Village One Apartments
587 Broadway,
Menands, NY 12204
Studio - 1 Bed | $1,100 - $1,290
Rental Market Trends in Troy, NY
What is the average rent in Troy, NY?
$1,408/month
Average Rent
696 Sq Ft
Average Apartment Size
+2.7%
Increase in the Last Year
As of June 2025, the average rent in Troy, NY is $1,408 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Troy rent prices are 14% lower than the national average. When you rent an apartment in Troy, you can expect to pay about $1,298 per month for a studio, $1,408 for a one-bedroom apartment, and around $1,578 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,245 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 2.7%, which averages out to $39 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 June 2025
Legend
2024
2025
Rent Ranges in Troy, NY
Last Updated June 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
14%
$700 - $1,000/month
32%
$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, Pottery District, Downtown Troy and Central Troy Historic 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, Central Troy Historic 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, Central Troy Historic District and Pottery 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 $1,408, you’ll want to make about $4,693 per month or $56,316 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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Troy we think you'll love
Property Management Companies in Troy, NY
Prime Companies
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11
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2,408
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6
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Stratus Property Management
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19
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Tri City Rentals
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42
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Berkeley Properties
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21
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3,970
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17
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Cole Group Realty
-
14
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1,951
Units
-
12
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2 Communities in Troy
PeakMade Real Estate
-
57
Communities
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12,083
Units
-
47
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1 Community in Troy
The United Group of Companies, Inc.
-
21
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-
2,866
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-
18
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1 Community in Troy
Lexington Property Group
-
15
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2,902
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10
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1 Community 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 June 2025.
* Percentages may not total 100 due to rounding.