Cheap Homes for Rent in Collegetown Neighborhood of Ithaca, NY from $700 (11 Rentals)

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

property at 120 James St

$765

4 Bedroom, 2 Bath Townhome for Rent

Available Aug 5, 2026

120 James St, Unit 1

120 James St
IthacaNY14850
property at 5 Charles St

$805

3 Bedroom, 2 Bath Townhome for Rent

Available Aug 5, 2026

5 Charles St

IthacaNY14850

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.

property at 114 Ferris Place

$925

6 Bedroom, 2 Bath Home for Rent

Available Aug 8, 2026

114 Ferris Place

IthacaNY14850

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.

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. 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
Collegetown TerraceQuarry Large Room - Shared BathStudio,$629
Auden Ithaca3x1 A63BR,1BA$649
Ravenwood ApartmentsRoom Rental5BR,2BA$700
601 E State St - Fully Furnished!Building 2 6 bedroom 2 bath6BR,2BA$800
127-129 Eddy Streetstudio 129 BFStudio,1BA$1,075

Best Value Apartments for Rent in Collegetown, NY

As of December 27, 2025 the best value apartment in the Collegetown area is the $1.40 price per square foot 506 S Cayuga St Model at 506 S Cayuga St, Unit 1 in the in the Western South Hill neighborhood starting from $2,800. 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.
506 S Cayuga St, Unit 1506 S Cayuga St4BR,1.5BA$1.40
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
Eddygate Park ApartmentsRoom Rental1BR,1BA$0.68
513 S Albany St, Unit 513513 S Albany St3BR,1.5BA$2.30
702 N Aurora St, Unit 3702 N Aurora St3BR,1BA$1.70
115 Prospect St, Unit 2115 Prospect St3BR,1BA$2.10
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
601 E State St - Fully Furnished!Building 23BR,1BA$0.97
414 E Lincoln St, Unit 2414 E Lincoln St2BR,1BA$2.31
114 N Aurora St, Unit B114 N Aurora St1BR,1BA$2.19

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
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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.

Read Article
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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 Collegetown

What type of rentals are currently available in Collegetown?

There are currently 264 Apartments for Rent in Collegetown, NY with pricing that ranges from $629 to $24,000. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Collegetown ranging from $750 to $5,000.

What is the current price range for Rental Homes in Collegetown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Collegetown ranges from $750 to $5,000 with an average monthly rent of $1,872.

How much are larger Three and Four Bedroom Rentals in Collegetown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Collegetown range from $649 to $5,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $805 to $4,950. Four Bedroom Single-Family rentals are also available starting from $765 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!