
Cheap Homes for Rent in Central Business District Ithaca, NY from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Business District area of Ithaca.


105 Valentine Pl

313 Wait Ave
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.

114 Ferris Place

302 Mitchell St

201 Willard Way
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.

403 Hector St
Central Business District, Ithaca, NY Local Guide

How much does it cost to rent a home in Central Business District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Business District 2 Bedroom Homes for Rent | $1,875 | $1,875 | $1,875 |
| Central Business District 3 Bedroom Homes for Rent | $2,514 | $1,900 | $4,500 |
| Central Business District 4 Bedroom Homes for Rent | $2,278 | $700 | $4,000 |
| Central Business District 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
| Central Business District 6 Bedroom Homes for Rent | $4,017 | $850 | $7,665 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Central Business District Neighborhood of Ithaca, NY.
Explore 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. 111 Osmun Place - See Details has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,050. 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 |
| 111 Osmun Place - See Details | Full 5 Bedroom Apartment 2 | 5BR,1BA | $1,050 |
| Commons West | Studio | Studio,1BA | $1,395 |
Best Value Apartments for Rent in Central Business District, NY
As of June 08, 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 |
| 116-118 Eddy St | 118 Eddy | 2BR,1BA | $1.33 |
| 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 |
| 518 W Buffalo St, Unit 2 | 518 W Buffalo St | 1BR,1BA | $1.28 |
Frequently Asked Questions about Central Business District
What type of rentals are currently available in Central Business District?
There are currently 248 Apartments for Rent in Central Business District, NY with pricing that ranges from $225 to $10,750. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Business District ranging from $700 to $7,665.
What is the current price range for Rental Homes in Central Business District?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Business District ranges from $700 to $7,665 with an average monthly rent of $2,397.
How much are larger Three and Four Bedroom Rentals in Central Business District?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Business District range from $649 to $6,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $4,500. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $689.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.