Troy

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Troy, AL Area Guide

Avg Rent

$621

Population

17,847

Renter Mix

56% Rent

Small-town charm and college-town vibrancy collide

Historic College Town Vibrant Close-Knit Affordable

Located about an hour’s drive south of Montgomery, Troy is a historic city offering a distinct blend of small-town camaraderie and academic opportunities. Troy University calls the city home, lending a college-town atmosphere with promising educational programs and Division 1 athletics.

Officially incorporated in 1843, Troy honors its rich history with an array of monuments and museums, including the Pioneer Museum and the Johnson Center for the Arts. Troy’s historic downtown square sits at the heart of the city, brimming with unique restaurants, quaint shops, and a broad range of houses, townhomes, and apartments available for rent.

In addition to the local university, Troy’s strong sense of community is fostered by a bevy of year-round events such as TroyFest, Troy Pioneer Days, and Pike Piddlers Storytelling Festival. Convenience to U.S. 29 and U.S. 231 makes getting around from Troy simple.

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 May 2026, the average apartment rent in Troy, AL is $621 for one bedroom, $884 for two bedrooms, and $1,539 for three bedrooms. Apartment rent in Troy has increased by 2.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$621/month
493 Sq Ft
House
$1,461/month
900 Sq Ft
See Rental Market Trends in Troy, AL

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

Public

Grades 6-8

266 Students

Pike Co Alt Learning Center

Public

Grades 5-12

Charles Henderson High School

Public

Grades 9-12

515 Students

Pike Co Alt Learning Center

Public

Grades 5-12

Points of Interest

Parks and Recreation

  • Troy University Arboretum

Colleges

Top Apartments in Troy

Houses for Rent in Troy

Search Nearby Rentals

Nearby City Rentals

Nearby House 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.