$500 Per Month
- 1 Bed
- 1 Bath
- 1359
428 W Main St Unit 428 W. MAIN ST APT #35, Troy, NC 27371
Frequently Asked Questions
How much does it cost to rent a condo in Troy, NC?
The median rent for a condo in Troy, NC is $500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Troy, NC?
To comfortably afford the median rent in Troy, NC, a household needs to earn roughly $20,000 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 $500 per month in Troy, NC, renters typically need to show $1,500 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, NC?
In Troy, NC, the price-to-rent ratio is 43.8, 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.
