Apartments for Rent in Troy, NY

Prices and availability in Troy, NY were last updated on 22 May 2026.

The best apartments in Troy, NY are: Vicina - Modern Urban Flats, Cedar Park Apartments, The Collar Factory Lofts, School One and Vandenburgh Place.

The average rent in Troy, NY is $1,531.

The price range for a studio apartment in Troy, NY is between $979 and $2,884.

The price range for a 1-bedroom apartment in Troy, NY is between $850 and $3,017.

The price range for a 2-bedroom apartment in Troy, NY is between $850 and $3,555.

The price range for a 3-bedroom apartment in Troy, NY is between $1,806 and $2,235.

In Troy, 63% of the residents are renting compared to 37% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 15% of Troy's rentals, 79% are small-scale complexes with under 50 units, and 5% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Troy are about 43 years old, on average. Of these, 32% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 77% of the rental communities here are low-rise, garden-style communities, 23% are mid-rises, and 3% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Troy come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Troy. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.