Cheap Apartments for Rent in Ithaca, NY from $600 (77 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.

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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.

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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.

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property at 607 N Cayuga St

$1,375 - $1,450

1 To 2 Bedroom Rentals

Available Now

607 N Cayuga St

IthacaNY14850

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.

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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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Ithaca, NY Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Ithaca, NY

Pricing Updated: 01/19/2026

Current apartment rentals in the Ithaca, NY area range in price from $629 to $24,000 with an overall median price of $14,017. The three Ithaca neighborhoods with the lowest median rent pricing are Northwest Ithaca at $677, Central Business District at $629, and Downtown Ithaca at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ithaca Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northwest Ithaca$3,294$67734
Central Business District$4,065$6291978
Downtown Ithaca$4,065$75076
North Belle Sherman$4,065$6291966
Southside$4,065$6291977
Western South Hill$4,065$6291463
Eastern South Hill$4,212$6291973
South Hill Ithaca$4,450$6291985
Cayuga Heights$24,000$70052
Collegetown$24,000$6291969

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. 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
Collegetown TerraceQuarry Large Room - Shared BathStudio,$629
Auden Ithaca3x1 A63BR,1BA$649
Ravenwood ApartmentsRoom Rental5BR,2BA$700
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 January 19, 2026 the best value apartment in the Ithaca area is the $0.60 price per square foot 127 Catherine St Model at 127 Catherine St, Unit 1 in the in the North Campus neighborhood starting from $1,195. 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.
127 Catherine St, Unit 1127 Catherine St1BR,1BA$0.60
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$1.00
505 E Seneca St505 E Seneca St1BR,2.5BA$0.80
Eddygate Park ApartmentsRoom Rental1BR,1BA$0.68
137 Honness Ln, Unit A137 Honness Ln3BR,1BA$0.77
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
601 E State St - Fully Furnished!Building 23BR,1BA$0.97
The Overlook at West HillTwo Bedroom2BR,1BA$0.98

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.

Best Local Schools in
Ithaca, NY

School data provided by Great Schools

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

Explore Ithaca, NY Rentals by Map

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See the most popular apartments and homes in Ithaca, NY

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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 $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 $14,017.

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 21,094 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 $1,724 which is $12,293 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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!