Studio Apartment Rent in Troy, MI
Median asking rent for a studio apartment in Troy, Michigan as of July 2026. That's +31% lower than the citywide median of $1,861 and in line with the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Troy
Compare Troy's median rent across every apartment size.
Cheapest cities for a studio in Michigan
| # | City | Studio rent |
|---|---|---|
| 1 | Trenton | $584 |
| 2 | Flint | $680 |
| 3 | Bay City | $730 |
| 4 | Saginaw | $740 |
| 5 | Muskegon | $750 |
| 6 | Marquette | $760 |
| 7 | Niles | $770 |
| 8 | Battle Creek | $800 |
| 9 | Kalamazoo | $804 |
| 10 | Jackson | $805 |
| 11 | Monroe | $810 |
| 12 | Mount Pleasant | $810 |
| 13 | Grand Blanc | $830 |
| 14 | Mount Clemens | $830 |
| 15 | Port Huron | $830 |
Most expensive cities for a studio in Michigan
| # | City | Studio rent |
|---|---|---|
| 1 | Rochester | $2,193 |
| 2 | Ann Arbor | $1,493 |
| 3 | Birmingham | $1,490 |
| 4 | West Bloomfield | $1,355 |
| 5 | Bloomfield Hills | $1,350 |
| 6 | Commerce Township | $1,330 |
| 7 | Northville | $1,320 |
| 8 | Troy (this page) | $1,290 |
| 9 | Novi | $1,290 |
| 10 | Canton | $1,250 |
| 11 | Rochester Hills | $1,240 |
| 12 | New Hudson | $1,240 |
| 13 | Grosse Pointe Park | $1,240 |
| 14 | Farmington Hills | $1,220 |
| 15 | Oak Park | $1,190 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Troy.
| City | Distance | Studio rent | vs Troy |
|---|---|---|---|
| Royal Oak, MI | 3.7 mi | $1,180 | $-110 (-9%) |
| Madison Heights, MI | 4.6 mi | $990 | $-300 (-23%) |
| Berkley, MI | 5 mi | $1,170 | $-120 (-9%) |
| Birmingham, MI | 5 mi | $1,490 | +$200 (+16%) |
| Bloomfield Hills, MI | 6.3 mi | $1,350 | +$60 (+5%) |
| Oak Park, MI | 6.9 mi | $1,190 | $-100 (-8%) |
| Ferndale, MI | 7 mi | $1,060 | $-230 (-18%) |
| Rochester Hills, MI | 7.1 mi | $1,240 | $-50 (-4%) |
| Hazel Park, MI | 7.5 mi | $1,040 | $-250 (-19%) |
| Sterling Heights, MI | 8.3 mi | $1,033 | $-257 (-20%) |
| Rochester, MI | 8.4 mi | $2,193 | +$903 (+70%) |
| Warren, MI | 9.2 mi | $1,003 | $-287 (-22%) |
Studio rent in Troy — common questions
How much is a studio apartment in Troy?
As of July 2026, the median studio apartment rent in Troy, Michigan is $1,290 per month. This is +31% below the citywide median of $1,861.
What income do you need to afford a studio in Troy?
Using the standard 30% rent-to-income rule, you would need an annual income of about $51,600 ($4,300/month gross), which works out to roughly $24.81/hour at a full-time job.
Is Troy expensive for a studio compared to the rest of the US?
Troy's studio median of $1,290 is right at the national studio median of $1,290. It ranks in the 50th percentile of US cities tracked.
How does Troy rank for studio rent in Michigan?
Among the 88 cities in Michigan with studio data, Troy ranks #81 from cheapest to most expensive.
Are there cheaper studio options near Troy?
Yes — nearby cities with cheaper studio rents include Royal Oak ($1,180), Madison Heights ($990), Berkley ($1,170).