2-Bedroom Apartment Rent in Troy, MI
Median asking rent for a 2-bedroom apartment in Troy, Michigan as of July 2026. That's +4% lower than the citywide median of $1,861 and +8% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Troy
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Troy
Compare Troy's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Michigan
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Trenton | $913 |
| 2 | Muskegon Heights | $918 |
| 3 | Bay City | $930 |
| 4 | Flint | $970 |
| 5 | Mount Pleasant | $970 |
| 6 | Saginaw | $1,075 |
| 7 | Muskegon | $1,080 |
| 8 | Niles | $1,090 |
| 9 | Lansing | $1,103 |
| 10 | Marquette | $1,110 |
| 11 | Battle Creek | $1,127 |
| 12 | Dewitt | $1,130 |
| 13 | Jackson | $1,145 |
| 14 | Kalamazoo | $1,148 |
| 15 | Grand Blanc | $1,170 |
Most expensive cities for a 2-bedroom in Michigan
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Birmingham | $2,070 |
| 2 | West Bloomfield | $1,880 |
| 3 | Bloomfield Hills | $1,880 |
| 4 | Commerce Township | $1,850 |
| 5 | Northville | $1,820 |
| 6 | Ann Arbor | $1,805 |
| 7 | Troy (this page) | $1,795 |
| 8 | Novi | $1,790 |
| 9 | Canton | $1,740 |
| 10 | Rochester Hills | $1,730 |
| 11 | Grosse Pointe Park | $1,730 |
| 12 | New Hudson | $1,720 |
| 13 | Farmington Hills | $1,695 |
| 14 | Oak Park | $1,660 |
| 15 | Royal Oak | $1,640 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Troy.
| City | Distance | 2-Bedroom rent | vs Troy |
|---|---|---|---|
| Royal Oak, MI | 3.7 mi | $1,640 | $-155 (-9%) |
| Madison Heights, MI | 4.6 mi | $1,370 | $-425 (-24%) |
| Berkley, MI | 5 mi | $1,630 | $-165 (-9%) |
| Birmingham, MI | 5 mi | $2,070 | +$275 (+15%) |
| Bloomfield Hills, MI | 6.3 mi | $1,880 | +$85 (+5%) |
| Oak Park, MI | 6.9 mi | $1,660 | $-135 (-8%) |
| Ferndale, MI | 7 mi | $1,480 | $-315 (-18%) |
| Rochester Hills, MI | 7.1 mi | $1,730 | $-65 (-4%) |
| Hazel Park, MI | 7.5 mi | $1,440 | $-355 (-20%) |
| Sterling Heights, MI | 8.3 mi | $1,433 | $-362 (-20%) |
| Rochester, MI | 8.4 mi | $1,447 | $-348 (-19%) |
| Warren, MI | 9.2 mi | $1,393 | $-402 (-22%) |
2-Bedroom rent in Troy — common questions
How much is a 2-bedroom apartment in Troy?
As of July 2026, the median 2-bedroom apartment rent in Troy, Michigan is $1,795 per month. This is +4% below the citywide median of $1,861.
What income do you need to afford a 2-bedroom in Troy?
Using the standard 30% rent-to-income rule, you would need an annual income of about $71,800 ($5,983/month gross), which works out to roughly $34.52/hour at a full-time job.
Is Troy expensive for a 2-bedroom compared to the rest of the US?
Troy's 2-bedroom median of $1,795 is +8% above the national 2-bedroom median of $1,655. It ranks in the 58th percentile of US cities tracked.
How does Troy rank for 2-bedroom rent in Michigan?
Among the 90 cities in Michigan with 2-bedroom data, Troy ranks #84 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Troy?
Yes — nearby cities with cheaper 2-bedroom rents include Royal Oak ($1,640), Madison Heights ($1,370), Berkley ($1,630).