
Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ithaca area of Ithaca.


118 Schuyler Plz, Unit 1
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

RIDGETOP Apartments in Collegetown

Lansing West Apartments

Commons West

143 S Aurora St, Unit 1

143 S Aurora St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

210 N Geneva St, Unit 4
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.
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 | $2,067 | $1,395 | $3,828 |
Downtown Ithaca 1 Bedroom Apartments | $2,548 | $750 | $4,412 |
Downtown Ithaca 2 Bedroom Apartments | $3,095 | $960 | $5,017 |
Downtown Ithaca 3 Bedroom Apartments | $2,494 | $800 | $5,935 |
Downtown Ithaca 4 Bedroom Apartments | $3,646 | $2,800 | $5,000 |
Browse Apartments in this Neighborhood
There are currently 21 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 1 Bed unit found at 111 Osmun Place - See Details priced from $750. RIDGETOP Apartments in Collegetown has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Downtown Ithaca apartments for rent in Ithaca, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
111 Osmun Place - See Details | Apt 3 | 1BR,1BA | $750 |
RIDGETOP Apartments in Collegetown | 1 Bedroom | 1BR,1BA | $1,200 |
Lansing West Apartments | The Otisco | 1BR,1BA | $1,363 |
Ironworks Ithaca | A2 | Studio,1BA | $1,975 |
The Ithacan | Studio - S2 - T | Studio,1BA | $2,219 |
Best Value Apartments for Rent in Downtown Ithaca, NY
As of May 28, 2025 the best value apartment in the Downtown Ithaca area is the $0.41 price per square foot 4 Bedroom Model at 212 Giles St Townhouses-available August 2025 in the in the Western South Hill neighborhood starting from $740. The second greatest value Downtown Ithaca apartment is the 3 Bedroom, 1 Bath - 111 Osmun Model at 111 Osmun Place - See Details starting at $800 with a $0.44 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. |
---|---|---|---|
212 Giles St Townhouses-available August 2025 | 4 Bedroom | 4BR,2BA | $0.41 |
111 Osmun Place - See Details | 3 Bedroom, 1 Bath - 111 Osmun | 3BR,1BA | $0.44 |
Harolds Square | Two Bed | 2BR,2BA | $2.62 |
510 E Seneca St, Unit 3 | 510 E Seneca St | 2BR,1BA | $1.70 |
410 Hillview Pl, Unit c | 410 Hillview Pl | 2BR,1BA | $2.30 |
Gateway Commons: A Travis Hyde Community | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.67 |
317 S Aurora St, Unit 1 | 317 S Aurora St | 3BR,1BA | $2.88 |
320 Hillview Pl, Unit 2 | 320 Hillview Pl | 3BR,1BA | $2.60 |
Cayuga Place | Cayuga Lofts- Cayuga / Studio | Studio ,1BA | $3.62 |
Lansing West Apartments | The Otisco | 1BR,1BA | $2.84 |
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.
Pet Friendly LifestyleDowntown Ithaca, Ithaca, NY
Ranked #4
Among neighborhoods in Ithaca, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $2,379.
What is the price of a cheap apartment in Downtown Ithaca?
The cheapest apartment in Downtown Ithaca is 111 Osmun Place - See Details which is listed at $750, while the average apartment in Downtown Ithaca costs $4,375.
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 3 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 $1,084 which is $3,291 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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.