Flanigan Square Lofts
547 River St,
Troy, NY 12180
$1,200 - $2,475
Studio - 2 Beds
Rental Market Trends in Troy, NY
What is the average rent in Troy, NY?
$1,420/month
Average Rent
700 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of December 2025, the average rent in Troy, NY is $1,420 per month. For comparison, the national average rent price in the US is currently $1,631/month, which means Troy rent prices are 13% lower than the national average. When you rent an apartment in Troy, you can expect to pay about $1,365 per month for a studio, $1,420 for a one-bedroom apartment, and around $1,602 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,389 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Troy, NY?
In the past year, rent has increased by 2.4%, which averages out to $34 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2025
Legend
2024
2025
Rent Ranges in Troy, NY
Last Updated December 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
12%
$700 - $1,000/month
34%
$1,001 - $1,500/month
43%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Troy?
Based on current rent prices, Central Troy Historic District, Downtown Troy and Pottery District are the most affordable neighborhoods in Troy.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Troy?
Based on current rent prices, Northern River St Dist, Pottery District and Downtown Troy are the most expensive neighborhoods in Troy.
Neighborhood
Average Rent
Average Sq Ft
Which Troy neighborhoods have the most rentals available?
The neighborhoods in Troy with the most apartments available are Downtown Troy, Northern River St Dist and Central Troy Historic District .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Troy, NY?
Because the average rent in Troy is $1,420, you’ll want to make about $4,733 per month or $56,796 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Troy, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Troy, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Troy we think you'll love
Property Management Companies in Troy, NY
Redburn Development Partners, LLC
-
20
Communities
-
1,420
Units
-
4
Cities
6 Communities in Troy
Stratus Property Management
-
20
Communities
-
1,420
Units
-
4
Cities
6 Communities in Troy
Tri City Rentals
-
42
Communities
-
9,401
Units
-
19
Cities
4 Communities in Troy
Berkeley Properties
-
21
Communities
-
3,674
Units
-
17
Cities
2 Communities in Troy
Cole Group Realty
-
16
Communities
-
2,019
Units
-
13
Cities
2 Communities in Troy
The United Group of Companies, Inc.
-
17
Communities
-
1,956
Units
-
12
Cities
2 Communities in Troy
PeakMade Real Estate
-
60
Communities
-
11,894
Units
-
46
Cities
1 Community in Troy
Lexington Property Group
-
15
Communities
-
2,902
Units
-
10
Cities
1 Community in Troy
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.
* Percentages may not total 100 due to rounding.