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

As of August 2026, the median monthly rent in Troy, OH is $1,468. This figure is based on aggregated data from public sources and community-submitted rents.

Is Troy cheaper than other Ohio cities?

Troy falls in the middle range for Ohio, ranking #67 out of 124 cities at $1,468/mo.

When was Troy rent data last updated?

Troy rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Troy, OH?

HUD sets the Fair Market Rent for a two-bedroom home in Troy, OH at $1,010 per month, which is 31% below the $1,468 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · OH

Troy

Name: Average Rent Prices in Troy, OH
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 26,842·67th most expensive in Ohio·Troy rents are up 10.9% over the past year

Median rent (all units)

$1,468/mo

Year-over-Year

+10.9%

Month-over-Month

-2.9%

vs US Median

-$494

Falling (Monthly)

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Most AffordableMost Expensive

Troy · $1,468

More affordable than 78% of US cities · National median $1,962/mo

Rent Reality Score

42/100

Fairly priced

OverheatedFairGreat value

Rents are 4% above what Troy's 10-year trend predicts — running hotter than its own history.

Actual rent

$1,468/mo

Expected by trend

$1,412/mo

The Rent Reality Score compares today's median rent to where Troy's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$730

1 BR

$790

2 BR

$1,010

3 BR

$1,300

4 BR+

$1,440

Fair Market Rent (HUD)

$1,010/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,468 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$17,616/yr

At $1,468/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (10.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+10.9% YoY, -2.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Troy, OH is majority owner-occupied, has a large share of families with children, 33.2% of residents hold a bachelor's degree or higher.

Population

26,842

Median income

$68,830

Median age

37.8

Renters

34.5%

Age distribution

25.7%

19.6%

26.2%

16.6%

Under 1825.7%

18–3419.6%

35–5426.2%

55–6412%

65+16.6%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

83.9%

White83.9%

Black3.4%

Hispanic2.9%

Asian4%

Other5.8%

Education (25+)

32.5%

27.2%

33.2%

No HS diploma7.1%

HS diploma32.5%

Some college27.2%

Bachelor's+33.2%

Housing tenure

65.5%

34.5%

Owner65.5%

Renter34.5%

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

2022 vs 2026

How Troy, OH has changed in 5 years

Rent

$1,145 → $1,468

up 28.2%

Income

$65,563 → $68,830

up 5.0%

Population

26,093 → 26,842

up 2.9%

Renter share

35.6% → 34.5%

-1.1 pts

Bachelor's+

30.3% → 33.2%

+2.9 pts

Across the past five years, the going rent in Troy, OH has shifted from $1,145 to $1,468, up 28.2% since 2022. Census figures show median household income at $68,830 today, compared with $65,563 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Troy, OH adding about 749 residents over the five-year window, up 2.9% on net. Bachelor's-degree-or-higher attainment moved from 30.3% to 33.2% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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 $1,468/mo, how Troy rent compares to typical pay (30% rule).

Registered Nurse

Avg $88,811/yr · Rent = 19.8% income

very comfortable

Elementary School Teacher

Avg $63,055/yr · Rent = 27.9% income

affordable

Police Officer

Avg $72,634/yr · Rent = 24.3% income

affordable

Software Developer

Avg $129,823/yr · Rent = 13.6% income

very comfortable

Lawyer

Avg $165,882/yr · Rent = 10.6% income

very comfortable

Firefighter

Avg $59,041/yr · Rent = 29.8% income

affordable

Truck Driver

Avg $53,307/yr · Rent = 33% income

stretched

Electrician

Avg $65,706/yr · Rent = 26.8% 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, OH

Last updated: August 17, 2026

The median rent in Troy is $1,468/mo as of August 2026. A studio apartment averages $730/mo while a 2-bedroom runs $1,010/mo. One-bedroom apartments average $790/mo and 3-bedroom units go for $1,300/mo.

At 26% of local median household income ($68,830/yr), Troy ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.9% over the past year.

FAQ

Frequently asked questions

Is Troy an affordable city for renters?

Troy is considered affordable for renters. At $1,468/mo, rent takes approximately 26% of the local median household income ($68,830/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 $59,000/year (~$28/hour full-time) to afford the median rent of $1,468/mo in Troy. The local median household income is $68,830/yr, meaning the typical Troy household meets that threshold.

Is rent going up or down in Troy?

Rent in Troy has increased 10.9% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Troy rent compare to other cities in Ohio?

Troy is middle-of-the-pack for Ohio for rent, ranking #67 out of 124 tracked cities at $1,468/mo.

Which nearby cities are cheaper to rent in than Troy?

Several nearby cities have lower median rents than Troy ($1,468/mo): Piqua ($1,087/mo), Shiloh ($1,105/mo), Vandalia ($1,190/mo).

What percentage of Troy residents rent vs. own?

According to Census data, approximately 34.5% of Troy households are renters, while 65.5% are owner-occupied. Troy leans toward homeownership, which can mean a smaller rental inventory.