Cheap Apartments for Rent in the Central Business District Ithaca, NY from $700 (42 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 710 E State St

710 E State St

IthacaNY14850

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.

property at 143 S Aurora St

143 S Aurora St

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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505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished
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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
  • 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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Parkside Vista
2 Bedroom Apartments

Parkside Vista

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

514 W State St

514 W State StIthaca, NY 14850
  • Utilities Included
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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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222 N Albany St
2 Bedroom Apartments

222 N Albany St

222 N Albany StIthaca, NY 14850
  • Utilities Included
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109 Sage Pl
2 to 3 Bedroom Apartments

109 Sage Pl

109 Sage PlIthaca, NY 14850
Furnished
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LIV at 327 W Seneca
1 to 2 Bedroom Apartments

LIV at 327 W Seneca

327 W Seneca 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

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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Carey Building
2 Bedroom Apartments

Carey Building

314-320 E State StIthaca, NY 14850
  • Utilities Included
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Collegetown Center
Studio to 2 Bedroom Apartments

Collegetown Center

147-159 Dryden RdIthaca, NY 14850
Student Housing
  • Utilities Included

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 1 Bed unit found at 111 Osmun Place - See Details priced from $750. Ravenwood Apartments has the second lowest priced unit, which is a 5 Beds apartment currently listed from $865. Here are the most affordable Central Business District apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
111 Osmun Place - See DetailsApt 31BR,1BA$750
Ravenwood Apartments5 Bedrooms, 1 Bathroom5BR,1BA$865
Eddygate Park Apartments3 Bedrooms3BR,1BA$900
RIDGETOP Apartments in Collegetown1 Bedroom1BR,1BA$1,200
Commons WestStudioStudio,1BA$1,395
Edgecliff Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1,420
Lakeside VistaParkside- 2 bedroom Cottage2BR,1BA$1,429
The Belleayre Building2BD/ 1B2BR,1BA$1,600

Best Value Apartments for Rent in Central Business District, NY

As of June 05, 2025 the best value apartment in the Central Business District area is the $0.41 price per square foot 4 Bedroom Model at 212 Giles St Townhouses-available August 2025 in the in the Western South Hill neighborhood starting from $740. The second greatest value Central Business District apartment is the 6 Bed Model at 126 College Ave starting at $3,600 with a $2.17 price per square foot in the Central Business District 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 Townhouses-available August 20254 Bedroom4BR,2BA$0.41
126 College Ave6 Bed6BR,2BA$2.17
Dryden SouthSuite 3024BR,2BA$1.17
115 Blair St, Unit Apt B115 Blair St3BR,1BA$2.25
Campus Hill Apartments3 Bedroom3BR,1BA$2.14
510 E Seneca St, Unit 3510 E Seneca St2BR,1BA$1.70
151 Chestnut St, Unit 2151 Chestnut St2BR,1BA$1.94
648 -702 Hudson St702 Downstairs3BR,2BA$0.98
The Belleayre Building2BD/ 1B2BR,1BA$2.22
Lakeside VistaParkside- 2 bedroom townhouse2BR,1BA$2.38

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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Pet Friendly Lifestyle
Central Business District, Ithaca, NY

Ranked #11

Among neighborhoods in Ithaca, NY 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 $1,600.

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

The cheapest apartment in Central Business District is 111 Osmun Place - See Details which is listed at $750, while the average apartment in Central Business District costs $4,375.

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 31 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 $1,356 which is $3,019 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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.