RentDataNowRentDataNow
City Report · IL

Troy

Pop. 11,647·103rd most expensive in Illinois·Rental market data updated monthly for Troy, IL
Median rent (all units)
$1,425/mo
Year-over-Year
Stable
Month-over-Month
+8.5%
vs US Median
-$540
Rising (Monthly)
Be the first to discuss Troy rents ↓
Most AffordableMost Expensive
Troy · $1,425
More affordable than 80% of US cities · National median $1,965/mo
Affordability
15% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,425/mo, rent takes about 15% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$57,000/yr
Local median income
$112,434/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
$910
1 BR
$940
2 BR
$1,160
3 BR
$1,500
4 BR+
$1,720
Research median
$1,160/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
$17,100/yr
At $1,425/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.5% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Troy, IL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 45.2% of residents hold a bachelor's degree or higher.

Population
11,647
Median income
$112,434
Median age
35.2
Renters
26.4%
Age distribution
29.8%
19.8%
24.3%
12.1%
14%
Under 1829.8%
18–3419.8%
35–5424.3%
55–6412.1%
65+14%
Gender
47.2%
52.8%
Male47.2%
Female52.8%
Race & ethnicity
89.5%
White89.5%
Black1.3%
Hispanic3.6%
Asian0.7%
Other4.9%
Education (25+)
16.5%
35.7%
45.2%
No HS diploma2.5%
HS diploma16.5%
Some college35.7%
Bachelor's+45.2%
Housing tenure
73.6%
26.4%
Owner73.6%
Renter26.4%

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

2021 vs 2026

How Troy, IL has changed in 5 years

Income
$80,677 → $112,434
up 39.4%
Population
10,858 → 11,647
up 7.3%
Renter share
29.6% → 26.4%
-3.2 pts
Bachelor's+
31.8% → 45.2%
+13.4 pts
Median age
37.9 → 35.2
-2.7 yrs

On the earnings side, the typical household in Troy, IL now reports about $112,434, up from $80,677 in 2021. The population has grown by 7.3% since 2021, moving from about 10,858 residents to roughly 11,647. Renters now make up 26.4% of households, compared with 29.6% five years ago. College-educated residents now make up 45.2% of adults here, versus 31.8% in 2021.

Community

Discussions about Troy

No discussions yet. Start the conversation.

View Troy rent history (2015–2026) →
Salary vs rent

Can you afford rent in Troy on your salary?

At $1,425/mo, how Troy rent compares to typical pay (30% rule).

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, IL

Last updated: July 20, 2026

The median rent in Troy is $1,425/mo as of July 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,160/mo. One-bedroom apartments average $940/mo and 3-bedroom units go for $1,500/mo.

At 15% of local median household income ($112,434/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 $1,425/mo, rent takes approximately 15% of the local median household income ($112,434/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 $57,000/year (~$27/hour full-time) to afford the median rent of $1,425/mo in Troy. The local median household income is $112,434/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 Illinois?

Troy is one of the more affordable cities in Illinois for rent, ranking #103 out of 142 tracked cities at $1,425/mo.

Which nearby cities are cheaper to rent in than Troy?

Several nearby cities have lower median rents than Troy ($1,425/mo): Collinsville ($1,255/mo), Fairview Heights ($1,379/mo), Shiloh ($1,382/mo).

What percentage of Troy residents rent vs. own?

According to Census data, approximately 26.4% of Troy households are renters, while 73.6% are owner-occupied. Troy leans toward homeownership, which can mean a smaller rental inventory.

How does Troy rent compare to the national average?

Troy's median rent of $1,425/mo is $540 (27%) below the US national median of $1,965/mo. Within Illinois, it ranks #103 out of 142 tracked cities.
Income Affordability
15%
VERY AFFORDABLE

At $1,425/mo, rent takes ~15% of Troy's median household income ($112,434/yr). The standard benchmark is 30%.

Troy 15%Benchmark 30%
State income tax4.95%
Run the Troy affordability calculator →
Lowest-rent ZIP codes in Troy
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Troy, IL

Recent submissions

Be the first to submit your rent for Troy.

Recent discussions

No discussions yet.