Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $700 (21 Rentals)

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

property at 710 E State St

710 E State St

IthacaNY14850

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.

property at 143 S Aurora St

143 S Aurora St

IthacaNY14850

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.

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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
2 to 3 Bedroom Apartments

109 Sage Pl

109 Sage PlIthaca, NY 14850
Furnished

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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LIV at 327 W Seneca
1 to 2 Bedroom Apartments

LIV at 327 W Seneca

327 W Seneca StIthaca, NY 14850
  • Utilities Included
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203 Williams St
Studio to 4 Bedroom Apartments

203 Williams St

203 Williams StIthaca, NY 14850
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Carey Building
2 Bedroom Apartments

Carey Building

314-320 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 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 ListingModel NameBed/BathPriced From
111 Osmun Place - See DetailsApt 31BR,1BA$750
RIDGETOP Apartments in Collegetown1 Bedroom1BR,1BA$1,200
Lansing West ApartmentsThe Otisco1BR,1BA$1,363
Ironworks IthacaA2Studio,1BA$1,975
The IthacanStudio - S2 - TStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
212 Giles St Townhouses-available August 20254 Bedroom4BR,2BA$0.41
111 Osmun Place - See Details3 Bedroom, 1 Bath - 111 Osmun3BR,1BA$0.44
Harolds SquareTwo Bed2BR,2BA$2.62
510 E Seneca St, Unit 3510 E Seneca St2BR,1BA$1.70
410 Hillview Pl, Unit c410 Hillview Pl2BR,1BA$2.30
Gateway Commons: A Travis Hyde Community1 Bedroom, 1 Bathroom1BR,1BA$2.67
317 S Aurora St, Unit 1317 S Aurora St3BR,1BA$2.88
320 Hillview Pl, Unit 2320 Hillview Pl3BR,1BA$2.60
Cayuga PlaceCayuga Lofts- Cayuga / StudioStudio ,1BA$3.62
Lansing West ApartmentsThe Otisco1BR,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.

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Pet Friendly Lifestyle
Downtown Ithaca, Ithaca, NY

Ranked #4

Among neighborhoods in Ithaca, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
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

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.

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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.