Cheap Apartments for Rent in the Central Business District Ithaca, NY from $700 (51 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Central Business District area of Ithaca.

property at 710 E State St

710 E State St

IthacaNY14850

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
close
View Me
505 E Seneca St
1 Bedroom Apartments

505 E Seneca St

505 E Seneca StIthaca, NY 14850
Furnished
close
View Me
648 Hudson St
3 Bedroom Apartments

648 Hudson St

648 Hudson StIthaca, NY 14850
  • Utilities Included
close
View Me
215 College Ave
2 to 6 Bedroom Apartments

215 College Ave

215 College AveIthaca, NY 14850
  • Utilities Included
close
View Me
Parkside Vista
2 Bedroom Apartments

Parkside Vista

204 Fair StIthaca, NY 14850
Student Housing
  • Utilities Included
close
View Me
514 W State St
1 Bedroom Apartments

514 W State St

514 W State StIthaca, NY 14850
  • Utilities Included
close
View Me
602 W Seneca St
2 Bedroom Apartments

602 W Seneca St

602 W Seneca StIthaca, NY 14850
  • Utilities Included
close
View Me
222 N Albany St
2 Bedroom Apartments

222 N Albany St

222 N Albany StIthaca, NY 14850
  • Utilities Included
close
View Me
109 Sage Pl
2 to 3 Bedroom Apartments

109 Sage Pl

109 Sage PlIthaca, NY 14850
Furnished
close
View Me
LIV at 327 W Seneca
1 to 2 Bedroom Apartments

LIV at 327 W Seneca

327 W Seneca StIthaca, NY 14850
  • Utilities Included
close
View Me
203 Williams St
Studio to 4 Bedroom Apartments

203 Williams St

203 Williams StIthaca, NY 14850
close
View Me
Carey Building
2 Bedroom Apartments

Carey Building

314-320 E State StIthaca, NY 14850
  • Utilities Included
close
View Me
Collegetown Center
Studio to 2 Bedroom Apartments

Collegetown Center

147-159 Dryden RdIthaca, NY 14850
Student Housing
  • Utilities Included
close
View Me
Cayuga Lofts
Studio to 2 Bedroom Apartments

Cayuga Lofts

217 S Cayuga StIthaca, NY 14850
Student Housing
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Central Business District, Ithaca, NY Local Guide

Cheapest Available Central Business District Apartments for Rent

 

The cheapest available apartment rental in the Central Business District area of Ithaca, NY is a 1 Bed unit found at Ravenwood Apartments priced from $700. 111 Osmun Place - See Details has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Central Business District apartments for rent in Ithaca, NY:

Apartment ListingModel NameBed/BathPriced From
Ravenwood ApartmentsRoom Rental1BR,1BA$700
111 Osmun Place - See DetailsApt 31BR,1BA$750
Eddygate Park Apartments3 Bedrooms3BR,1BA$900
RIDGETOP Apartments in Collegetown1 Bedroom1BR,1BA$1,200
Lakeside VistaParkside- 2 bedroom Cottage2BR,1BA$1,429
Edgecliff Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1,470
Carey BuildingCall for Availability2BR,1BA$1,600
The Belleayre Building2BD/ 1B2BR,1BA$1,600

Best Value Apartments for Rent in Central Business District, NY

As of April 23, 2025 the best value apartment in the Central Business District area is the $0.27 price per square foot 116 Cook St Model at 116 Cook St in the in the North Campus neighborhood starting from $900. The second greatest value Central Business District apartment is the 4 Bedroom Model at 212 Giles St Townhouses-available August 2025 starting at $740 with a $0.41 price per square foot in the Western South Hill neighborhood. Here is today’s list of the best values for Central Business District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
116 Cook St116 Cook St1BR,1BA$0.27
212 Giles St Townhouses-available August 20254 Bedroom4BR,2BA$0.41
111 Osmun Place - See Details3 Bedroom, 1 Bath - 111 Osmun3BR,1BA$0.44
204 Linden Ave, Unit 1204 Linden Ave3BR,1BA$1.54
616 E State St, Unit 2616 E State St3BR,1BA$1.55
515 S Albany St, Unit 515 S Albany St.515 S Albany St3BR,1.5BA$2.00
151 Chestnut St, Unit 2151 Chestnut St2BR,1BA$1.94
648 -702 Hudson St702 Downstairs3BR,2BA$0.98
Carey BuildingCall for Availability2BR,1BA$1.86
Collegetown Plaza/Collegetown Center6 bed/1.5 bath6BR,1.5BA$1.10

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Central Business District, Ithaca, NY

Ranked #12

Among neighborhoods in Ithaca, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Central Business District Apartments

What is a cheap apartment in Central Business District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Business District is under $1,600.

What is the price of a cheap apartment in Central Business District?

The cheapest apartment in Central Business District is Ravenwood Apartments which is listed at $700, while the average apartment in Central Business District costs $4,375.

What types of apartments are the cheapest in Central Business District?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 40 regular apartments in Central Business District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Central Business District?

Cheap apartments in Central Business District have an average cost of $1,221 which is $3,154 cheaper than the average rent for all rentals in Central Business District.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.