
Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $700 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ithaca area of Ithaca.


209 Stewart Ave, Unit 209

608 E Buffalo St, Unit 4

804 E Seneca St, Unit 1

408 Stewart Ave.

400 Stewart Ave
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505 E Seneca St

Commons West

Harolds Square

115 Linn St

222 N Albany St

109 Sage Pl
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203 Williams St
Downtown Ithaca, Ithaca, NY Local Guide

How much does it cost to rent an apartment in Downtown Ithaca?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Ithaca Studio Apartments | $2,099 | $1,100 | $2,794 |
| Downtown Ithaca 1 Bedroom Apartments | $2,486 | $750 | $4,332 |
| Downtown Ithaca 2 Bedroom Apartments | $3,099 | $960 | $6,119 |
| Downtown Ithaca 3 Bedroom Apartments | $2,496 | $830 | $3,850 |
| Downtown Ithaca 4 Bedroom Apartments | $2,741 | $850 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Ithaca Neighborhood of Ithaca, NY.
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Downtown Ithaca, Ithaca, NY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 601 E State St - Fully Furnished! | Building 2 6 bedroom 2 bath | 6BR,2BA | $800 |
| 408 Stewart Ave. | 408 Stewart Ave. - 5 | Studio,1BA | $1,100 |
| Commons West | Studio | Studio,1BA | $1,395 |
| City View Apartments | Y Series | Studio,1BA | $1,575 |
| Center Ithaca | 2 bedroom, 1 bathroom | 2BR,1BA | $1,815 |
Best Value Apartments for Rent in Downtown Ithaca, NY
As of January 12, 2026 the best value apartment in the Downtown Ithaca area is the $0.49 price per square foot Full 6 Bedroom Apartment 3 Model at 111 Osmun Place - See Details in the in the North Campus neighborhood starting from $875. The second greatest value Downtown Ithaca apartment is the 505 E Seneca St Model at 505 E Seneca St starting at $1,200 with a $0.80 price per square foot in the North Campus neighborhood. Here is today’s list of the best values for Downtown Ithaca apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 111 Osmun Place - See Details | Full 6 Bedroom Apartment 3 | 6BR,1BA | $0.49 |
| 505 E Seneca St | 505 E Seneca St | 1BR,2.5BA | $0.80 |
| 804 E Seneca St, Unit 1 | 804 E Seneca St | 2BR,1BA | $0.96 |
| 601 E State St - Fully Furnished! | Building 2 | 3BR,1BA | $0.97 |
| Gateway Commons: A Travis Hyde Community | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.48 |
| 136 Fayette St, Unit B | 136 Fayette St | 3BR,1BA | $2.33 |
| 114 N Aurora St, Unit B | 114 N Aurora St | 1BR,1BA | $2.19 |
| 317 S Aurora St, Unit 1 | 317 S Aurora St | 3BR,1BA | $2.38 |
| Cayuga Place | Keuka | Studio ,1BA | $3.14 |
| Center Ithaca | 2 bedroom, 1 bathroom | 2BR,1BA | $2.66 |
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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Pet Friendly LifestyleDowntown Ithaca, Ithaca, NY
Ranked #4
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,865.
What is the price of a cheap apartment in Downtown Ithaca?
The cheapest apartment in Downtown Ithaca is Commons West which is listed at $1,595, while the average apartment in Downtown Ithaca costs $4,065.
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 46 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 $1,509 which is $2,556 cheaper than the average rent for all rentals in Downtown Ithaca.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!