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Troy, IL Townhomes for Rent

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  • 309 Red Bird St, Troy, IL 62294
    309 Red Bird St, Troy, IL 62294
    309 Red Bird St, Troy, IL 62294
    /10

    $1,265

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 790 Sq Ft
    • Townhouse for Rent

    309 Red Bird St, Troy, IL 62294

    Recently renovated. All one level. 2 bedrooms, 1 bath duplex with attached 1 car garage. Hard surface flooring throughout. Eat in kitchen with all appliances with granite counter tops. Washer and dryer hook ups. Patio off garage. Strict 2 car limit. All electric building. Lawn maintenance included. 12 month leaseAll applicants must fill out an application and submit to a credit and background

    309 Red Bird St, Troy, IL 62294
  • 7515 Waterford Place, Troy, IL 62294
    7515 Waterford Place, Troy, IL 62294
    7515 Waterford Place, Troy, IL 62294
    /15

    $1,450

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,280 Sq Ft
    • Townhouse for Rent

    7515 Waterford Place, Troy, IL 62294

    Unit vacant on May 14, 2026, Ready for Move In early June Convenient Location: Dining, shopping and Access to Highway 70/55 and 270 all within 5 milesTriad School District-Silver Creek Elementary SchoolUnits are internet and cable readySpacious 1280 SFMaster bedroom has walk in closetPond located on site-enjoy fishing20 Miles to Scott Air Force Base3 Miles from

    7515 Waterford Place, Troy, IL 62294
  • 520 Wood Thrush St, Troy, IL 62294
    520 Wood Thrush St, Troy, IL 62294
    520 Wood Thrush St, Troy, IL 62294
    /16

    $1,695

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • Townhouse for Rent

    520 Wood Thrush St, Troy, IL 62294

    3 bedroom, 2 full bath duplex with 2 car attached garage. Master bedroom on main floor with master bath. Main floor laundry. Upstairs has 2 large bedrooms and full bath. Patio off kitchen. Island in kitchen with lots of cabinet space with dishwasher. Washer and dryer hook ups. Lawn maintenance included. Gas & Electric. Strict 2 car limit. 12 month lease?All applicants must fill out an

    520 Wood Thrush St, Troy, IL 62294
  • 7554 Waterford Place, Troy, IL 62294
    7554 Waterford Place, Troy, IL 62294
    7554 Waterford Place, Troy, IL 62294
    /12

    $1,500

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,280 Sq Ft
    • Townhouse for Rent

    7554 Waterford Place, Troy, IL 62294

    Unit vacant as of 8/1/26. Possible move in Late August.Convenient Location: Dining, shopping and Access to Highway 70/55 and 270 all within 5 milesTriad School District-Silver Creek Elementary SchoolUnits are internet and cable readySpacious 1280 SFMaster bedroom has walk in closetPond located on site-enjoy fishing20 Miles to Scott Air Force Base3 Miles from

    7554 Waterford Place, Troy, IL 62294
  • 504 Red Bud Ln, Troy, IL 62294
    504 Red Bud Ln, Troy, IL 62294
    /2

    $1,275 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    504 Red Bud Ln, Troy, IL 62294

    2-bedroom/1-bath duplex with a 1-car attached garage. Large, unfenced yards and back deck. Credit score must be 600+, pets will need owner approval. More pictures coming!By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

    504 Red Bud Ln, Troy, IL 62294
Illinois Madison County Troy

Townhomes for Rent in Troy, IL

Frequently Asked Questions

How much does it cost to rent a townhouse in Troy, IL?
The median rent for a townhouse in Troy, IL is $1,450 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Troy, IL?
To comfortably afford the median rent in Troy, IL, a household needs to earn roughly $59,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,475 per month in Troy, IL, renters typically need to show $4,425 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Troy, IL?
In Troy, IL, the price-to-rent ratio is 19.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Troy, IL are best for renting a townhouse?
The best neighborhood for renting in Troy, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Benton Park and Soulard, each with its own character and price range.

Rental Home Trends in Troy, IL

There are currently 5 townhouses available for rent in Troy, IL. The median rent is $1,450 per month, with 2-bedroom townhouses renting at $1,363 and 3-bedroom townhouses at $1,695.

Rental Home Trends

Number of Townhouses for Rent
5
Median Townhouse Rent
$1,450
Median 2 Bedroom Townhouse Rent
$1,363
Median 3 Bedroom Townhouse Rent
$1,695
How to Rent a Home

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