Best Affordable Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are Northeast Ithaca, East Ithaca, and Collegetown. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of January 28, 2026, the average rent in Ithaca is $1,851, which is 1.6% 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
$1,781/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
0/100
Units Available
55 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 $1,781, while the city’s average stands at $1,851. In the last year, prices have decreased by 3.2%. Northeast Ithaca is near Village Green Shopping Center, Ithaca College, and Ithaca Tompkins International.
East Ithaca
Average Rent
$2,125/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
0/100
Units Available
369 Rentals
East Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Ithaca is $2,125 while the city average is $1,851. This is a -3.9% difference from last year. Residents enjoy convenient access to Ithaca Tompkins International, Ithaca College, and Elmira/Corning Regional. The neighborhood is considered car-dependent with a WalkScore® of 48.
Collegetown
Average Rent
$2,163/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
0/100
Units Available
514 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Collegetown. The average rent is $2,163, compared to the city average of $1,851. Rent prices have decreased by 1.6%. Collegetown is convenient to Elmira/Corning Regional, Alan Treman State Marine Park, and Ithaca College. The community is walkable with a WalkScore® of 91.
Ithaca
Average Rent
$2,206/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
0/100
Units Available
684 Rentals
Ithaca is an affordable neighborhood in Ithaca with an average rent price of $2,206. Compare this to the city average of $1,851. In the past year, rent prices have increased by 0.9%. Ithaca provides easy access to Co-Op Shopping Center, Ithaca Tompkins International, and Keuka College. It’s a walkable neighborhood with a WalkScore® of 76.
Cayuga Heights
Average Rent
$2,244/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
0/100
Units Available
30 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Cayuga Heights might be the perfect place! It has an average rent price of $2,244, while the city’s average stands at $1,851. In the last year, prices have increased by 2.2%. Cayuga Heights is near Ithaca College, Alan Treman State Marine Park, and Keuka College.
Dewitt Historic District
Average Rent
$2,312/Month
TransitScore® Rating
0/100
Units Available
12 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 $2,312 while the city average is $1,851. Residents enjoy convenient access to Elmira/Corning Regional, Co-Op Shopping Center, and Cornell University. The neighborhood is considered walkable with a WalkScore® of 98.
Downtown Ithaca
Average Rent
$2,559/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
0/100
Units Available
84 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Downtown Ithaca. The average rent is $2,559, compared to the city average of $1,851. Rent prices have decreased by 1.3%. Downtown Ithaca is convenient to Alan Treman State Marine Park, Sciencenter, and Co-Op Shopping Center. The community is walkable with a WalkScore® of 98.
Ithaca Downtown Historic District
Average Rent
$2,589/Month
TransitScore® Rating
0/100
Units Available
82 Rentals
Ithaca Downtown Historic District is an affordable neighborhood in Ithaca with an average rent price of $2,589. Compare this to the city average of $1,851. Ithaca Downtown Historic District provides easy access to Creekside Plaza, Newman Arboretum, and Keuka College. It’s a walkable neighborhood with a WalkScore® of 98.
Northwest Ithaca
Average Rent
$2,621/Month
Year-Over-Year Rent Change
6.1%
TransitScore® Rating
0/100
Units Available
45 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 $2,621, while the city’s average stands at $1,851. In the last year, prices have decreased by 6.1%. Northwest Ithaca is near SUNY Cortland, Creekside Plaza, and Fuertes Observatory.
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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.