Cheap Apartments for Rent in the University Hill Neighborhood of Ithaca, NY from $600 (53 Rentals)

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

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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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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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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505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished
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401 Eddy Street
2 to 3 Bedroom Apartments

401 Eddy Street

401 Eddy StIthaca, NY 14850
Student Housing
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215 College Ave
2 to 6 Bedroom Apartments

215 College Ave

215 College AveIthaca, NY 14850
  • Utilities Included

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.

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Parkside Vista
2 Bedroom Apartments

Parkside Vista

204 Fair StIthaca, NY 14850
Student Housing
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602 W Seneca St
2 Bedroom Apartments

602 W Seneca St

602 W Seneca StIthaca, NY 14850
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514 W State St
1 Bedroom Apartments

514 W State St

514 W State StIthaca, NY 14850
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222 N Albany St
2 Bedroom Apartments

222 N Albany St

222 N Albany StIthaca, NY 14850
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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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203 Williams St
Studio to 4 Bedroom Apartments

203 Williams St

203 Williams StIthaca, NY 14850
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110 Heights Ct
1 to 3 Bedroom Apartments

110 Heights Ct

110 Heights CtIthaca, NY 14850
  • Utilities Included

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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University Hill, Ithaca, NY Local Guide

Cheapest Available University Hill Apartments for Rent

 

The cheapest available apartment rental in the University Hill area of Ithaca, NY is a Studio unit found at Collegetown Terrace priced from $629. Ravenwood Apartments has the second lowest priced unit, which is a 5 Beds apartment currently listed from $700. Here are the most affordable University Hill apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
Collegetown TerraceQuarry Large Room - Shared BathStudio,$629
Ravenwood ApartmentsRoom Rental5BR,2BA$700
Auden Ithaca3x1 A63BR,1BA$789
401 Eddy Street401 Eddy Street - F3BR,1BA$800
601 E State St - Fully Furnished!Building 2 6 bedroom 2 bath6BR,2BA$800
509 Wyckoff RdOne Bedroom1BR,1BA$1,100

Best Value Apartments for Rent in University Hill, NY

As of October 27, 2025 the best value apartment in the University Hill area is the $1.40 price per square foot 506 S Cayuga St Model at 506 S Cayuga St, Unit 1 in the in the Western South Hill neighborhood starting from $2,800. The second greatest value University Hill apartment is the Full 6 Bedroom Apartment 3 Model at 111 Osmun Place - See Details starting at $875 with a $0.49 price per square foot in the North Campus neighborhood. Here is today’s list of the best values for University Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
506 S Cayuga St, Unit 1506 S Cayuga St4BR,1.5BA$1.40
111 Osmun Place - See DetailsFull 6 Bedroom Apartment 36BR,1BA$0.49
410 Hillview Plz, Unit 410AptB410 Hillview Plz3BR,1BA$1.75
All-Inclusive Living in Collegetown!6 bedroom6BR,2BA$1.06
707 N Aurora St, Unit 1707 N Aurora St3BR,1BA$1.63
702 N Aurora St, Unit 3702 N Aurora St3BR,1BA$1.70
804 E Seneca St, Unit 1804 E Seneca St2BR,1BA$0.96
806 E Seneca St, Unit 1806 E Seneca St2BR,1BA$0.95
601 E State St - Fully Furnished!Building 23BR,1BA$1.18
706 E Buffalo St, Unit 1706 E Buffalo St6BR,1BA$1.30

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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
University Hill, Ithaca, NY

Ranked #15

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
University Hill, Ithaca, NY

School data provided by Great Schools

Frequently Asked Questions about Cheap University Hill Apartments

What is a cheap apartment in University Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Hill is under $1,100.

What is the price of a cheap apartment in University Hill?

The cheapest apartment in University Hill is Collegetown Terrace which is listed at $1,095, while the average apartment in University Hill costs $24,000.

What types of apartments are the cheapest in University Hill?

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 1,978 regular apartments in University Hill 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 University Hill?

Cheap apartments in University Hill have an average cost of $1,879 which is $22,121 cheaper than the average rent for all rentals in University Hill.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.