Cheapest Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are East Ithaca, Cayuga Heights, and Northeast Ithaca. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of June 12, 2026, the average rent in Ithaca is $1,839, which is 0.1% 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.
East Ithaca
Average Rent
$1,428/Month
Year-Over-Year Rent Change
2.1%
Units Available
15 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 $1,428, while the city’s average stands at $1,839. In the last year, prices have increased by 2.1%. East Ithaca is near Buttermilk Falls State Park, Fuertes Observatory, and Ithaca Tompkins International.
Cayuga Heights
Average Rent
$1,626/Month
Year-Over-Year Rent Change
1.9%
Units Available
29 Rentals
Cayuga Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cayuga Heights is $1,626 while the city average is $1,839. This is a -1.9% difference from last year. Residents enjoy convenient access to Alan Treman State Marine Park, Newman Arboretum, and Cornell University.
Northeast Ithaca
Average Rent
$1,638/Month
Year-Over-Year Rent Change
3.7%
Units Available
75 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Northeast Ithaca. The average rent is $1,638, compared to the city average of $1,839. Rent prices have increased by 3.7%. Northeast Ithaca is convenient to Elmira/Corning Regional, Cornell Laboratory of Ornithology and Johnson Center Visitor Center, and Ithaca Tompkins International.
Collegetown
Average Rent
$1,826/Month
Year-Over-Year Rent Change
1.9%
Units Available
47 Rentals
Collegetown is an affordable neighborhood in Ithaca with an average rent price of $1,826. Compare this to the city average of $1,839. In the past year, rent prices have decreased by 1.9%. Collegetown provides easy access to Alan Treman State Marine Park, Co-Op Shopping Center, and Newman Arboretum.
Ithaca
Average Rent
$2,195/Month
Year-Over-Year Rent Change
2.7%
Units Available
233 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 $2,195, while the city’s average stands at $1,839. In the last year, prices have increased by 2.7%. Ithaca is near Cornell University, Ithaca Tompkins International, and Creekside Plaza.
Downtown Ithaca
Average Rent
$2,483/Month
Year-Over-Year Rent Change
1%
Units Available
109 Rentals
Downtown Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Ithaca is $2,483 while the city average is $1,839. This is a -1% difference from last year. Residents enjoy convenient access to Elmira College, Elmira/Corning Regional, and SUNY Cortland.
Northwest Ithaca
Average Rent
$2,529/Month
Year-Over-Year Rent Change
12.6%
Units Available
41 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Northwest Ithaca. The average rent is $2,529, compared to the city average of $1,839. Rent prices have decreased by 12.6%. Northwest Ithaca is convenient to Cornell Plantations, Elmira/Corning Regional, and Creekside Plaza.
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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.