Troy, AL Apartment Market & Multifamily Brokerage
Pike County, AL
Troy has 17,716 residents supporting 21 tracked multifamily properties and 957 units. Enough scale to matter, small enough that a handful of transactions can move the whole market.
At 54 apartment units per 1,000 residents, Troy's housing mix runs close to the middle of the markets we track — neither oversupplied nor underserved on paper.
Average asking rent sits around $823/unit — soft relative to the broader footprint. That's the opening: well-located, well-run product has real room to push rent before it bumps into a ceiling.
Troy is home to the main campus of Troy University, which drives much of the city's rental demand.
Steven Rowe and Gulf Coast Multifamily represent owners of 10+ unit apartment properties in Troy and across Pike County, AL. If you're thinking about selling, refinancing, or just want to know what your property is worth, a confidential conversation costs nothing.