
Cheap Apartments for Rent in the Central Business District Ithaca, NY from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Business District area of Ithaca.


210 Dryden Rd

118 Schuyler Plz, Unit 1

Eddygate Park Apartments

RIDGETOP Apartments in Collegetown

The Belleayre Building
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.

209 College Ave, Unit 3

317 Hillview Pl, Unit 317HillviewPlace

969 E State St, Unit Apt

Commons West

Edgecliff Apartments

143 S Aurora St, Unit 1

143 S Aurora St
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.

114 College Ave, Unit Apt 2

318 E Seneca - Downtown Ithaca

210 N Geneva St, Unit 4

Campus Hill Apartments

1005-1007-1007 N Aurora St
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.
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.
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 | $2,002 | $1,200 | $3,339 |
Central Business District 1 Bedroom Apartments | $2,260 | $750 | $3,450 |
Central Business District 2 Bedroom Apartments | $2,673 | $960 | $5,017 |
Central Business District 3 Bedroom Apartments | $2,239 | $789 | $5,935 |
Central Business District 4 Bedroom Apartments | $2,888 | $799 | $6,000 |
Central Business District 5 Bedroom Apartments | $4,252 | $865 | $7,250 |
Central Business District 6 Bedroom Apartments | $4,560 | $3,600 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 42 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
Central Business District, Ithaca, NY Local Guide
- Nearby Ithaca neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
111 Osmun Place - See Details | Apt 3 | 1BR,1BA | $750 |
Ravenwood Apartments | 5 Bedrooms, 1 Bathroom | 5BR,1BA | $865 |
Eddygate Park Apartments | 3 Bedrooms | 3BR,1BA | $900 |
RIDGETOP Apartments in Collegetown | 1 Bedroom | 1BR,1BA | $1,200 |
Commons West | Studio | Studio,1BA | $1,395 |
Edgecliff Apartments | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1,420 |
Lakeside Vista | Parkside- 2 bedroom Cottage | 2BR,1BA | $1,429 |
The Belleayre Building | 2BD/ 1B | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
212 Giles St Townhouses-available August 2025 | 4 Bedroom | 4BR,2BA | $0.41 |
126 College Ave | 6 Bed | 6BR,2BA | $2.17 |
Dryden South | Suite 302 | 4BR,2BA | $1.17 |
115 Blair St, Unit Apt B | 115 Blair St | 3BR,1BA | $2.25 |
Campus Hill Apartments | 3 Bedroom | 3BR,1BA | $2.14 |
510 E Seneca St, Unit 3 | 510 E Seneca St | 2BR,1BA | $1.70 |
151 Chestnut St, Unit 2 | 151 Chestnut St | 2BR,1BA | $1.94 |
648 -702 Hudson St | 702 Downstairs | 3BR,2BA | $0.98 |
The Belleayre Building | 2BD/ 1B | 2BR,1BA | $2.22 |
Lakeside Vista | Parkside- 2 bedroom townhouse | 2BR,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.
Pet Friendly LifestyleCentral Business District, Ithaca, NY
Ranked #11
Among neighborhoods in Ithaca, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.

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.

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.

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.

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.