Flanigan Square Lofts
547 River St,
Troy, NY 12180
$1,200 - $2,475
Studio - 2 Beds
Welcome to Troy, New York, a historic riverside community along the Hudson River. This Capital District city, home to Rensselaer Polytechnic Institute (RPI) and Russell Sage College, combines educational institutions with rich cultural heritage. The rental market shows steady growth, with one-bedroom apartments currently priced at $1,399, reflecting a 4.2% increase over the past year. Two-bedroom units average $1,563, while larger homes can range up to $3,189 for four-bedroom properties. Downtown Troy features apartments in restored Victorian buildings and traditional brownstones, with additional residential options in neighborhoods like Lansingburgh.
Troy's community comes alive at the weekly Waterfront Farmers' Market along the Hudson River shoreline. Monument Square anchors downtown, where historic architecture frames local shops and restaurants. Outdoor enthusiasts appreciate Prospect Park's walking trails and the Uncle Sam Bike Trail for recreation. The city's industrial heritage as a collar-manufacturing center earned its "Collar City" nickname, while today's Troy embraces arts and technology. Distinctive areas include the Washington Park Historic District, known for its preserved Victorian architecture, and the South Central neighborhood, which offers a range of housing options. The neighborhoods surrounding RPI and Russell Sage College feature a mix of historic homes and modern apartments.
As of December 2025, the average apartment rent in Troy, NY is $1,339 for a studio, $1,411 for one bedroom, $1,607 for two bedrooms, and $2,387 for three bedrooms. Apartment rent in Troy has increased by 1.7% in the past year.
Somewhat Walkable
out of 100 WalkScore® Rating
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
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
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.
Public
Grades K-5
306 Students
Public
Grades PK-5
248 Students
Public
Grades PK-5
425 Students
Public
Grades PK-8
333 Students
Tamarac Middle School High School
Public
Grades PK-12
602 Students
Public
Grades PK-8
333 Students
Public
Grades 6-8
786 Students
Tamarac Middle School High School
Public
Grades PK-12
602 Students
Public
Grades 6-8
471 Students
Tamarac Middle School High School
Public
Grades PK-12
602 Students
Public
Grades 9-12
1,153 Students
Lansingburgh Senior High School
Public
Grades 9-12
638 Students
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.
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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 November 2025.