Rent by ZIP · Oakland County
Rent in Troy, MI 48098
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,000 (+3.1% vs FY2026). Renters in this ZIP code pay a median $1,712 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,440 | $1,390 | +3.6% | $1,296–1,584 | – |
| 1 bedroom | $1,600 | $1,540 | +3.9% | $1,440–1,760 | $1,747 ±$178 |
| 2 bedrooms | $2,000 | $1,940 | +3.1% | $1,800–2,200 | $1,511 ±$199 |
| 3 bedrooms | $2,440 | $2,370 | +3% | $2,196–2,684 | $1,787 ±$198 |
| 4 bedrooms | $2,640 | $2,570 | +2.7% | $2,376–2,904 | $2,809 ±$479 |
Small Area FMRs for the Detroit-Warren-Livonia, MI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Detroit-Warren-Livonia, MI HUD Metro FMR Area, 2 bedrooms: $1,459.
What renters pay in 48098
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 48097 | Yale | $1,050 | $854 |
| 48096 | Ray | $1,560 | $640 |
| 48095 | Washington | $1,010 | – |
| 48094 | Washington | $1,580 | $1,572 |
| 48093 | Warren | $1,390 | $1,108 |
| 48092 | Warren | $1,470 | $1,294 |
Fair Market Rents across Oakland County, MI · All MI counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.