Property prices for rent in Troy (Michigan)

The rent prices in real estate in Troy, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

$1,711.17
Average price last 6 months
$7.98
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Troy has fallen during the last 6 months. In April, the average price per sq.feet was $9.02. In the following month the price per sq.feet fell to $8.44. The price for the following two months in (June, July) had a considerable rise of 147 %. The price per sq.feet has had a considerable fall of 22 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $10.77 to $2.39 during August, and September.

Average price

When referring to the price in Troy (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,564. In May This price remains at $1,522. During the following two months (June, July) the average price had a considerable rise of 118 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,829 they are 12 % more affordable than the average price for Troy . The properties with the highest average price have 3 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,388.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $3.27 / sq.feet price in Troy. The properties with the most expensive average prices have 2 bedrooms. They are 274 % more expensive than the average followed by properties with 1 bedroom with a price at $7.04 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,829 it is 43 % more affordable than the average price in Troy. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,751 it is 16 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.06 / sq.feet followed by "Office" priced at $1.21 / sq.feet. "House" is the most expensive type of property with a $13.54 / sq.feet value followed by "Office" with an average price of $1.21 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Troy
Number of properties used in region Michigan
$1,829
$3.27
844
64,510
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value