Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $700 (44 Rentals)

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

property at 220 Pleasant St
$695

Total Monthly Price

Base Rent$695

Total Monthly Price$695
3 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

220 Pleasant St

IthacaNY14850
property at 445 N Tioga St
$700 - $2,100
3 Bedroom Rentals
Available Now
Furnished

445 N Tioga St

IthacaNY14850
property at 112 -114 Ferris Place
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
5 Bedroom, 2 Bath Townhome for Rent
Available Jan 15, 2027
Furnished
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 112 Hudson St
$1,175 - $1,750
1 To 2 Bedroom Rentals
Available Now
Affordability

112 Hudson St

IthacaNY14850
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509 E Buffalo St
$1,265 - $1,950

Total Monthly Price

Base Rent$1,265 - $1,950

Total Monthly Price$1,265 - $1,950
Studio to 2 Bedroom Apartment Available Aug 8, 2027

509 E Buffalo St

509 E Buffalo StIthaca, NY 14850
Furnished
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 308 E Seneca St
$1,450 - $1,500
Studio To 1 Bedroom Rentals
Available Aug 10, 2027
Affordability

308 E Seneca St

IthacaNY14850
property at 103 Highland Pl
$1,595 - $5,180
Studio To 4 Bedroom Rentals
Available Jun 1, 2027
Furnished

103 Highland Pl

IthacaNY14850

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 108 2nd St
$1,600
1 Bedroom Rentals
Available Now
Affordability

108 2nd St

IthacaNY14850
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505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished

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.

property at 105 N Quarry St
$800 - $825
5 Bedroom Rentals
Available Jan 1, 2027
Furnished

105 N Quarry St

IthacaNY14850
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232 S. Geneva St
1 to 10 Bedroom Apartments

232 S. Geneva St

232 S Geneva StIthaca, NY 14850
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Commons West
Studio to 3 Bedroom Apartments

Commons West

101-107 E State StIthaca, NY 14850
  • Utilities Included
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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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Cayuga Lofts
Studio to 2 Bedroom Apartments

Cayuga Lofts

217 S Cayuga StIthaca, NY 14850
Student Housing
  • Utilities Included

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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Harolds Square
Studio to 2 Bedroom Apartments

Harolds Square

125 E State StIthaca, NY 14850
  • Utilities Included
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318 E Seneca St
1 to 2 Bedroom Apartments

318 E Seneca St

318 E Seneca StIthaca, NY 14850
  • Utilities Included
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LIV at 327 W Seneca
Studio to 2 Bedroom Apartments

LIV at 327 W Seneca

327 W Seneca StIthaca, NY 14850
  • Utilities Included

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 3 Beds unit found at Quarry St. Apartments priced from $1,000. 111 Osmun Place - See Details has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,050. Here are the most affordable Downtown Ithaca apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
Quarry St. Apartments3BR/1.0BA3BR,1BA$1,000
111 Osmun Place - See DetailsFull 5 Bedroom Apartment 25BR,1BA$1,050
City View ApartmentsY SeriesStudio,1BA$1,575
400 Stewart Ave1 Bed 1 Bath1BR,1BA$1,675
Center Ithaca1BR/1.0BA1BR,1BA$1,845
115 James St2BR/1.5BA2BR,1BA$1,950
Quarry Street Homes3BR/1.0BA3BR,1BA$2,000

Best Value Apartments for Rent in Downtown Ithaca, NY

As of September 11, 2026 the best value apartment in the Downtown Ithaca area is the $0.95 price per square foot 110 S Quarry St Model at 110 S Quarry St, Unit 110 S. Quarry St. in the in the Western South Hill neighborhood starting from $2,000. The second greatest value Downtown Ithaca apartment is the 3 Bedroom 2 Bath Model at 212 Giles St Furnished Free Parking starting at $780 with a $0.43 price per square foot in the Ithaca 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.
110 S Quarry St, Unit 110 S. Quarry St.110 S Quarry St3BR,1BA$0.95
212 Giles St Furnished Free Parking3 Bedroom 2 Bath3BR,2BA$0.43
111 Osmun Place - See DetailsFull 3 Bedroom Apartment 43BR,1BA$0.58
Gateway Commons3BR/2.0BA3BR,2BA$2.02
302 Stewart Ave, Unit 302302 Stewart Ave3BR,1BA$1.70
444 N Tioga St444 N Tioga St3BR,1.5BA$1.62
118 Schuyler Plz, Unit 2118 Schuyler Plz3BR,1BA$2.13
306 Stewart Ave, Unit Apt 3306 Stewart Ave4BR,1BA$0.80
Theory Ithaca2 Bedroom2BR,2BA$2.22
210 N Geneva St, Unit 3210 N Geneva St1BR,1BA$2.57

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Downtown Ithaca, Ithaca, NY

Ranked #5

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 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 $2,000.

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

The cheapest apartment in Downtown Ithaca is 400 Stewart Ave which is listed at $1,675, while the average apartment in Downtown Ithaca costs $2,604.

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 86 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 $1,048 which is $1,556 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.