Cheap Apartments for Rent in Ithaca, NY from $600 (92 Rentals)

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

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.

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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518 W Buffalo St
$1,050 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,300

Total Monthly Price
$1,050 - $1,300
Studio to 1 Bedroom Apartment Available Now

518 W Buffalo St

518 W Buffalo StIthaca, NY 14850
Affordability
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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.

The Art of the Rental Viewing: What to look for during a property tour

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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: 04/20/2026

Current apartment rentals in the Ithaca, NY area range in price from $225 to $7,200 with an overall median price of $4,669. The three Ithaca neighborhoods with the lowest median rent pricing are Northeast Ithaca at $925, Northwest Ithaca at $677, and Cayuga Heights at $800. 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$3,250$92594
Northwest Ithaca$3,260$67768
Cayuga Heights$3,500$800111
North Campus$3,500$22592
Central Business District$5,100$225248
Collegetown$5,100$225212
Cornell Heights$5,100$225334
Downtown Ithaca$5,100$785151
Eastern South Hill$5,100$225241
East Ithaca$5,100$225232

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 North Campus neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $649. Here is today’s list of the most affordable Ithaca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RIDGETOP Apartments in CollegetownParkingStudio,$225
Auden Ithaca02B3BR,1BA$649
West Village Apartments2 Beds, 1 bath2BR,1BA$1,041
509 Wyckoff RdOne Bedroom1BR,1BA$1,100
408 Stewart Ave.408 Stewart Ave. - 5Studio,1BA$1,100
Village Apartments1 Bed, 1 bath1BR,1BA$1,195
North Wood ApartmentsThe Spruce1BR,1BA$1,224
Warren WoodThe PearlStudio,1BA$1,290

Best Value Apartments for Rent in Ithaca, NY

As of April 20, 2026 the best value apartment in the Ithaca area is the $0.41 price per square foot 4 Beds, 2 baths Model at 212 Giles St Furnished Free Parking in the in the Western South Hill neighborhood starting from $745. The second greatest value Ithaca apartment is the Full 6 Bedroom Apartment 3 Model at 111 Osmun Place - See Details starting at $875 with a $0.49 price per square foot in the North Campus 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.
212 Giles St Furnished Free Parking4 Beds, 2 baths4BR,2BA$0.41
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
Uptown Village ApartmentsUptown 3 Bed3BR,2.5BA$1.15
122 Delaware Ave, Unit 1122 Delaware Ave3BR,1.5BA$1.55
425 Troy Rd, Unit Apt 1425 Troy Rd3BR,2BA$1.66
West Village Apartments3 Beds, 1 bath3BR,1BA$1.15
Gaslight VillageTwo Bedroom2BR,1BA$1.39
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
The Overlook at West HillTwo Bedroom2BR,1BA$1.63
Lakeside Vista2 Bedroom / 1 Bathroom - Bedroom2BR,1BA$1.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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!

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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 $1,290.

What is the price of a cheap apartment in Ithaca?

The cheapest apartment in Ithaca is 509 Wyckoff Rd which is listed at $1,100, while the average apartment in Ithaca costs $4,669.

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 1,825 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 $1,292 which is $3,377 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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.