Cheap Homes for Rent in Ithaca, NY from $700 (16 Rentals)

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property at 120 James St

120 James St, Unit 1

120 James St
IthacaNY14850

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Ithaca, NY Local Guide

Cheapest Neighborhoods for Apartments in Ithaca, NY

Pricing Updated: 05/11/2025

Current apartment rentals in the Ithaca, NY area range in price from $600 to $7,250 with an overall median price of $4,207. The three Ithaca neighborhoods with the lowest median rent pricing are Cayuga Heights at $600, Northeast Ithaca at $915, and Northwest Ithaca at $620. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ithaca Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cayuga Heights$2,700$600147
Northeast Ithaca$3,750$915170
Northwest Ithaca$4,000$62070
Central Business District$4,375$600135
Collegetown$4,375$600157
Cornell Heights$4,375$600234
Downtown Ithaca$4,375$75096
Eastern South Hill$4,375$750130
East Ithaca$4,375$600170
North Belle Sherman$4,375$600131

Cheapest Available Ithaca Apartments for Rent

 

The cheapest available apartment rental in Ithaca, NY is a 1 Bed unit found at Ravenwood Apartments in the North Campus neighborhood priced from $600. 111 Osmun Place - See Details in the North Campus neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Ithaca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ravenwood ApartmentsRoom Rental1BR,1BA$600
111 Osmun Place - See DetailsApt 31BR,1BA$750
Eddygate Park Apartments3 Bedrooms3BR,1BA$900
West Village Apartments2 Beds, 1 bath2BR,1BA$1,041
RIDGETOP Apartments in Collegetown1 Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Ithaca, NY

As of May 11, 2025 the best value apartment in the Ithaca 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 Ithaca apartment is the 303 Cornell St Model at 303 Cornell St, Unit B starting at $750 with a $0.38 price per square foot in the North Campus neighborhood. Here is today’s list of the best values for Ithaca apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
116 Cook St116 Cook St1BR,1BA$0.26
303 Cornell St, Unit B303 Cornell St5BR,2BA$0.38
212 Giles St Townhouses-available August 20254 Bedroom4BR,2BA$0.41
111 Osmun Place - See Details3 Bedroom, 1 Bath - 111 Osmun3BR,1BA$0.44
Uptown Village ApartmentsUptown 2 Bed2BR,1.5BA$1.23
118 Schuyler Plz, Unit 1118 Schuyler Plz3BR,1BA$0.73
119 Honness Ln, Unit A119 Honness Ln3BR,1.5BA$0.63
West Village Apartments3 Beds, 1 bath3BR,1BA$1.15
648 -702 Hudson St702 Downstairs3BR,2BA$0.98
Collegetown Plaza/Collegetown Center6 bed/1.5 bath6BR,1.5BA$1.10

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Ithaca

What type of rentals are currently available in Ithaca?

There are currently 305 Apartments for Rent in Ithaca, NY with pricing that ranges from $600 to $7,250. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ithaca ranging from $725 to $7,000.

What is the current price range for Rental Homes in Ithaca?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ithaca ranges from $725 to $7,000 with an average monthly rent of $2,954.

How much are larger Three and Four Bedroom Rentals in Ithaca?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ithaca range from $750 to $5,935, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,800. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $799.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.

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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.