How much does it cost to rent in Troy, AL?

As of July 2026, the median monthly rent in Troy, AL is $1,017. This figure is based on aggregated data from public sources and community-submitted rents.

Is Troy cheaper than other Alabama cities?

Troy is among the more affordable cities in Alabama, ranking #67 out of 70 cities at $1,017/mo.

When was Troy rent data last updated?

Troy rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · AL

Troy

Name: Average Rent Prices in Troy, AL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 17,716·67th most expensive in Alabama·Rents have been falling, good time to negotiate

Median rent (all units)

$1,017/mo

Year-over-Year

Stable

Month-over-Month

-7.2%

vs US Median

-$948

Falling (Monthly)

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Most AffordableMost Expensive

Troy · $1,017

More affordable than 97% of US cities · National median $1,965/mo

Affordability

24% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,017/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$41,000/yr

Local median income

$50,717/yr

Based on the 30%-of-income rule using Troy's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$750

1 BR

$770

2 BR

$1,000

3 BR

$1,210

4 BR+

$1,330

Research median

$1,000/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$12,204/yr

At $1,017/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -7.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Troy, AL is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 39.7% of residents hold a bachelor's degree or higher.

Population

17,716

Median income

$50,717

Median age

25.3

Renters

52.7%

Age distribution

15.3%

46.7%

17.4%

Under 1815.3%

18–3446.7%

35–5417.4%

55–649.2%

65+11.4%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

50.7%

41.7%

White50.7%

Black41.7%

Hispanic2.4%

Asian3.2%

Other2%

Education (25+)

25.8%

27%

39.7%

No HS diploma7.5%

HS diploma25.8%

Some college27%

Bachelor's+39.7%

Housing tenure

47.3%

52.7%

Owner47.3%

Renter52.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Troy, AL has changed in 5 years

Income

$36,409 → $50,717

up 39.3%

Population

17,765 → 17,716

down 0.3%

Renter share

52.2% → 52.7%

+0.5 pts

Bachelor's+

38.2% → 39.7%

+1.5 pts

Census figures show median household income at $50,717 today, compared with $36,409 five years earlier.

Community

Discussions about Troy

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View Troy rent history (2015–2026) →

Salary vs rent

Can you afford rent in Troy on your salary?

At $1,017/mo, how Troy rent compares to typical pay (30% rule).

Registered Nurse

Avg $81,253/yr · Rent = 15% income

very comfortable

Elementary School Teacher

Avg $57,689/yr · Rent = 21.2% income

affordable

Police Officer

Avg $66,452/yr · Rent = 18.4% income

very comfortable

Software Developer

Avg $118,775/yr · Rent = 10.3% income

very comfortable

Lawyer

Avg $151,764/yr · Rent = 8% income

very comfortable

Firefighter

Avg $54,017/yr · Rent = 22.6% income

affordable

Truck Driver

Avg $48,771/yr · Rent = 25% income

affordable

Electrician

Avg $60,114/yr · Rent = 20.3% income

affordable

By apartment size

Troy rent by bedroom count

Median rent for each apartment size in Troy. Click any size for full breakdown.

Local insights

Tips for renters in Troy

About renting in Troy, AL

Last updated: July 20, 2026

The median rent in Troy is $1,017/mo as of July 2026. A studio apartment averages $750/mo while a 2-bedroom runs $1,000/mo. One-bedroom apartments average $770/mo and 3-bedroom units go for $1,210/mo.

At 24% of local median household income ($50,717/yr), Troy ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Troy an affordable city for renters?

Troy is considered very affordable for renters. At $1,017/mo, rent takes approximately 24% of the local median household income ($50,717/yr). The standard benchmark is 30%. Troy falls comfortably within that range.

How much income do you need to rent in Troy?

To keep rent at or below 30% of gross income, you would need to earn at least $41,000/year (~$20/hour full-time) to afford the median rent of $1,017/mo in Troy. The local median household income is $50,717/yr, meaning the typical Troy household meets that threshold.

Is rent going up or down in Troy?

Rent in Troy has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Troy rent compare to other cities in Alabama?

Troy is one of the more affordable cities in Alabama for rent, ranking #67 out of 70 tracked cities at $1,017/mo.

Which nearby cities are cheaper to rent in than Troy?

Daleville is nearby and more affordable at $958/mo, which is $59 less than Troy.

What percentage of Troy residents rent vs. own?

According to Census data, approximately 52.7% of Troy households are renters, while 47.3% are owner-occupied. With a majority renter population, Troy has a strong rental market.