Troy

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Troy, MI

Area Guide

Detroit suburb contains natural and retail delights.

Suburban Commuter

About 24 miles north of Detroit, Troy has a lot to offer its residents. Picturesque homes, an award-winning school district, and world-class shopping and dining can all be found in Troy.

Visitors flock to Troy from all over to shop at the Somerset Collection, a multi-level shopping center featuring an array of retailers. Troy is also home to Oakland Mall, adding to the varied retail experiences in town. The Troy Museum and Historic Village provides a look into a well-preserved past. Stage Nature Center serves as a peaceful wilderness near the urban metropolis, where guests can regularly walk the trails and spot wildlife. For even more wildlife, the Detroit Zoo is nearby Troy as well, in neighboring Royal Oak.

Traveling and commuting from Troy is simple with convenience to I-75, the expansive highway that runs from Michigan to Florida, and Detroit Metro Airport.

Explore the City

Rent Trends

As of October 2025, the average apartment rent in Troy, MI is $1,461 for a studio, $1,395 for one bedroom, $1,666 for two bedrooms, and $2,184 for three bedrooms. Apartment rent in Troy has decreased by -3.4% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,395/month
809 Sq Ft
House
$3,023/month
1,657 Sq Ft
Condo
$2,615/month
1,205 Sq Ft
Townhome
$2,356/month
1,171 Sq Ft
See Rental Market Trends in Troy, MI

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 $1,395 - $2,184. 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

Hamilton Elementary School

Public

Grades K-5

436 Students

Bemis Elementary School

Public

Grades K-5

472 Students

Wass Elementary School

Public

Grades K-5

433 Students

Leonard Elementary School

Public

Grades K-5

400 Students

Martell Elementary School

Public

Grades K-5

389 Students

Boulan Park Middle School

Public

Grades 6-8

823 Students

Larson Middle School

Public

Grades 6-8

762 Students

Baker Middle School

Public

Grades 6-8

626 Students

Smith Middle School

Public

Grades 6-8

611 Students

Troy High School

Public

Grades 9-12

2,094 Students

Athens High School

Public

Grades 9-12

1,545 Students

Points of Interest

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

Airports

  • Detroit Metro Wayne County

Top Apartments in Troy

Houses for Rent in Troy

Property Management Companies in Troy, MI

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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 September 2025.