Cheap Apartments for Rent in the Central Business District Ithaca, NY from $675 (72 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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125 Elmira Rd
$675 - $700

Total Monthly Price

Base Rent$675 - $700
Total Monthly Price$675 - $700
1 Bedroom Apartment Available Now

125 Elmira Rd

125 Elmira RdIthaca, NY 14850
Cost Per Sq.Ft.
property at 445 N Tioga St
$700 - $2,100
3 Bedroom Rentals
Available Now
Furnished

445 N Tioga St

IthacaNY14850

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 112 Hudson St
$1,175 - $1,750
1 To 2 Bedroom Rentals
Available Now
Affordability

112 Hudson St

IthacaNY14850

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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509 E Buffalo St
$1,265 - $1,950

Total Monthly Price

Base Rent$1,265 - $1,950
Total Monthly Price$1,265 - $1,950
Studio to 2 Bedroom Apartment Available Aug 8, 2027

509 E Buffalo St

509 E Buffalo StIthaca, NY 14850
Furnished
  • Smoke Free
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174 Kendall Ave
$1,400 - $4,100

Total Monthly Price

Base Rent$1,400 - $4,100
Total Monthly Price$1,400 - $4,100
2 to 6 Bedroom Apartment Available Aug 1, 2027

174 Kendall Ave

174 Kendall AveIthaca, NY 14850
Furnished
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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164 Kendall Ave, Unit 1
$1,485

Total Monthly Price

Base Rent$1,485
Total Monthly Price$1,485
2 Bedroom Apartment Available Now

164 Kendall Ave, Unit 1

164 Kendall AveIthaca, NY 14850
Furnished
  • Smoke Free
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127 College Ave
$1,500 - $2,895

Total Monthly Price

Base Rent$1,500 - $2,895
Total Monthly Price$1,500 - $2,895
Studio to 3 Bedroom Apartment Available Jun 5, 2027

127 College Ave

127 College AveIthaca, NY 14850
Furnished
  • Smoke Free
property at 308 E Seneca St
$1,450 - $1,500
Studio To 1 Bedroom Rentals
Available Aug 10, 2027
Affordability

308 E Seneca 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 103 Highland Pl
$1,595 - $5,180
Studio To 4 Bedroom Rentals
Available Jun 1, 2027
Furnished

103 Highland Pl

IthacaNY14850
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227 Linden Ave, Unit 1
$1,600

Total Monthly Price

Base Rent$1,600
Total Monthly Price$1,600
1 Bedroom Apartment Available Now

227 Linden Ave, Unit 1

227 Linden AveIthaca, NY 14850
Furnished
property at 108 2nd St
$1,600
1 Bedroom Rentals
Available Now
Affordability

108 2nd St

IthacaNY14850

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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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 $699. 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 Ithaca3x1 A73BR,1BA$699
Ravenwood ApartmentsRoom-by-Room Rentals Available at Ravenwood – U...5BR,2BA$700
407 College AveLiving in Collegetown—Made Affordable. All Util...4BR,2BA$995
Quarry St. Apartments3BR/1.0BA3BR,1BA$1,000
111 Osmun Place - See DetailsFull 5 Bedroom Apartment 25BR,1BA$1,050

Best Value Apartments for Rent in Central Business District, NY

As of September 11, 2026 the best value apartment in the Central Business District area is the $0.30 price per square foot 125 Elmira Rd Model at 125 Elmira Rd in the in the Ithaca neighborhood starting from $700. The second greatest value Central Business District apartment is the 110 S Quarry St Model at 110 S Quarry St, Unit 110 S. Quarry St. starting at $2,000 with a $0.95 price per square foot in the Western South Hill 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.
125 Elmira Rd125 Elmira Rd1BR,1BA$0.30
110 S Quarry St, Unit 110 S. Quarry St.110 S Quarry St3BR,1BA$0.95
212 Giles St Furnished Free Parking3 Bedroom 2 Bath3BR,2BA$0.43
111 Osmun Place - See DetailsFull 3 Bedroom Apartment 43BR,1BA$0.58
505 Dryden Rd505 Dryden Rd1BR,1BA$0.50
444 N Tioga St444 N Tioga St3BR,1.5BA$1.62
918 Danby Rd918 Danby Rd4BR,1BA$0.86
Cornell Housing | Furnished Suites602 Penthouse| Furnished Suite1BR,2BA$1.24
306 Stewart Ave, Unit Apt 3306 Stewart Ave4BR,1BA$0.80
The PinnacleMale Only: Private Room in Two-Bedroom, Two-Bath2BR,2BA$1.67

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 $1,050.

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

The cheapest apartment in Central Business District is Edgecliff Apartments which is listed at $1,305, while the average apartment in Central Business District costs $2,609.

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 176 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 $1,333 which is $1,276 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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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.