Redwood Troy Arthur Road
1030 Office Redharvest Dr,
Troy, OH 45373
$1,749 - $2,763
2 Beds
Rental Market Trends in Troy, OH
What is the average rent in Troy, OH?
$947/month
Average Rent
624 Sq Ft
Average Apartment Size
-2.7%
Decrease in the Last Year
As of March 2026, the average rent in Troy, OH is $947 per month. This is 42% lower than the national average rent of $1,627/month, making renting in Troy more affordable than most cities in the US. When you rent an apartment in Troy, you can expect to pay about $656 per month for a studio, $947 for a one-bedroom apartment, and around $1,248 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,137 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, OH?
In the past year, rent has decreased by 2.7%, which averages out to $25 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Troy, OH
Last Updated March 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
50%
$700 - $1,000/month
25%
$1,001 - $1,500/month
8%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Troy?
Based on current rent prices, Troy Towne Park is the most affordable neighborhood in Troy.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Troy?
Based on current rent prices, Troy Towne Park is the most expensive neighborhood in Troy.
Neighborhood
Average Rent
Average Sq Ft
Which Troy neighborhoods have the most rentals available?
The neighborhood in Troy with the most apartments available is Troy Towne Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Troy, OH?
Because the average rent in Troy is $947, you’ll want to make about $3,156 per month or $37,872 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, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Troy, OH 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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Three Bedroom
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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.
* Percentages may not total 100 due to rounding.