Rents are 4% below what Troy's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,422 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Troy is 0.3% below its high of $1,426 in February 2026, at $1,422 as of September 2026.
Rent in Troy changed +1.3% over the year to September 2026. Across the 93 Ohio cities Zillow tracks, the typical change was +4.3%.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($68,830) is $1,721 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,440).
Piqua, 9 miles away, rents for 26% less ($1,052/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Troy. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Troy, OH has changed in 5 years
Across the past five years, the going rent in Troy, OH has shifted from $1,137 to $1,422, up 25.1% 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.
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Can you afford rent in Troy on your salary?
At $1,422/mo, how Troy rent compares to typical pay (30% rule).
Troy rent by bedroom count
Median rent for each apartment size in Troy. Click any size for full breakdown.
Tips for renters in Troy
Last updated: October 17, 2026
The median rent in Troy is $1,422/mo as of October 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 25% of local median household income ($68,830/yr), Troy ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.
Frequently asked questions
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Is rent going up or down in Troy?
How does Troy rent compare to other cities in Ohio?
At $1,422/mo, rent takes ~25% of Troy's median household income ($68,830/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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