
Cheap Apartments for Rent in the Downtown Ithaca Neighborhood of Ithaca, NY from $600 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ithaca area of Ithaca.


120 James St, Unit 1

410 Stewart Ave

Total Monthly Price
608 E Buffalo St

114 Ferris Place

806 E Seneca St

Total Monthly Price
706 E Buffalo St
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Quarry St. Apartments

803 E Seneca St, Unit 1

Total Monthly Price
330 W State St, Unit 2

Commons West

513 S Aurora St

505 E Seneca St

108 Stewart Ave
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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.

105 N Quarry St

121 Cascadilla Ave

222 N Albany St

109 Sage Pl

Cayuga Lofts

203 Williams St

Harolds Square
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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 | $2,171 | $1,395 | $2,679 |
| Downtown Ithaca 1 Bedroom Apartments | $2,398 | $785 | $3,199 |
| Downtown Ithaca 2 Bedroom Apartments | $2,965 | $950 | $4,183 |
| Downtown Ithaca 3 Bedroom Apartments | $2,859 | $650 | $3,900 |
| Downtown Ithaca 4 Bedroom Apartments | $3,260 | $825 | $4,600 |
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 5 Beds unit found at 111 Osmun Place - See Details priced from $1,050. Commons West has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. 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 | Full 5 Bedroom Apartment 2 | 5BR,1BA | $1,050 |
| Commons West | Studio | Studio,1BA | $1,395 |
| City View Apartments | Y Series | Studio,1BA | $1,575 |
| 400 Stewart Ave | 1 Bed 1 Bath | 1BR,1BA | $1,675 |
| Center Ithaca | 2BR/1.0BA | 2BR,1BA | $1,910 |
Best Value Apartments for Rent in Downtown Ithaca, NY
As of July 21, 2026 the best value apartment in the Downtown Ithaca area is the $0.10 price per square foot 608 E Buffalo St Model at 608 E Buffalo St in the in the North Campus neighborhood starting from $965. The second greatest value Downtown Ithaca apartment is the 4BR 2 Bathroom Model at 212 Giles St Furnished Free Parking starting at $700 with a $0.39 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 608 E Buffalo St | 608 E Buffalo St | 5BR,2BA | $0.10 |
| 212 Giles St Furnished Free Parking | 4BR 2 Bathroom | 4BR,2BA | $0.39 |
| 111 Osmun Place - See Details | Full 3 Bedroom Apartment 4 | 3BR,1BA | $0.58 |
| Gateway Commons | 3BR/2.0BA | 3BR,2BA | $2.02 |
| 431 N Cayuga St, Unit 2 | 431 N Cayuga St | 3BR,1BA | $2.16 |
| The Dean | 2 Bedroom 1.5 Bath – 1,130 | 2BR,1.5BA | $3.32 |
| 806 E Seneca St | 806 E Seneca St | 5BR,1BA | $0.95 |
| 706 E Buffalo St | 706 E Buffalo St | 3BR,1BA | $1.30 |
| Center Ithaca | 2BR/1.0BA | 2BR,1BA | $2.63 |
| Cayuga Place | Cayuga Lofts- Cayuga | Studio ,2BA | $3.32 |
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.
Read ArticleReal 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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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 #1
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $2,262.
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 $10,750.
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 116 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 $1,642 which is $9,108 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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.