Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $700 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Ithaca 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.

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505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished
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222 N Albany St
2 Bedroom Apartments

222 N Albany St

222 N Albany StIthaca, NY 14850
  • Utilities Included
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109 Sage Pl
Studio to 3 Bedroom Apartments

109 Sage Pl

109 Sage PlIthaca, NY 14850
Furnished
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203 Williams St
Studio to 4 Bedroom Apartments

203 Williams St

203 Williams StIthaca, NY 14850

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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Showing Results 1-24, Page 1 of 1

Downtown Ithaca, Ithaca, NY Local Guide

Cheapest Available Downtown Ithaca Apartments for Rent

 

The cheapest available apartment rental in the Downtown Ithaca area of Ithaca, NY is a 6 Beds unit found at 601 E State St - Fully Furnished! priced from $800. 408 Stewart Ave. has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Downtown Ithaca apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
601 E State St - Fully Furnished!Building 2 6 bedroom 2 bath6BR,2BA$800
408 Stewart Ave.408 Stewart Ave. - 5Studio,1BA$1,100
City View ApartmentsY SeriesStudio,1BA$1,575
Center Ithaca2 bedroom, 1 bathroom2BR,1BA$1,699

Best Value Apartments for Rent in Downtown Ithaca, NY

As of October 13, 2025 the best value apartment in the Downtown Ithaca 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 Downtown Ithaca apartment is the 115 Prospect St Model at 115 Prospect St, Unit 2 starting at $2,100 with a $2.10 price per square foot in the Western South Hill neighborhood. Here is today’s list of the best values for Downtown Ithaca 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
115 Prospect St, Unit 2115 Prospect St3BR,1BA$2.10
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
806 E Seneca St, Unit 1806 E Seneca St2BR,1BA$0.95
601 E State St - Fully Furnished!Building 23BR,1BA$1.18
Gateway Commons: A Travis Hyde Community1 Bedroom, 1 Bathroom1BR,1BA$2.48
317 S Aurora St, Unit 1317 S Aurora St3BR,1BA$2.38
114 N Aurora St, Unit B114 N Aurora St1BR,1BA$2.19
706 E Buffalo St, Unit 1706 E Buffalo St6BR,1BA$1.30
Center Ithaca2 bedroom, 1 bathroom2BR,1BA$2.32

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Ithaca, Ithaca, NY

Ranked #4

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Downtown Ithaca Neighborhood in Ithaca, NY

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

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 Downtown Ithaca Apartments

What is a cheap apartment in Downtown Ithaca?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Ithaca is under $1,699.

What is the price of a cheap apartment in Downtown Ithaca?

The cheapest apartment in Downtown Ithaca is City View Apartments which is listed at $1,750, while the average apartment in Downtown Ithaca costs $7,560.

What types of apartments are the cheapest in Downtown Ithaca?

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 Downtown Ithaca 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 Downtown Ithaca?

Cheap apartments in Downtown Ithaca have an average cost of $663 which is $6,897 cheaper than the average rent for all rentals in Downtown Ithaca.

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.

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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! 

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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.

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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.

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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.