
Cheap Apartments for Rent in the Central Business District Ithaca, NY from $600 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Business District area of Ithaca.


119-121 Prospect St

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137 Coddington Rd, Unit 2

120 James St, Unit 1

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410 Stewart Ave

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1006 N Aurora St

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608 E Buffalo St

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118 Schuyler Plz, Unit 1

114 Ferris Place
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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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505 Dryden Rd

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614 Stewart Ave

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409 Dryden Rd, Unit 1

101 N Quarry St

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Hudson Heights Studios Utilities Included

601 E State St

The Belleayre Building

209 College Ave

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330 W State St, Unit 2
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.

201 Willard Way

302 Mitchell St

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321 Dryden Rd, Unit 3

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223 Linden Ave, Unit 5

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518 W Buffalo St, Unit 2

607 N Cayuga St

129 College Ave

Commons West

110 College Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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164 Kendall Ave, Unit 1

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317 S Aurora St, Unit 4

403 Hector St

Edgecliff Apartments

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151 Chestnut St

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311 Dryden Rd, Unit 2

Parkside Vista

313 Wait Ave

105 Valentine Pl
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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.

505 E Seneca St

648 Hudson St

105 N Quarry St

Lake Street Apartments

602 W Seneca St

514 W State St

222 N Albany St

109 Sage Pl

Cayuga Lofts
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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.

203 Williams St

Harolds Square

109 Cook St

318 E Seneca St
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 | $1,910 | $225 | $3,670 |
| Central Business District 1 Bedroom Apartments | $2,377 | $655 | $4,019 |
| Central Business District 2 Bedroom Apartments | $2,954 | $1,450 | $5,855 |
| Central Business District 3 Bedroom Apartments | $2,865 | $649 | $6,000 |
| Central Business District 4 Bedroom Apartments | $3,353 | $689 | $7,200 |
| Central Business District 5 Bedroom Apartments | $3,100 | $925 | $6,500 |
| Central Business District 6 Bedroom Apartments | $2,278 | $785 | $5,100 |
Browse Apartments in this Neighborhood
There are currently 49 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. 101 N Quarry St has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,000. 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 |
| 101 N Quarry St | 3BR/1.0BA | 3BR,1BA | $1,000 |
| 111 Osmun Place - See Details | Full 5 Bedroom Apartment 2 | 5BR,1BA | $1,050 |
| Commons West | Studio | Studio,1BA | $1,395 |
| Lakeside Vista | 2 Bedroom / 1 Bathroom - Whole Apartment | 2BR,1BA | $1,539 |
Best Value Apartments for Rent in Central Business District, NY
As of June 11, 2026 the best value apartment in the Central Business District area is the $0.09 price per square foot 614 Stewart Ave Model at 614 Stewart Ave in the in the North Campus neighborhood starting from $925. The second greatest value Central Business District apartment is the 608 E Buffalo St Model at 608 E Buffalo St starting at $965 with a $0.10 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 614 Stewart Ave | 614 Stewart Ave | 5BR,2BA | $0.09 |
| 608 E Buffalo St | 608 E Buffalo St | 5BR,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 |
| 505 Dryden Rd | 505 Dryden Rd | 4BR,1BA | $0.58 |
| 503 Dryden Rd | 3 Bedrooms | 3BR,1BA | $0.57 |
| 513 S Albany St, Unit 513 | 513 S Albany St | 3BR,1.5BA | $1.54 |
| Dryden South Furnished Utilities Included! | Suite 402 | 4BR,2BA | $1.17 |
| 101 N Quarry St | 3BR/1.0BA | 3BR,1BA | $0.87 |
| 112 S Plain St, Unit Owner Suite | 112 S Plain St | 1BR,1BA | $1.65 |
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 $1,539.
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 143 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 $1,628 which is $9,122 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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.