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ZIP Code · MI

ZIP 48083

Part of Troy, MI
Pop. 23,771·Oakland County·20th most expensive ZIP in Michigan
Median rent (all units)
$1,909/mo
Year-over-Year
+21.8%
Month-over-Month
+9.3%
vs US Median
-$42
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48083 · $1,909
More expensive than 56% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,390
2 BR
$1,750
3 BR
$2,140
4 BR+
$2,320
Research median
$1,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$22,908/yr
At $1,909/mo median
Location
CityTroy
StateMI
CountyOakland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 21.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+21.8% YoY, +9.3% MoM), not inventory.
Demographics

Who lives here

ZIP 48083 (Troy, MI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.2% of residents hold a bachelor's degree or higher.

Population
23,771
Median income
$90,794
Median age
40.7
Renters
37.8%
Age distribution
16.3%
26.4%
24%
13%
20.3%
Under 1816.3%
18–3426.4%
35–5424%
55–6413%
65+20.3%
Gender
52.5%
47.5%
Male52.5%
Female47.5%
Race & ethnicity
64.1%
22.3%
White64.1%
Black4.8%
Hispanic3.7%
Asian22.3%
Other5%
Education (25+)
17.5%
19.8%
52.2%
No HS diploma10.5%
HS diploma17.5%
Some college19.8%
Bachelor's+52.2%
Housing tenure
62.2%
37.8%
Owner62.2%
Renter37.8%

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

2021 vs 2026

How ZIP 48083 in Troy, MI has changed in 5 years

Income
$80,222 → $90,794
up 13.2%
Population
23,682 → 23,771
up 0.4%
Renter share
36.7% → 37.8%
+1.1 pts
Bachelor's+
52.1% → 52.2%
+0.1 pts
Median age
39.8 → 40.7
+0.9 yrs

On the earnings side, the typical household in ZIP 48083 in Troy, MI now reports about $90,794, up from $80,222 in 2021.

Community

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Local insights

Tips for renters in ZIP 48083

About renting in ZIP 48083

Last updated: June 22, 2026

ZIP code 48083 covers Troy, MI. The median rent here is $1,909/mo as of June 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,750/mo.

At 25% of local median household income ($90,794/yr), ZIP 48083 ranks as affordable compared to the national benchmark of 30%. Rents have increased 21.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48083?

As of June 22, 2026, the median monthly rent in ZIP 48083 (Troy, MI) is $1,909. This is based on aggregated data from public sources and community submissions.

How does ZIP 48083 rent compare to the US average?

ZIP 48083's median rent of $1,909/mo is $42 (2%) below the US national median of $1,951/mo.

How does ZIP 48083 compare to other ZIPs in Michigan?

ZIP 48083 is one of the pricier ZIP codes in Michigan, ranking #20 out of 163 ZIPs tracked at $1,909/mo.

How much income do you need to rent in ZIP 48083?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,909/mo in ZIP 48083. The local median household income is $90,794/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48083?

Rent in ZIP 48083 has increased 21.8% over the past year as of June 22, 2026, putting upward pressure on renter budgets.

Is ZIP 48083 an affordable place to rent?

ZIP 48083 is considered affordable for renters. At $1,909/mo, rent takes approximately 25% of the local median household income ($90,794/yr). The standard benchmark is 30%. ZIP 48083 falls comfortably within that range.

What percentage of ZIP 48083 residents rent vs. own?

According to Census data, approximately 37.8% of ZIP 48083 households are renters, while 62.2% are owner-occupied. ZIP 48083 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48083 compare to the rest of Troy?

ZIP 48083 is pricier than Troy as a whole. At $1,909/mo, it's $148 above the Troy citywide median of $1,761/mo.

When was rent data for ZIP 48083 last updated?

Rent data for ZIP 48083 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,909/mo, rent takes ~25% of ZIP 48083's median household income ($90,794/yr). The standard benchmark is 30%.

ZIP 48083 25%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48083 (Troy, MI)

Recent submissions

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