Cheap Apartments for Rent in the Collegetown Neighborhood of Ithaca, NY from $600 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Collegetown area of Ithaca.

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.

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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.

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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.

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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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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
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200 Highland Ave
3 to 6 Bedroom Apartments

200 Highland Ave

200 Highland AveIthaca, NY 14850

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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Collegetown, Ithaca, NY Local Guide

Cheapest Available Collegetown Apartments for Rent

 

The cheapest available apartment rental in the Collegetown area of Ithaca, NY is a Studio unit found at RIDGETOP Apartments in Collegetown priced from $225. Auden Ithaca has the second lowest priced unit, which is a 3 Beds apartment currently listed from $649. Here are the most affordable Collegetown apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
RIDGETOP Apartments in CollegetownParkingStudio,$225
Auden Ithaca02B3BR,1BA$649
The Outlook ApartmentsThe perfect 4 bedroom in brand new development!4BR,1BA$975
408 Stewart Ave.408 Stewart Ave. - 5Studio,1BA$1,100
Fairview ApartmentsManor- StudioStudio,1BA$1,319
Lakeside Vista1 Bedroom / 1 Bathroom - Whole Apartment1BR,1BA$1,359
Commons WestStudioStudio,1BA$1,395

Best Value Apartments for Rent in Collegetown, NY

As of April 10, 2026 the best value apartment in the Collegetown area is the $0.41 price per square foot 4 Beds, 2 baths Model at 212 Giles St Furnished Free Parking in the in the Western South Hill neighborhood starting from $745. The second greatest value Collegetown apartment is the Full 6 Bedroom Apartment 3 Model at 111 Osmun Place - See Details starting at $875 with a $0.49 price per square foot in the North Campus neighborhood. Here is today’s list of the best values for Collegetown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
212 Giles St Furnished Free Parking4 Beds, 2 baths4BR,2BA$0.41
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
122 Delaware Ave, Unit 1122 Delaware Ave3BR,1.5BA$1.55
921 E State St, Unit 921 E State St921 E State St5BR,2BA$0.56
West Shore Apts – Furnished & All-Inclusive3bed 1bath3BR,1BA$0.60
213 Dearborn Pl, Unit 2 Bedroom Apartment213 Dearborn Pl2BR,1BA$2.00
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
114 N Aurora St, Unit B114 N Aurora St1BR,1BA$2.19
The Belleayre Building1B/1B1BR,1BA$1.94
210 Stewart Ave, Unit 1C210 Stewart Ave1BR,1BA$1.86

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Collegetown, Ithaca, NY

Ranked #14

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Collegetown Apartments

What is a cheap apartment in Collegetown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Collegetown is under $1,395.

What is the price of a cheap apartment in Collegetown?

The cheapest apartment in Collegetown is Lakeside Vista which is listed at $1,359, while the average apartment in Collegetown costs $24,000.

What types of apartments are the cheapest in Collegetown?

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 150 regular apartments in Collegetown 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 Collegetown?

Cheap apartments in Collegetown have an average cost of $1,515 which is $22,485 cheaper than the average rent for all rentals in Collegetown.

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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.