Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $700 (17 Rentals)

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

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118 Schuyler Plz, Unit 1
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925
3 Bedroom Apartment Available Aug 1

118 Schuyler Plz, Unit 1

118 Schuyler PlzIthaca, NY 14850
Furnished
  • Smoke Free

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506 S Cayuga St, Unit 2
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200
2 Bedroom Apartment Available Aug 7

506 S Cayuga St, Unit 2

506 S Cayuga StIthaca, NY 14850
Furnished

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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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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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.

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203 Williams St
Studio to 4 Bedroom Apartments

203 Williams St

203 Williams StIthaca, NY 14850
Student Housing
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Harolds Square
Studio to 2 Bedroom Apartments

Harolds Square

125 E State 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 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
Commons WestStudioStudio,1BA$1,395
City View ApartmentsY SeriesStudio,1BA$1,575
400 Stewart Ave1 Bed 1 Bath1BR,1BA$1,700

Best Value Apartments for Rent in Downtown Ithaca, NY

As of February 27, 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 $1,050 with a $0.70 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 ListingModel NameBed/BathPrice Per Sq.Ft.
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
505 E Seneca St505 E Seneca St1BR,2.5BA$0.70
601 E State St - Fully Furnished!Building 1 4 bedroom 2 bath4BR,2BA$0.77
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
513 S Albany St, Unit 513513 S Albany St3BR,1.5BA$2.30
806 E Seneca St806 E Seneca St5BR,1BA$0.95
Gateway Commons: A Travis Hyde Community1 Bedroom, 1 Bathroom1BR,1BA$2.48
136 Fayette St, Unit B136 Fayette St3BR,1BA$2.17
114 N Aurora St, Unit B114 N Aurora St1BR,1BA$2.19
706 E Buffalo St706 E Buffalo St3BR,1BA$1.30

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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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.

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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 #4

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

Pet Friendliness Lifestyle Score

3.0
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 $1,700.

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 $3,200.

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 77 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 $1,514 which is $1,686 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.