Most Affordable Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are South Hill Ithaca, Cayuga Heights, and Ithaca/Elmira. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of February 26, 2025, the average rent in Ithaca is $1,837, which is 0.5% 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.
South Hill Ithaca
Average Rent
$1,575/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
0/100
Units Available
2 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out South Hill Ithaca. The average rent is $1,575, compared to the city average of $1,837. Rent prices have increased by 1.4%. South Hill Ithaca is convenient to Ithaca College, Elmira Road Shopping Center, and Elmira/Corning Regional. The community is car-dependent with a WalkScore® of 29.
Cayuga Heights
Average Rent
$1,593/Month
Year-Over-Year Rent Change
7.8%
TransitScore® Rating
0/100
Units Available
37 Rentals
Cayuga Heights is an affordable neighborhood in Ithaca with an average rent price of $1,593. Compare this to the city average of $1,837. In the past year, rent prices have increased by 7.8%. Cayuga Heights provides easy access to Cornell University, Elmira/Corning Regional, and Cornell Plantations. It’s a car-dependent neighborhood with a WalkScore® of 39.
Ithaca/Elmira
Average Rent
$1,606/Month
Units Available
87 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Ithaca/Elmira might be the perfect place! It has an average rent price of $1,606, while the city’s average stands at $1,837.
East Ithaca
Average Rent
$1,692/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
0/100
Units Available
17 Rentals
East Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Ithaca is $1,692 while the city average is $1,837. This is a -5.3% difference from last year. Residents enjoy convenient access to Cornell University, Co-Op Shopping Center, and Ithaca Tompkins International. The neighborhood is considered car-dependent with a WalkScore® of 49.
Northeast Ithaca
Average Rent
$1,694/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
0/100
Units Available
47 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Northeast Ithaca. The average rent is $1,694, compared to the city average of $1,837. Rent prices have increased by 2.9%. Northeast Ithaca is convenient to Cornell Plantations, SUNY Cortland, and Newman Arboretum. The community is car-dependent with a WalkScore® of 37.
Northwest Ithaca
Average Rent
$1,705/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
0/100
Units Available
2 Rentals
Northwest Ithaca is an affordable neighborhood in Ithaca with an average rent price of $1,705. Compare this to the city average of $1,837. In the past year, rent prices have decreased by 0.8%. Northwest Ithaca provides easy access to Fuertes Observatory, Elmira/Corning Regional, and SUNY Cortland. It’s a car-dependent neighborhood with a WalkScore® of 6.
Collegetown
Average Rent
$1,851/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
0/100
Units Available
49 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 $1,851, while the city’s average stands at $1,837. In the last year, prices have decreased by 0.5%. Collegetown is near Creekside Plaza, SUNY Cortland, and East Hill Plaza.
Ithaca
Average Rent
$2,247/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
0/100
Units Available
215 Rentals
Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ithaca is $2,247 while the city average is $1,837. This is a 2.3% difference from last year. Residents enjoy convenient access to Ithaca Shopping Plaza, Cornell University, and Fuertes Observatory. The neighborhood is considered walkable with a WalkScore® of 76.
Downtown Ithaca
Average Rent
$2,648/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
0/100
Units Available
113 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Downtown Ithaca. The average rent is $2,648, compared to the city average of $1,837. Rent prices have decreased by 7.7%. Downtown Ithaca is convenient to Co-Op Shopping Center, Cornell Plantations, and Keuka College. The community is walkable with a WalkScore® of 98.
Ready to make your move to Ithaca? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.