Troy

A aerial view of downtown Troy and its beauty on the Hudson River.
Inside the Troy library and its upper glass floors.

Troy, NY Area Guide

Avg Rent

$1,442

Population

50,367

Renter Mix

68% Rent

Community-oriented college town on the banks of Hudson River

Universities Suburb Riverfront Great Eats Fun Nightlife

Troy sits on the eastern bank of the Hudson River just northeast of Albany, carrying the weight of a 19th-century industrial powerhouse that has steadily reinvented itself without losing its grit or character. Known as Collar City for its once-dominant collar and cuff manufacturing industry, Troy today anchors the Capital District with a mix of academic energy and deep architectural heritage. Rensselaer Polytechnic Institute, founded here in 1824 as the oldest technological university in the English-speaking world, and Russell Sage College both shape the city's intellectual atmosphere. Downtown revolves around Monument Square and River Street, where restored Victorian buildings and converted industrial spaces create a walkable core. The Washington Park Historic District offers beautifully preserved brownstones, while Lansingburgh to the north delivers classic brick rowhouses on quieter residential blocks. Renters can choose from lofts in repurposed historic structures, units within established apartment communities, and traditional multi-family homes spread across distinct neighborhoods. Troy Night Out, held on the last Friday of each month, turns downtown into an open gallery and live music circuit, reflecting a local arts scene that continues to draw creative energy into this resilient Hudson River city.

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Demographics

Median Household Income

$47,601

Average: $68,028

Education

13,176

Residents Have a Degree

Job Market

23,623

Workers Employed

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

Median Age

33 Years

Largest Age Group

20-29 Years

Approximately 20% of Residents

Under 20

24%

Over 65

14%

Housing Distribution

Troy has more renters than homeowners.

Renters
68%
Non-Renters
32%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
21%
Other Education
79%

Rent Trends

As of April 2026, the average apartment rent in Troy, NY is $1,357 for a studio, $1,447 for one bedroom, $1,615 for two bedrooms, and $2,382 for three bedrooms. Apartment rent in Troy has increased by 2.3% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,447/month
673 Sq Ft
House
$1,905/month
772 Sq Ft
Condo
$1,380/month
1,093 Sq Ft
Townhome
$1,495/month
1,001 Sq Ft
See Rental Market Trends in Troy, NY

Getting Around

Moderately Walkable

Walkability

60 / 100

Some Public Transit

Transit

40 / 100

Very Drivable

Drivability

80 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Gardner Dickinson School

Public

Grades PK-8

307 Students

Ps 14

Public

Grades PK-5

458 Students

Bell Top School

Public

Grades K-5

305 Students

True North Troy Preparatory Charter School

Public

Grades K-12

761 Students

Rensselaer Park Elementary School

Public

Grades K-5

419 Students

Gardner Dickinson School

Public

Grades PK-8

307 Students

True North Troy Preparatory Charter School

Public

Grades K-12

761 Students

Troy Middle School

Public

Grades 6-8

733 Students

Tamarac Middle School High School

Public

Grades PK-12

576 Students

Knickerbacker Middle School

Public

Grades 6-8

474 Students

True North Troy Preparatory Charter School

Public

Grades K-12

761 Students

Troy High School

Public

Grades 9-12

1,205 Students

Lansingburgh Senior High School

Public

Grades 9-12

625 Students

Tamarac Middle School High School

Public

Grades PK-12

576 Students

Points of Interest

Parks and Recreation

  • Peebles Island State Park
  • Erie Canalway National Heritage Corridor
  • Children's Museum of Science & Technology
  • Hudson River Valley National Heritage Area
  • New York State Museum

Airports

  • Albany International

Top Apartments in Troy

Houses for Rent in Troy

Property Management Companies in Troy, NY

Living in Troy

History

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Troy earned its Collar City nickname from the bustling collar and cuff manufacturing industry that dominated the 19th century, when mills and factories transformed this Hudson River port into one of the nation's most prosperous cities. Samuel Wilson, the meatpacker who may have inspired the Uncle Sam icon, lived and worked here as an early settler. Today that industrial legacy lives on in the converted loft buildings and warehouses that now house apartments, galleries, and restaurants throughout downtown.

