Most Affordable Neighborhoods in Ithaca, NY

Some of the cheapest neighborhoods in Ithaca are Northwest Ithaca, East Ithaca, and Northeast Ithaca. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Ithaca is $1,838, which is 0.6% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Northwest Ithaca

Average Rent

$1,469/Month

Year-Over-Year Rent Change

2%

TransitScore® Rating

0/100

Units Available

4 Rentals

When you’re looking for a great Ithaca neighborhood on a budget, check out Northwest Ithaca. The average rent is $1,469, compared to the city average of $1,838. Rent prices have decreased by 2%. Northwest Ithaca is convenient to Ithaca Shopping Plaza, Cornell Plantations, and Fuertes Observatory. The community is car-dependent with a WalkScore® of 6.

Apartments for Rent in Northwest Ithaca Northwest Ithaca Cheap Apartments Northwest Ithaca Low Income Apartments

East Ithaca

Average Rent

$1,661/Month

Year-Over-Year Rent Change

2.7%

TransitScore® Rating

0/100

Units Available

18 Rentals

East Ithaca is an affordable neighborhood in Ithaca with an average rent price of $1,661. Compare this to the city average of $1,838. In the past year, rent prices have decreased by 2.7%. East Ithaca provides easy access to Fuertes Observatory, East Hill Plaza, and Ithaca Tompkins International. It’s a car-dependent neighborhood with a WalkScore® of 48.

Apartments for Rent in East Ithaca East Ithaca Cheap Apartments

Northeast Ithaca

Average Rent

$1,674/Month

Year-Over-Year Rent Change

7.2%

TransitScore® Rating

0/100

Units Available

127 Rentals

If you’re looking for a great, affordable neighborhood in Ithaca, Northeast Ithaca might be the perfect place! It has an average rent price of $1,674, while the city’s average stands at $1,838. In the last year, prices have increased by 7.2%. Northeast Ithaca is near Ithaca College, Village Green Shopping Center, and Elmira/Corning Regional.

Apartments for Rent in Northeast Ithaca Northeast Ithaca Cheap Apartments

Ithaca/Elmira

Average Rent

$1,737/Month

Units Available

81 Rentals

Ithaca/Elmira is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ithaca/Elmira is $1,737 while the city average is $1,838.

Cayuga Heights

Average Rent

$1,818/Month

Year-Over-Year Rent Change

4.6%

TransitScore® Rating

0/100

Units Available

33 Rentals

When you’re looking for a great Ithaca neighborhood on a budget, check out Cayuga Heights. The average rent is $1,818, compared to the city average of $1,838. Rent prices have increased by 4.6%. Cayuga Heights is convenient to Fuertes Observatory, Cornell Plantations, and Corners Community Center. The community is car-dependent with a WalkScore® of 39.

Apartments for Rent in Cayuga Heights Cayuga Heights Cheap Apartments

Collegetown

Average Rent

$1,928/Month

Year-Over-Year Rent Change

2%

TransitScore® Rating

0/100

Units Available

56 Rentals

Collegetown is an affordable neighborhood in Ithaca with an average rent price of $1,928. Compare this to the city average of $1,838. In the past year, rent prices have increased by 2%. Collegetown provides easy access to Alan Treman State Marine Park, Sciencenter, and SUNY Cortland. It’s a walkable neighborhood with a WalkScore® of 91.

Apartments for Rent in Collegetown Collegetown Cheap Apartments

South Hill Ithaca

Average Rent

$2,000/Month

Year-Over-Year Rent Change

1.1%

TransitScore® Rating

0/100

Units Available

1 Rentals

If you’re looking for a great, affordable neighborhood in Ithaca, South Hill Ithaca might be the perfect place! It has an average rent price of $2,000, while the city’s average stands at $1,838. In the last year, prices have increased by 1.1%. South Hill Ithaca is near Ithaca Tompkins International, Buttermilk Falls Plaza, and South Meadow Square.

Apartments for Rent in South Hill Ithaca South Hill Ithaca Cheap Apartments

Ithaca

Average Rent

$2,154/Month

Year-Over-Year Rent Change

1.2%

TransitScore® Rating

0/100

Units Available

242 Rentals

Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ithaca is $2,154 while the city average is $1,838. This is a 1.2% difference from last year. Residents enjoy convenient access to Newman Arboretum, Creekside Plaza, and Ithaca Tompkins International. The neighborhood is considered walkable with a WalkScore® of 76.

Apartments for Rent in Ithaca Ithaca Cheap Apartments Ithaca Low Income Apartments

Downtown Ithaca

Average Rent

$2,504/Month

Year-Over-Year Rent Change

4%

TransitScore® Rating

0/100

Units Available

127 Rentals

When you’re looking for a great Ithaca neighborhood on a budget, check out Downtown Ithaca. The average rent is $2,504, compared to the city average of $1,838. Rent prices have decreased by 4%. Downtown Ithaca is convenient to Elmira/Corning Regional, SUNY Cortland, and Co-Op Shopping Center. The community is walkable with a WalkScore® of 98.

Apartments for Rent in Downtown Ithaca Downtown Ithaca Cheap Apartments

Ready to make your move to Ithaca? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!

Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.