Most Affordable Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are Northeast Ithaca, East Ithaca, and Collegetown. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of September 13, 2025, the average rent in Ithaca is $1,844, which is 1.3% 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.
Northeast Ithaca
Average Rent
$1,817/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
0/100
Units Available
57 Rentals
Northeast Ithaca is an affordable neighborhood in Ithaca with an average rent price of $1,817. Compare this to the city average of $1,844. In the past year, rent prices have decreased by 1.5%. Northeast Ithaca provides easy access to Sapsucker Woods Sanctuary, Keuka College, and SUNY Cortland. It’s a car-dependent neighborhood with a WalkScore® of 37.
East Ithaca
Average Rent
$1,892/Month
Year-Over-Year Rent Change
7.9%
TransitScore® Rating
0/100
Units Available
387 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, East Ithaca might be the perfect place! It has an average rent price of $1,892, while the city’s average stands at $1,844. In the last year, prices have decreased by 7.9%. East Ithaca is near East Hill Plaza, SUNY Cortland, and Cornell Plantations.
Collegetown
Average Rent
$1,935/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
476 Rentals
Collegetown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Collegetown is $1,935 while the city average is $1,844. This is a 1% difference from last year. Residents enjoy convenient access to Alan Treman State Marine Park, East Hill Plaza, and Keuka College. The neighborhood is considered walkable with a WalkScore® of 91.
Ithaca
Average Rent
$1,939/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
0/100
Units Available
539 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Ithaca. The average rent is $1,939, compared to the city average of $1,844. Rent prices have increased by 1.4%. Ithaca is convenient to Ithaca College, Fuertes Observatory, and Cornell University. The community is walkable with a WalkScore® of 76.
Cayuga Heights
Average Rent
$2,277/Month
Year-Over-Year Rent Change
10.1%
TransitScore® Rating
0/100
Units Available
14 Rentals
Cayuga Heights is an affordable neighborhood in Ithaca with an average rent price of $2,277. Compare this to the city average of $1,844. In the past year, rent prices have increased by 10.1%. Cayuga Heights provides easy access to Newman Arboretum, Corners Community Center, and Cornell Plantations. It’s a car-dependent neighborhood with a WalkScore® of 39.
Downtown Ithaca
Average Rent
$2,479/Month
TransitScore® Rating
0/100
Units Available
46 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Downtown Ithaca might be the perfect place! It has an average rent price of $2,479, while the city’s average stands at $1,844. In the last year, prices have decreased by 0%. Downtown Ithaca is near Cornell Plantations, Ithaca Shopping Plaza, and SUNY Cortland.
Ithaca Downtown Historic District
Average Rent
$2,491/Month
TransitScore® Rating
0/100
Units Available
45 Rentals
Ithaca Downtown Historic District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ithaca Downtown Historic District is $2,491 while the city average is $1,844. Residents enjoy convenient access to Cornell Plantations, Newman Arboretum, and Elmira/Corning Regional. The neighborhood is considered walkable with a WalkScore® of 98.
Dewitt Historic District
Average Rent
$2,845/Month
TransitScore® Rating
0/100
Units Available
18 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Dewitt Historic District. The average rent is $2,845, compared to the city average of $1,844. Dewitt Historic District is convenient to Elmira/Corning Regional, Ithaca College, and Newman Arboretum. The community is walkable with a WalkScore® of 98.
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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.