through town, connecting Troy to Montgomery to the north and Dothan to the south, making regional travel straightforward. State Route 87 also provides local access within the area. Public transportation options are limited, so a car is generally necessary for daily errands and commuting. The Montgomery Regional Airport, located about 50 miles north, is the closest commercial airport for air travel.

Parks

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Troy offers a pleasant mix of green spaces and outdoor recreation for residents. Bicentennial Park serves as a community hub with open lawns, picnic areas, and walking paths, while Arrowhead Park provides additional space for outdoor leisure. The nearby Conecuh National Forest, roughly an hour's drive, draws nature enthusiasts with hiking trails and scenic landscapes. Lake Lurleen State Park and the Pea River offer opportunities for fishing, kayaking, and enjoying the natural beauty of Alabama's Wiregrass region. Collar Park and other neighborhood green spaces round out the city's outdoor offerings, giving residents plenty of options to enjoy fresh air and recreation year-round.

Highlights

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Troy, Alabama is a welcoming Southern city anchored by Troy University, which gives it a lively academic atmosphere and a strong sense of community. Home to the beloved Mossy Creek, charming historic downtown, and easy access to outdoor recreation, Troy offers a relaxed pace of life with plenty of cultural and educational amenities in the heart of Pike County.

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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 June 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.