Cheap Apartments for Rent in the Central Business District Ithaca, NY from $600 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Business District area of Ithaca.

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505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished
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401 Eddy Street
2 to 3 Bedroom Apartments

401 Eddy Street

401 Eddy StIthaca, NY 14850
Student Housing
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648 Hudson St
3 Bedroom Apartments

648 Hudson St

648 Hudson StIthaca, NY 14850
  • Utilities Included
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215 College Ave
2 to 6 Bedroom Apartments

215 College Ave

215 College AveIthaca, NY 14850
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Parkside Vista
2 Bedroom Apartments

Parkside Vista

204 Fair StIthaca, NY 14850
Student Housing
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514 W State St
1 Bedroom Apartments

514 W State St

514 W State StIthaca, NY 14850
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602 W Seneca St
2 Bedroom Apartments

602 W Seneca St

602 W Seneca StIthaca, NY 14850
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109 Sage Pl
Studio to 3 Bedroom Apartments

109 Sage Pl

109 Sage PlIthaca, NY 14850
Furnished
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222 N Albany St
2 Bedroom Apartments

222 N Albany St

222 N Albany StIthaca, NY 14850
  • Utilities Included
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203 Williams St
Studio to 4 Bedroom Apartments

203 Williams St

203 Williams StIthaca, NY 14850
Student Housing
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710 Stewart Ave LLC
Studio to 4 Bedroom Apartments

710 Stewart Ave LLC

710 Stewart AveIthaca, NY 14850
Student Housing
Showing Results 1-49, Page 1 of 1

Central Business District, Ithaca, NY Local Guide

Cheapest Available Central Business District Apartments for Rent

 

The cheapest available apartment rental in the Central Business District area of Ithaca, NY is a Studio unit found at Collegetown Terrace priced from $629. Auden Ithaca has the second lowest priced unit, which is a 3 Beds apartment currently listed from $649. Here are the most affordable Central Business District apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
Collegetown TerraceQuarry Large Room - Shared BathStudio,$629
Auden Ithaca3x1 A63BR,1BA$649
Ravenwood ApartmentsRoom Rental5BR,2BA$700
401 Eddy Street401 Eddy Street - F3BR,1BA$800
601 E State St - Fully Furnished!Building 2 6 bedroom 2 bath6BR,2BA$800
408 Stewart Ave.408 Stewart Ave. - 5Studio,1BA$1,100
RIDGETOP Apartments in Collegetown1 Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Central Business District, NY

As of November 09, 2025 the best value apartment in the Central Business District area is the $1.40 price per square foot 506 S Cayuga St Model at 506 S Cayuga St, Unit 1 in the in the Western South Hill neighborhood starting from $2,800. The second greatest value Central Business District 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 Central Business District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
506 S Cayuga St, Unit 1506 S Cayuga St4BR,1.5BA$1.40
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
918 Danby Rd, Unit 918 unit#1918 Danby Rd4BR,1BA$0.94
321 N Fulton St, Unit #1321 N Fulton St1BR,1.5BA$1.40
707 N Aurora St, Unit 1707 N Aurora St3BR,1BA$1.63
410 Hillview Plz, Unit 410AptB410 Hillview Plz3BR,1BA$1.75
All-Inclusive Living in Collegetown!6 bedroom6BR,2BA$1.06
702 N Aurora St, Unit 3702 N Aurora St3BR,1BA$1.70
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
601 E State St - Fully Furnished!Building 23BR,1BA$1.18

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Pet Friendly Lifestyle
Central Business District, Ithaca, NY

Ranked #13

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Central Business District Apartments

What is a cheap apartment in Central Business District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Business District is under $1,200.

What is the price of a cheap apartment in Central Business District?

The cheapest apartment in Central Business District is Collegetown Terrace which is listed at $1,095, while the average apartment in Central Business District costs $14,150.

What types of apartments are the cheapest in Central Business District?

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 1,986 regular apartments in Central Business District 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 Central Business District?

Cheap apartments in Central Business District have an average cost of $3,856 which is $10,294 cheaper than the average rent for all rentals in Central Business District.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.