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Studio Apartment for Rent in Troy, OH

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    Starting at $850 Per Month

    • Studio - 2 Beds

    455 Stonyridge Ave, Troy, OH 45373

    Welcome to The Flats of Troy – Your Perfect Home Awaits!Located at 455 Stonyridge Ave, Troy, Ohio 45373, The Flats of Troy offers a convenient and comfortable living experience in a serene and vibrant community. With spacious, floor plans, this apartment complex is perfect for individuals, couples, and families alike.Key Features:Spacious Apartments: Enjoy open-concept

    The Flats of Troy LLC

    (833) 997-7715

    455 Stonyridge Ave, Troy, OH 45373

Why Live in Troy

Troy, OH, founded in 1808, is a small city located along the Great Miami River. It has a rich manufacturing history with major employers like Collins Aerospace and Clopay Corporation. The city boasts a relatively low cost of living and a high quality of life, with residents taking pride in their homes and community. Housing styles vary widely, from historic bungalows and Victorian homes downtown to New Traditional and ranch-style homes in larger subdivisions. The Troy City School District and Miami East Local Schools serve the area, both highly rated, along with Troy High School. Edison State Community College and the Hobart Institute of Welding Technology provide higher education opportunities. Downtown Troy is lively with locally owned restaurants, specialty shops, and a Designated Outdoor Refreshment Area (DORA) for adults to enjoy beverages while exploring. The city features several parks along the Miami River, including Treasure Island Park and Hobart Urban Nature Preserve, offering activities like kayaking, bird watching, and seasonal skiing. Hobart Arena hosts year-round ice skating and major events, while the Troy-Hayner Cultural Center and The WACO Museum and Aviation Learning Center offer cultural and historical experiences. The Strawberry Festival is a major annual event, attracting over 200,000 visitors. Despite a higher tornado risk, Troy has lower crime rates compared to the national average. Interstate 75 provides easy access to Dayton, located 20 miles away, with Dayton International Airport 14 miles south.

Frequently Asked Questions

How much does it cost to rent a home in Troy, OH?
The median rent for a home in Troy, OH is $1,600 per month, though prices vary by neighborhood, size, and property type. As of June 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, OH?
To comfortably afford the median rent in Troy, OH, a household needs to earn roughly $64,000 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 $1,600 per month in Troy, OH, renters typically need to show $4,800 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, OH?
In Troy, OH, the price-to-rent ratio is 13.7, 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.

Rental Trends in Troy, OH

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,600
Median Single Family Home Rent
$1,750
Median Townhouse Rent
$1,273
Median Condo Rent
$1,600
How to Rent a Home