
Cheap Apartments for Rent in the Central Business District Ithaca, NY from $700 (49 Rentals)
Cheap Apartments in the Central Business District area of Ithaca.


710 E State St

Eddygate Park Apartments

209 College Ave, Unit 3
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

111 Catherine St, Unit 1

123 Catherine St, Unit 1

127 Catherine St, Unit 1

RIDGETOP Apartments in Collegetown

The Belleayre Building

518 W Buffalo St, Unit 2

The Gem – Collegetown’s Hidden Treasure

Commons West
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.

Edgecliff Apartments

129 College Ave

318 E Seneca - Downtown Ithaca

405 N Aurora St

315 Thurston Ave, Unit 315 Thurston Avenue

110 College Ave, Unit 2 Bed 2 Bath

Campus Hill Apartments

210 N Geneva St, Unit 4

1005-1007-1007 N Aurora St
Central Business District, Ithaca, NY Local Guide

How much does it cost to rent an apartment in Central Business District?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Business District Studio Apartments | $1,998 | $1,200 | $3,821 |
Central Business District 1 Bedroom Apartments | $2,353 | $700 | $4,378 |
Central Business District 2 Bedroom Apartments | $2,741 | $960 | $5,094 |
Central Business District 3 Bedroom Apartments | $2,251 | $789 | $5,935 |
Central Business District 4 Bedroom Apartments | $3,031 | $799 | $6,000 |
Central Business District 5 Bedroom Apartments | $3,510 | $865 | $7,250 |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 1 mile radius of the Central Business District Neighborhood of Ithaca, NY.
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Central Business District, Ithaca, NY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ravenwood Apartments | Room Rental | 1BR,1BA | $700 |
111 Osmun Place - See Details | Apt 3 | 1BR,1BA | $750 |
Eddygate Park Apartments | 3 Bedrooms | 3BR,1BA | $900 |
RIDGETOP Apartments in Collegetown | 1 Bedroom | 1BR,1BA | $1,200 |
Edgecliff Apartments | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1,420 |
Lakeside Vista | Parkside- 2 bedroom Cottage | 2BR,1BA | $1,429 |
Carey Building | Call for Availability | 2BR,1BA | $1,600 |
The Belleayre Building | 2BD/ 1B | 2BR,1BA | $1,600 |
Best Value Apartments for Rent in Central Business District, NY
As of May 04, 2025 the best value apartment in the Central Business District area is the $0.26 price per square foot 116 Cook St Model at 116 Cook St in the in the North Campus neighborhood starting from $850. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
116 Cook St | 116 Cook St | 1BR,1BA | $0.26 |
212 Giles St Townhouses-available August 2025 | 4 Bedroom | 4BR,2BA | $0.41 |
111 Osmun Place - See Details | 3 Bedroom, 1 Bath - 111 Osmun | 3BR,1BA | $0.44 |
204 Linden Ave, Unit 1 | 204 Linden Ave | 3BR,1BA | $1.54 |
616 E State St, Unit 2 | 616 E State St | 3BR,1BA | $1.55 |
118 Schuyler Plz, Unit 1 | 118 Schuyler Plz | 3BR,1BA | $0.73 |
151 Chestnut St, Unit 2 | 151 Chestnut St | 2BR,1BA | $1.94 |
648 -702 Hudson St | 702 Downstairs | 3BR,2BA | $0.98 |
Carey Building | Call for Availability | 2BR,1BA | $1.86 |
Collegetown Plaza/Collegetown Center | 6 bed/1.5 bath | 6BR,1.5BA | $1.10 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleCentral Business District, Ithaca, NY
Ranked #12
Among neighborhoods in Ithaca, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 41 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 $1,197 which is $3,178 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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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.

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.