Cheap Apartments for Rent in Ithaca, NY from $675 (122 Rentals)

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Search the lowest-cost Apartments available for rent right now in Ithaca.

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125 Elmira Rd
$675 - $700

Total Monthly Price

Base Rent$675 - $700
Total Monthly Price$675 - $700
1 Bedroom Apartment Available Now

125 Elmira Rd

125 Elmira RdIthaca, NY 14850
Cost Per Sq.Ft.
property at 445 N Tioga St
$700 - $2,100
3 Bedroom Rentals
Available Now
Furnished

445 N Tioga St

IthacaNY14850

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 107 Elmwood Ave
$1,025 - $4,100
4 Bedroom Rentals
Available Jan 1, 2027
Affordability

107 Elmwood Ave

IthacaNY14850
property at 1313 E State St
$1,050 - $1,600
Studio To 2 Bedroom Rentals
Available Now
Affordability

1313 E State St

IthacaNY14850

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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330 W State St, Unit 2
$1,150

Total Monthly Price

Base Rent$1,150
Total Monthly Price$1,150
1 Bedroom Apartment Available Now

330 W State St, Unit 2

330 W State StIthaca, NY 14850
Affordability
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1686 Slaterville Rd
$1,175

Total Monthly Price

Base Rent$1,175
Total Monthly Price$1,175
1 Bedroom Apartment Available Now

1686 Slaterville Rd

1686 Slaterville RdIthaca, NY 14850
Affordability
property at 112 Hudson St
$1,175 - $1,750
1 To 2 Bedroom Rentals
Available Now
Affordability

112 Hudson St

IthacaNY14850

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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409 Dryden Rd, Unit 1
$1,300

Total Monthly Price

Base Rent$1,300
Total Monthly Price$1,300
1 Bedroom Apartment Available Now

409 Dryden Rd, Unit 1

409 Dryden RdIthaca, NY 14850
Affordability

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Ithaca, NY Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Ithaca, NY

Pricing Updated: 09/05/2026

Current apartment rentals in the Ithaca, NY area range in price from $225 to $16,000 with an overall median price of $2,399. The three Ithaca neighborhoods with the lowest median rent pricing are Northeast Ithaca at $1,867, Cayuga Heights at $1,950, and North Campus at $2,116. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ithaca Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northeast Ithaca$1,867$950112
Cayuga Heights$1,950$699161
North Campus$2,116$225150
Cornell Heights$2,300$225365
East Ithaca$2,400$225275
Collegetown$2,419$225230
Southside$2,420$225273
University Hill$2,420$225305
North Belle Sherman$2,475$225228
Northwest Ithaca$2,495$67573

Cheapest Available Ithaca Apartments for Rent

 

The cheapest available apartment rental in Ithaca, NY is a Studio unit found at RIDGETOP Apartments in Collegetown in the North Campus neighborhood priced from $225. Auden Ithaca in the Ithaca neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $699. Here is today’s list of the most affordable Ithaca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RIDGETOP Apartments in CollegetownParkingStudio,$225
Auden Ithaca3x1 A73BR,1BA$699
Ravenwood ApartmentsRoom-by-Room Rentals Available at Ravenwood – U...5BR,2BA$700
407 College AveLiving in Collegetown—Made Affordable. All Util...4BR,2BA$995
Quarry St. Apartments3BR/1.0BA3BR,1BA$1,000
36 German Cross Rd Utilities Included!1 BR, 1 BA1BR,1BA$1,000

Best Value Apartments for Rent in Ithaca, NY

As of September 05, 2026 the best value apartment in the Ithaca area is the $0.23 price per square foot 205 W Buffalo St Model at 205 W Buffalo St, Unit 1 in the in the Western South Hill neighborhood starting from $2,300. The second greatest value Ithaca apartment is the 125 Elmira Rd Model at 125 Elmira Rd starting at $700 with a $0.30 price per square foot in the Ithaca neighborhood. Here is today’s list of the best values for Ithaca apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
205 W Buffalo St, Unit 1205 W Buffalo St1BR,1BA$0.23
125 Elmira Rd125 Elmira Rd1BR,1BA$0.30
110 S Quarry St, Unit 110 S. Quarry St.110 S Quarry St3BR,1BA$0.95
212 Giles St Furnished Free Parking3 Bedroom 2 Bath3BR,2BA$0.43
111 Osmun Place - See DetailsFull 3 Bedroom Apartment 43BR,1BA$0.58
505 Dryden Rd505 Dryden Rd1BR,1BA$0.50
918 Danby Rd918 Danby Rd4BR,1BA$0.86
36 German Cross Rd Utilities Included!1 BR, 1 BA1BR,1BA$1.00
306 Stewart Ave, Unit Apt 3306 Stewart Ave4BR,1BA$0.80
407 College AveLiving in Collegetown—Made Affordable. All Util...4BR,2BA$1.09

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Ithaca Overview

Home to the lauded Cornell University and a jaw-dropping amount of natural scenery, Ithaca is a fantastic locale in the heart of upstate New York. From farmer's markets to hand-crafted breweries, Ithaca apartments boast easy access to a world of amenities and charm to spare.

Why live in Ithaca, NY?

Home to a wide range of arts-based businesses, Ithaca is a great cultural hot spot of the upstate New York scene. With numerous colleges dotting the area and museums in high supply, Ithaca makes a great place for both budding families as well as students and young professionals.

Best Local Schools in
Ithaca, NY

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Ithaca Apartments

What is a cheap apartment in Ithaca?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ithaca is under $1,000.

What is the price of a cheap apartment in Ithaca?

The cheapest apartment in Ithaca is 36 German Cross Rd Utilities Included! which is listed at $1,000, while the average apartment in Ithaca costs $2,399.

What types of apartments are the cheapest in Ithaca?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1,814 regular apartments in Ithaca that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Ithaca?

Cheap apartments in Ithaca have an average cost of $1,072 which is $1,327 cheaper than the average rent for all rentals in Ithaca.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.