Cheapest Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are East Ithaca, Northeast 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 11, 2026, the average rent in Ithaca is $1,867, which is 2.1% 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.
East Ithaca
Average Rent
$1,480/Month
Year-Over-Year Rent Change
2%
Units Available
11 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out East Ithaca. The average rent is $1,480, compared to the city average of $1,867. Rent prices have decreased by 2%. East Ithaca is convenient to Co-Op Shopping Center, Newman Arboretum, and Fuertes Observatory.
Northeast Ithaca
Average Rent
$1,609/Month
Year-Over-Year Rent Change
2.5%
Units Available
92 Rentals
Northeast Ithaca is an affordable neighborhood in Ithaca with an average rent price of $1,609. Compare this to the city average of $1,867. In the past year, rent prices have increased by 2.5%. Northeast Ithaca provides easy access to Ithaca Tompkins International, Ithaca College, and Sapsucker Woods Sanctuary.
Collegetown
Average Rent
$1,908/Month
Year-Over-Year Rent Change
0.4%
Units Available
77 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Collegetown might be the perfect place! It has an average rent price of $1,908, while the city’s average stands at $1,867. In the last year, prices have decreased by 0.4%. Collegetown is near Cornell University, SUNY Cortland, and Cornell Plantations.
Ithaca
Average Rent
$2,167/Month
Year-Over-Year Rent Change
2.2%
Units Available
221 Rentals
Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ithaca is $2,167 while the city average is $1,867. This is a 2.2% difference from last year. Residents enjoy convenient access to Cornell University, Elmira/Corning Regional, and Alan Treman State Marine Park.
Cayuga Heights
Average Rent
$2,313/Month
Year-Over-Year Rent Change
1%
Units Available
31 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Cayuga Heights. The average rent is $2,313, compared to the city average of $1,867. Rent prices have decreased by 1%. Cayuga Heights is convenient to Alan Treman State Marine Park, Ithaca College, and Fuertes Observatory.
Downtown Ithaca
Average Rent
$2,446/Month
Year-Over-Year Rent Change
5%
Units Available
60 Rentals
Downtown Ithaca is an affordable neighborhood in Ithaca with an average rent price of $2,446. Compare this to the city average of $1,867. In the past year, rent prices have decreased by 5%. Downtown Ithaca provides easy access to Sciencenter, 225 S Fulton DUPE St, and 220-228 S Fulton St.
Northwest Ithaca
Average Rent
$2,514/Month
Year-Over-Year Rent Change
10.4%
Units Available
35 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 $2,514, while the city’s average stands at $1,867. In the last year, prices have decreased by 10.4%. Northwest Ithaca is near Ithaca College, Sciencenter, and 225 S Fulton DUPE St.
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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.