Cheap Apartments for Rent in the Central Business District Ithaca, NY from $600 (61 Rentals)

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

property at 120 James St

$745

Total Monthly Price

Total Monthly Price

Base Rent
$745
Total Monthly Price
$745

4 Bedroom, 2 Bath Townhome for Rent

Available Aug 5

120 James St, Unit 1, Unit 1

120 James St
IthacaNY14850
property at 5 Charles St

$805

Total Monthly Price

Total Monthly Price

Base Rent
$805
Total Monthly Price
$805

3 Bedroom, 2 Bath Townhome for Rent

Available Aug 5

5 Charles St

IthacaNY14850

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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property at 114 Ferris Place

$925

6 Bedroom, 2 Bath Home for Rent

Available Aug 8

114 Ferris Place

IthacaNY14850
property at 203 Linden Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

6 Bedroom, 2 Bath Home for Rent

Available Jun 15

203 Linden Ave

IthacaNY14850
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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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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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property at 123 Linden Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 2 Bath Home for Rent

Available Aug 1

123 Linden Ave

IthacaNY14850

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 403 Hector St

$1,550 - $1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $1,875
Total Monthly Price
$1,550 - $1,875

1 To 2 Bedroom Homes for Rent

Available Now

403 Hector St

IthacaNY14850
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648 Hudson St
3 Bedroom Apartments

648 Hudson St

648 Hudson StIthaca, NY 14850
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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 RIDGETOP Apartments in Collegetown priced from $225. 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
RIDGETOP Apartments in CollegetownParkingStudio,$225
Auden Ithaca02B3BR,1BA$649
408 Stewart Ave.408 Stewart Ave. - 5Studio,1BA$1,100
Commons WestStudioStudio,1BA$1,395
The Belleayre Building1B/1B1BR,1BA$1,400
City View ApartmentsY SeriesStudio,1BA$1,575
400 Stewart Ave1 Bed 1 Bath1BR,1BA$1,700

Best Value Apartments for Rent in Central Business District, NY

As of April 26, 2026 the best value apartment in the Central Business District 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 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.
212 Giles St Furnished Free Parking4 Beds, 2 baths4BR,2BA$0.41
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
122 Delaware Ave, Unit 1122 Delaware Ave3BR,1.5BA$1.55
Ravenwood Apartments5x2 (A05, A07, A08, B05, B07, B08)5BR,2BA$2.39
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
114 N Aurora St, Unit B114 N Aurora St1BR,1BA$2.19
151 Chestnut St151 Chestnut St1BR,1BA$2.13
The Belleayre Building1B/1B1BR,1BA$1.94
Lakeside Vista2 Bedroom / 1 Bathroom - Bedroom2BR,1BA$1.18
518 W Buffalo St518 W Buffalo StStudio ,1BA$1.75

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 $1,700.

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

The cheapest apartment in Central Business District is The Belleayre Building which is listed at $1,400, while the average apartment in Central Business District costs $11,750.

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 144 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 $1,413 which is $10,337 cheaper than the average rent for all rentals in Central Business District.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.