Cheap Apartments for Rent in the Collegetown Neighborhood of Ithaca, NY from $600 (58 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
property at 718 Hudson St

718 Hudson St

IthacaNY14850

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.

Read Article
close
View Me
505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished
close
View Me
401 Eddy Street
2 to 3 Bedroom Apartments

401 Eddy Street

401 Eddy StIthaca, NY 14850
Student Housing
close
View Me
648 Hudson St
3 Bedroom Apartments

648 Hudson St

648 Hudson StIthaca, NY 14850
  • Utilities Included
close
View Me
215 College Ave
2 to 6 Bedroom Apartments

215 College Ave

215 College AveIthaca, NY 14850
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

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 Collegetown Terrace priced from $629. Ravenwood Apartments has the second lowest priced unit, which is a 5 Beds apartment currently listed from $700. Here are the most affordable Collegetown apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
Collegetown TerraceQuarry Large Room - Shared BathStudio,$629
Ravenwood ApartmentsRoom Rental5BR,2BA$700
Auden Ithaca3x1 A63BR,1BA$789
401 Eddy Street401 Eddy Street - F3BR,1BA$800

Best Value Apartments for Rent in Collegetown, NY

As of October 06, 2025 the best value apartment in the Collegetown area is the $0.50 price per square foot 127 Catherine St Model at 127 Catherine St, Unit 1 in the in the North Campus neighborhood starting from $999. The second greatest value Collegetown apartment is the 506 S Cayuga St Model at 506 S Cayuga St, Unit 1 starting at $2,800 with a $1.40 price per square foot in the Western South Hill 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.
127 Catherine St, Unit 1127 Catherine St1BR,1BA$0.50
506 S Cayuga St, Unit 1506 S Cayuga St4BR,1.5BA$1.40
137 Honness Ln, Unit A137 Honness Ln1BR,1BA$0.77
All-Inclusive Living in Collegetown!6 bedroom6BR,2BA$1.06
805 E Seneca St, Unit 5805 E Seneca St4BR,1BA$0.90
806 E Seneca St, Unit 1806 E Seneca St2BR,1BA$0.95
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
601 E State St - Fully Furnished!Building 23BR,1BA$1.18
648 -702 Hudson St648 3 Bedroom3BR,1BA$0.99
706 E Buffalo St, Unit 1706 E Buffalo St6BR,1BA$1.30

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Collegetown, Ithaca, NY

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Collegetown Neighborhood in Ithaca, NY

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $800.

What is the price of a cheap apartment in Collegetown?

The cheapest apartment in Collegetown is Collegetown Terrace which is listed at $1,095, 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 2,021 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 $1,906 which is $22,094 cheaper than the average rent for all rentals in Collegetown.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.