The Washington Park Historic District preserves rows of Victorian-era brownstones and townhouses, while downtown's River Street and Monument Square retain their original commercial architecture. Rensselaer Polytechnic Institute, founded in 1824 as the oldest technological university in the English-speaking world, anchors the eastern hillside. The Troy Savings Bank Music Hall, known for its exceptional acoustics, continues to host performances in its 1875 concert hall, and residents can trace the city's collar-manufacturing past through preserved factory buildings that have been adapted into residential and creative spaces.

Restaurants

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Troy's downtown dining scene is concentrated along River Street and Broadway, where residents find a mix of American comfort food, craft beer bars, and casual eateries housed in converted 19th-century commercial buildings. The area around 4th Street and Little Italy along 4th and 5th Avenues reflects the city's layered immigrant history, with Italian-American culinary traditions still present in the neighborhood. A college-town energy shapes the restaurant landscape, keeping prices approachable and hours flexible. The Troy Waterfront Farmers Market draws residents weekly with locally grown produce, baked goods, artisan foods, and seasonal offerings, functioning as a community gathering point that reinforces the city's commitment to locally sourced ingredients.

Transportation

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Troy is a walkable city by upstate New York standards, with downtown standing out as the most pedestrian-friendly area, where residents can reach shops, restaurants, and the waterfront on foot. The Capital District Transportation Authority (CDTA) serves Troy with roughly 11 bus routes connecting the city to Albany, Schenectady, Cohoes, and Watervliet. For Amtrak access, the Albany-Rensselaer station sits just across the river and is reachable by a short cab or rideshare trip. Drivers reach Downtown Albany in about 15 minutes via NY-7 over the Collar City Bridge and I-787, while Interstate 87 and Interstate 90 provide access to the broader region. The three-mile Uncle Sam Bikeway runs through the city between Route 142 and Middleburgh Street, and four designated walking trails trace riverside and urban routes. Albany International Airport, roughly 12 miles west, serves the region for air travel.

Parks

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Troy offers a solid mix of parks spread across its neighborhoods. Frear Park covers 247 acres and stands out as the city's most expansive green space, featuring multiple nature trails ranging from half a mile to two miles, an 18-hole municipal golf course, and a year-round indoor ice rink. Prospect Park provides 80 acres of open greenery, 14 tennis courts, and a playground, making it a natural gathering spot for families and active residents. Riverfront Park lines the Hudson River waterfront and regularly hosts community events and festivals throughout the year. The Uncle Sam Bikeway offers three miles of trail connecting urban and forested scenery for cyclists, while a designated dog park at Kinloch Park gives pet owners a fenced space for off-leash recreation.

Cost

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Troy offers a notably more affordable rental market than New York State as a whole, where the average one-bedroom runs significantly higher. In Troy, one-bedroom apartments average around $1,424 per month, while studios come in near $1,352 and two-bedrooms closer to $1,602. Three-bedroom units see a wider range, reflecting the city's mixed housing stock of converted historic rowhouses, multi-family homes, and newer apartment buildings. Rents have held relatively steady, with modest year-over-year increases across most unit sizes. The city's median household income of approximately $47,600 aligns with the region's working- and middle-class character, and overall living costs tend to track below what renters would encounter in Albany or the broader New York metro area.

Shopping

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Troy's shopping scene centers on downtown, where River Street serves as the main retail corridor. Boutiques and family-owned shops line the street alongside independent booksellers and specialty stores, giving the area a distinctly local character that caters to a youthful, creative clientele. Monument Square anchors the downtown core and connects shoppers to the surrounding blocks of mid-priced retail. Troy Night Out, held on the last Friday of each month, keeps storefronts lively with extended hours, special sales, and a free trolley connecting downtown destinations. The Troy Waterfront Farmers Market rounds out the retail experience, offering fresh produce, baked goods, artisan soaps, and locally sourced items both outdoors during warmer months and inside the Uncle Sam Atrium when the season turns cold.

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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 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.