
Cheap Apartments for Rent in the Central Business District Ithaca, NY from $600 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Business District area of Ithaca.


Auden Ithaca

Ravenwood Apartments

120 James St, Unit 1

119-121 Prospect St

410 Stewart Ave

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125 Elmira Rd

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505 Dryden Rd, Unit 3

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608 E Buffalo St

114 Ferris Place
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.

126 College Ave

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614 Stewart Ave

806 E Seneca St

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706 E Buffalo St

407 College Ave

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409 Dryden Rd, Unit 1

Quarry St. Apartments

803 E Seneca St, Unit 1

The Belleayre Building

209 College Ave
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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330 W State St, Unit 2

302 Mitchell St, Unit 302-upper 2nd3rd

607 N Cayuga St

110 College Ave

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918 Danby Rd, Unit 918 unit#1

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321 N Fulton St

Commons West

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405 Dryden Rd, Unit 4

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311 Dryden Rd, Unit 2

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127 College Ave
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.

Edgecliff Apartments

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151 Chestnut St

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105 Dryden Rd, Unit 2

313 Wait Ave

513 S Aurora St

Parkside Vista

105 Valentine Pl

505 E Seneca St

108 Stewart Ave

105 N Quarry St
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.

648 Hudson St

Hudson Heights Studios Utilities Included

Lake Street Apartments

602 W Seneca St

514 W State St

222 N Albany St

109 Sage Pl

121 Cascadilla Ave

Cayuga Lofts

203 Williams St
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.
Central Business District, Ithaca, NY Local Guide

How much does it cost to rent an apartment in Central Business District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Business District Studio Apartments | $2,145 | $225 | $3,428 |
| Central Business District 1 Bedroom Apartments | $2,297 | $800 | $3,224 |
| Central Business District 2 Bedroom Apartments | $2,856 | $899 | $5,280 |
| Central Business District 3 Bedroom Apartments | $2,704 | $699 | $10,000+ |
| Central Business District 4 Bedroom Apartments | $2,774 | $749 | $5,600 |
| Central Business District 5 Bedroom Apartments | $2,725 | $700 | $6,500 |
| Central Business District 6 Bedroom Apartments | $1,601 | $785 | $5,100 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 1 mile radius of the Central Business District Neighborhood of Ithaca, NY.
See all Apartments in IthacaExplore Ithaca
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. Ravenwood Apartments has the second lowest priced unit, which is a 5 Beds apartment currently listed from $700. Here are the most affordable Central Business District apartments for rent in Ithaca, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RIDGETOP Apartments in Collegetown | Parking | Studio, | $225 |
| Ravenwood Apartments | Room-by-Room Rentals Available at Ravenwood – U... | 5BR,2BA | $700 |
| 126 College Ave | 6 Bed | 6BR,2BA | $900 |
| 407 College Ave | Living in Collegetown—Made Affordable. All Util... | 4BR,2BA | $995 |
| 111 Osmun Place - See Details | Full 5 Bedroom Apartment 2 | 5BR,1BA | $1,050 |
Best Value Apartments for Rent in Central Business District, NY
As of July 26, 2026 the best value apartment in the Central Business District area is the $0.10 price per square foot 608 E Buffalo St Model at 608 E Buffalo St in the in the North Campus neighborhood starting from $965. The second greatest value Central Business District apartment is the 614 Stewart Ave Model at 614 Stewart Ave starting at $950 with a $0.10 price per square foot in the Ithaca neighborhood. Here is today’s list of the best values for Central Business District apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 608 E Buffalo St | 608 E Buffalo St | 5BR,2BA | $0.10 |
| 614 Stewart Ave | 614 Stewart Ave | 6BR,2BA | $0.10 |
| 212 Giles St Furnished Free Parking | 4BR 2 Bathroom | 4BR,2BA | $0.39 |
| 111 Osmun Place - See Details | Full 3 Bedroom Apartment 4 | 3BR,1BA | $0.58 |
| 126 College Ave | 6 Bed | 6BR,2BA | $0.54 |
| Ravenwood Apartments | Room-by-Room Rentals Available at Ravenwood – U... | 5BR,2BA | $0.44 |
| 503 Dryden Rd | 3 Bedrooms | 3BR,1BA | $0.57 |
| Dryden South Furnished Utilities Included! | Suite 402 | 4BR,2BA | $1.17 |
| 209 College Ave | 209 College Ave | 3BR,1BA | $1.01 |
| 806 E Seneca St | 806 E Seneca St | 5BR,1BA | $0.95 |
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 RIDGETOP Apartments in Collegetown which is listed at $1,400, while the average apartment in Central Business District costs $10,750.
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 137 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 $1,312 which is $9,438 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.