Cheap Apartments for Rent in Ithaca, NY from $600 (82 Rentals)

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

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Ithaca, NY Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Ithaca, NY

Pricing Updated: 11/05/2025

Current apartment rentals in the Ithaca, NY area range in price from $629 to $24,000 with an overall median price of $17,029. The three Ithaca neighborhoods with the lowest median rent pricing are Downtown Ithaca at $800, Northwest Ithaca at $677, and Western South Hill at $629. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ithaca Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Ithaca$3,000$80080
Northwest Ithaca$3,320$67787
Western South Hill$3,400$6291422
Central Business District$14,150$6292119
Eastern South Hill$14,150$6292067
North Belle Sherman$14,150$6292054
South Hill Ithaca$14,150$6292005
Southside$14,150$6292115
Cayuga Heights$24,000$700176
Collegetown$24,000$6292068

Cheapest Available Ithaca Apartments for Rent

 

The cheapest available apartment rental in Ithaca, NY is a Studio unit found at Collegetown Terrace in the Western South Hill neighborhood priced from $629. Ravenwood Apartments in the North Campus neighborhood has the second lowest priced unit, which is a 5 Beds apartment currently listed from $700. Here is today’s list of the most affordable Ithaca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Collegetown TerraceQuarry Large Room - Shared BathStudio,$629
Ravenwood ApartmentsRoom Rental5BR,2BA$700
Auden Ithaca3x1 A63BR,1BA$789
401 Eddy Street401 Eddy Street - F3BR,1BA$800
601 E State St - Fully Furnished!Building 2 6 bedroom 2 bath6BR,2BA$800
The Overlook at West HillTwo Bedroom2BR,1BA$812
102 Turkey Hill Rd - Utilities Included!3 Bedroom 2 Bath6BR,4BA$867
West Village Apartments1 Bed, 1 bath1BR,1BA$926

Best Value Apartments for Rent in Ithaca, NY

As of November 06, 2025 the best value apartment in the Ithaca area is the $0.49 price per square foot Full 6 Bedroom Apartment 3 Model at 111 Osmun Place - See Details in the in the North Campus neighborhood starting from $875. The second greatest value Ithaca apartment is the 3 Bedroom 2 Bath Model at 102 Turkey Hill Rd - Utilities Included! starting at $867 with a $0.48 price per square foot . 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.
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
102 Turkey Hill Rd - Utilities Included!3 Bedroom 2 Bath6BR,4BA$0.48
918 Danby Rd, Unit 918 unit#1918 Danby Rd4BR,1BA$0.94
Uptown Village ApartmentsUptown 2 Bed2BR,1.5BA$1.23
137 Honness Ln, Unit A137 Honness Ln1BR,1BA$0.77
All-Inclusive Living in Collegetown!6 bedroom6BR,2BA$1.06
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
601 E State St - Fully Furnished!Building 23BR,1BA$1.18
The Overlook at West HillTwo Bedroom2BR,1BA$0.98
West Village Apartments1 Bed, 1 bath1BR,1BA$1.35

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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

Explore Ithaca, NY Rentals by Map

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Getting Around Ithaca, NY

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

58 / 100

Bikeable

Some bike infrastructure

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 $926.

What is the price of a cheap apartment in Ithaca?

The cheapest apartment in Ithaca is West Village Apartments which is listed at $926, while the average apartment in Ithaca costs $17,029.

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 22,155 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 $3,045 which is $13,984 cheaper than the average rent for all rentals in Ithaca.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.