The Gables of Troy
500 Coachman Dr,
Troy, MI 48083
$935 - $1,579
1-2 Beds
Troy
Troy, MI
Area Guide
Detroit suburb contains natural and retail delights.
Suburban
•
Commuter
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Located in Oakland County, Troy combines suburban comfort with metropolitan convenience. The city's rental market offers a range of housing options, from apartment communities to townhomes, with current average rents ranging from $1,302 for studios to $1,738 for two-bedroom units. The Somerset Collection, an upscale mall featuring over 180 retailers connected by a glass-enclosed skywalk, anchors the community's retail district. Neighborhoods include the historic Troy Corners district and the Big Beaver corridor, home to office complexes and restaurants. Residents enjoy access to community parks and the Troy Historic Village, which features preserved 19th-century buildings.
Troy serves as a significant business center, particularly for automotive and financial companies. The city sits 22 miles north of downtown Detroit, providing easy access to major highways and employment centers throughout the metro area. The Troy School District serves the community with several elementary and middle schools, along with Troy High School and Athens High School. Recent rent trends indicate steady growth, with most unit types showing 2-4% annual increases. The city maintains numerous parks and recreation facilities, including the Lloyd A. Stage Nature Center and Firefighters Park, offering walking trails and outdoor activities throughout the year.
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Rent Trends
As of December 2025, the average apartment rent in Troy, MI is $1,469 for a studio, $1,403 for one bedroom, $1,693 for two bedrooms, and $2,291 for three bedrooms. Apartment rent in Troy has decreased by -2.6% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,403/month
809 Sq Ft
House
$2,832/month
1,660 Sq Ft
Condo
$2,723/month
1,302 Sq Ft
Townhome
$2,548/month
1,281 Sq Ft
Cost of Living
The cost of living in Troy, MI is 5.8% higher than the national average. Generally, housing in Troy is 7.9% more expensive than the national average, with rent falling between $1,403 - $2,291. You can expect to pay 0.1% more for groceries, 4.3% less for utilities, and 2.9% more for transportation.
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Transportation
46
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
46
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.
Schools
Public
Grades K-5
436 Students
Public
Grades K-5
472 Students
Public
Grades K-5
433 Students
Public
Grades K-5
400 Students
Public
Grades K-5
389 Students
Public
Grades 6-8
823 Students
Public
Grades 6-8
762 Students
Public
Grades 6-8
626 Students
Public
Grades 6-8
611 Students
Public
Grades 9-12
2,094 Students
Public
Grades 9-12
1,545 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Troy Historic Village
- Lloyd A. Stage Nature Center
- Cranbrook Institute of Science
- Red Oaks Nature Center and County Park
- Burgess-Shadbush Nature Center
Commuter Rail
Airports
- Detroit Metro Wayne County
Top Apartments in Troy
Houses for Rent in Troy
Property Management Companies in Troy, MI
Amber Properties
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15
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770
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3
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9 Communities in Troy
BEZTAK Properties
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99
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57
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LR Management
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62
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14,136
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Beacon Property Management
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33
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Trowbridge Companies
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17
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2,152
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9
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Greystar
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3,447
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950,023
Units
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878
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3 Communities in Troy
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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.