Most Affordable Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are Northeast Ithaca, Cayuga Heights, and East Ithaca. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of October 29, 2025, the average rent in Ithaca is $1,859, which is 1.4% lower 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
$1,724/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
0/100
Units Available
62 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Northeast Ithaca. The average rent is $1,724, compared to the city average of $1,859. Rent prices have decreased by 0.2%. Northeast Ithaca is convenient to Corners Community Center, Village Green Shopping Center, and Cornell University. The community is car-dependent with a WalkScore® of 37.
Cayuga Heights
Average Rent
$2,097/Month
Year-Over-Year Rent Change
6.5%
TransitScore® Rating
0/100
Units Available
23 Rentals
Cayuga Heights is an affordable neighborhood in Ithaca with an average rent price of $2,097. Compare this to the city average of $1,859. In the past year, rent prices have increased by 6.5%. Cayuga Heights provides easy access to Fuertes Observatory, Ithaca College, and Alan Treman State Marine Park. It’s a car-dependent neighborhood with a WalkScore® of 39.
East Ithaca
Average Rent
$2,114/Month
Year-Over-Year Rent Change
5.9%
TransitScore® Rating
0/100
Units Available
377 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 $2,114, while the city’s average stands at $1,859. In the last year, prices have decreased by 5.9%. East Ithaca is near Buttermilk Falls State Park, East Hill Plaza, and Elmira/Corning Regional.
Ithaca
Average Rent
$2,150/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
644 Rentals
Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ithaca is $2,150 while the city average is $1,859. This is a 0.4% difference from last year. Residents enjoy convenient access to Cornell Plantations, Sciencenter, and Keuka College. The neighborhood is considered walkable with a WalkScore® of 76.
Collegetown
Average Rent
$2,160/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
0/100
Units Available
538 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Collegetown. The average rent is $2,160, compared to the city average of $1,859. Rent prices have increased by 2.7%. Collegetown is convenient to Ithaca College, Cornell Plantations, and Sciencenter. The community is walkable with a WalkScore® of 91.
Downtown Ithaca
Average Rent
$2,435/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
0/100
Units Available
46 Rentals
Downtown Ithaca is an affordable neighborhood in Ithaca with an average rent price of $2,435. Compare this to the city average of $1,859. In the past year, rent prices have decreased by 3.1%. Downtown Ithaca provides easy access to Elmira/Corning Regional, Ithaca College, and Keuka College. It’s a walkable neighborhood with a WalkScore® of 98.
Ithaca Downtown Historic District
Average Rent
$2,446/Month
TransitScore® Rating
0/100
Units Available
45 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Ithaca Downtown Historic District might be the perfect place! It has an average rent price of $2,446, while the city’s average stands at $1,859. Ithaca Downtown Historic District is near Alan Treman State Marine Park, Ithaca Tompkins International, and Newman Arboretum.
Northwest Ithaca
Average Rent
$2,521/Month
Year-Over-Year Rent Change
10.8%
TransitScore® Rating
0/100
Units Available
45 Rentals
Northwest Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northwest Ithaca is $2,521 while the city average is $1,859. This is a -10.8% difference from last year. Residents enjoy convenient access to Creekside Plaza, Cornell Plantations, and Keuka College. The neighborhood is considered car-dependent with a WalkScore® of 6.
Dewitt Historic District
Average Rent
$2,594/Month
TransitScore® Rating
0/100
Units Available
15 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Dewitt Historic District. The average rent is $2,594, compared to the city average of $1,859. Dewitt Historic District is convenient to Sciencenter, Co-Op Shopping Center, and Ithaca Shopping Plaza. 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.