Cheapest Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are Northeast Ithaca, Cayuga Heights, and Collegetown. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of July 28, 2026, the average rent in Ithaca is $1,827, which is 2.9% 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
$1,591/Month
Year-Over-Year Rent Change
4.9%
Units Available
84 Rentals
Northeast Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Ithaca is $1,591 while the city average is $1,827. This is a 4.9% difference from last year. Residents enjoy convenient access to Elmira/Corning Regional, Elmira College, and Fuertes Observatory.
Cayuga Heights
Average Rent
$1,684/Month
Year-Over-Year Rent Change
12.5%
Units Available
24 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Cayuga Heights. The average rent is $1,684, compared to the city average of $1,827. Rent prices have decreased by 12.5%. Cayuga Heights is convenient to SUNY Cortland, Fuertes Observatory, and Cornell Plantations.
Collegetown
Average Rent
$1,883/Month
Year-Over-Year Rent Change
1%
Units Available
39 Rentals
Collegetown is an affordable neighborhood in Ithaca with an average rent price of $1,883. Compare this to the city average of $1,827. In the past year, rent prices have decreased by 1%. Collegetown provides easy access to Sciencenter, Cornell University, and Elmira/Corning Regional.
Ithaca
Average Rent
$2,155/Month
Year-Over-Year Rent Change
2.2%
Units Available
179 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Ithaca might be the perfect place! It has an average rent price of $2,155, while the city’s average stands at $1,827. In the last year, prices have increased by 2.2%. Ithaca is near Elmira/Corning Regional, Alan Treman State Marine Park, and Ithaca Tompkins International.
Henry St. John Historic District
Average Rent
$2,278/Month
Units Available
11 Rentals
Henry St. John Historic District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Henry St. John Historic District is $2,278 while the city average is $1,827.
Downtown Ithaca
Average Rent
$2,454/Month
Year-Over-Year Rent Change
5.7%
Units Available
73 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Downtown Ithaca. The average rent is $2,454, compared to the city average of $1,827. Rent prices have decreased by 5.7%. Downtown Ithaca is convenient to Sciencenter, Cornell Plantations, and Ithaca College.
Ithaca Downtown Historic District
Average Rent
$2,488/Month
Units Available
71 Rentals
Ithaca Downtown Historic District is an affordable neighborhood in Ithaca with an average rent price of $2,488. Compare this to the city average of $1,827.
Northwest Ithaca
Average Rent
$2,498/Month
Year-Over-Year Rent Change
11.5%
Units Available
39 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Northwest Ithaca might be the perfect place! It has an average rent price of $2,498, while the city’s average stands at $1,827. In the last year, prices have decreased by 11.5%. Northwest Ithaca is near Alan Treman State Marine Park, Sciencenter, and Ithaca Tompkins International.
Dewitt Historic District
Average Rent
$2,773/Month
Units Available
29 Rentals
Dewitt Historic District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Dewitt Historic District is $2,773 while the city average is $1,827.
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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.