Most Affordable Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are Northeast Ithaca, Collegetown, and Ithaca. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Ithaca is $1,785, which is 2.3% 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
$1,793/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
0/100
Units Available
72 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 $1,793, while the city’s average stands at $1,785. In the last year, prices have decreased by 3.2%. Northeast Ithaca is near Keuka College, Elmira/Corning Regional, and Cornell University.
Collegetown
Average Rent
$2,132/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
0/100
Units Available
311 Rentals
Collegetown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Collegetown is $2,132 while the city average is $1,785. This is a 3.1% difference from last year. Residents enjoy convenient access to Co-Op Shopping Center, Sciencenter, and Ithaca College. The neighborhood is considered walkable with a WalkScore® of 91.
Ithaca
Average Rent
$2,135/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
381 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Ithaca. The average rent is $2,135, compared to the city average of $1,785. Rent prices have increased by 0.7%. Ithaca is convenient to Ithaca Tompkins International, Elmira/Corning Regional, and Fuertes Observatory. The community is walkable with a WalkScore® of 76.
East Ithaca
Average Rent
$2,157/Month
Year-Over-Year Rent Change
7.8%
TransitScore® Rating
0/100
Units Available
224 Rentals
East Ithaca is an affordable neighborhood in Ithaca with an average rent price of $2,157. Compare this to the city average of $1,785. In the past year, rent prices have decreased by 7.8%. East Ithaca provides easy access to Elmira/Corning Regional, Buttermilk Falls State Park, and Cornell Plantations. It’s a car-dependent neighborhood with a WalkScore® of 48.
Henry St. John Historic District
Average Rent
$2,187/Month
TransitScore® Rating
0/100
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Henry St. John Historic District might be the perfect place! It has an average rent price of $2,187, while the city’s average stands at $1,785. Henry St. John Historic District is near Creekside Plaza, Keuka College, and Co-Op Shopping Center.
Cayuga Heights
Average Rent
$2,281/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
18 Rentals
Cayuga Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cayuga Heights is $2,281 while the city average is $1,785. This is a -0.4% difference from last year. Residents enjoy convenient access to Sciencenter, SUNY Cortland, and Village Green Shopping Center. The neighborhood is considered car-dependent with a WalkScore® of 39.
Downtown Ithaca
Average Rent
$2,523/Month
Year-Over-Year Rent Change
5.1%
TransitScore® Rating
0/100
Units Available
58 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Downtown Ithaca. The average rent is $2,523, compared to the city average of $1,785. Rent prices have decreased by 5.1%. Downtown Ithaca is convenient to Cornell University, Ithaca Shopping Plaza, and Fuertes Observatory. The community is walkable with a WalkScore® of 98.
Ithaca Downtown Historic District
Average Rent
$2,594/Month
TransitScore® Rating
0/100
Units Available
54 Rentals
Ithaca Downtown Historic District is an affordable neighborhood in Ithaca with an average rent price of $2,594. Compare this to the city average of $1,785. Ithaca Downtown Historic District provides easy access to Newman Arboretum, Alan Treman State Marine Park, and Ithaca College. It’s a walkable neighborhood with a WalkScore® of 98.
Dewitt Historic District
Average Rent
$3,045/Month
TransitScore® Rating
0/100
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Dewitt Historic District might be the perfect place! It has an average rent price of $3,045, while the city’s average stands at $1,785. Dewitt Historic District is near Cornell Plantations, Ithaca Tompkins International, and Alan Treman State Marine Park.
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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.