Most Affordable Neighborhoods in Ithaca, NY
Some of the cheapest neighborhoods in Ithaca are Northwest Ithaca, Northeast Ithaca, and East Ithaca. These neighborhoods offer some of the lowest rent prices in Ithaca, making them ideal for renters on a budget. As of April 17, 2025, the average rent in Ithaca is $1,839, which is 0.6% higher 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.
Northwest Ithaca
Average Rent
$1,457/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
0/100
Units Available
4 Rentals
Northwest Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northwest Ithaca is $1,457 while the city average is $1,839. This is a -3.6% difference from last year. Residents enjoy convenient access to Co-Op Shopping Center, Ithaca Tompkins International, and Cornell University. The neighborhood is considered car-dependent with a WalkScore® of 6.
Northeast Ithaca
Average Rent
$1,641/Month
Year-Over-Year Rent Change
7.2%
TransitScore® Rating
0/100
Units Available
186 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Northeast Ithaca. The average rent is $1,641, compared to the city average of $1,839. Rent prices have increased by 7.2%. Northeast Ithaca is convenient to Cornell University, Cornell Plantations, and Fuertes Observatory. The community is car-dependent with a WalkScore® of 37.
East Ithaca
Average Rent
$1,661/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
0/100
Units Available
18 Rentals
East Ithaca is an affordable neighborhood in Ithaca with an average rent price of $1,661. Compare this to the city average of $1,839. In the past year, rent prices have decreased by 2.8%. East Ithaca provides easy access to Ithaca Tompkins International, Cornell University, and Fuertes Observatory. It’s a car-dependent neighborhood with a WalkScore® of 48.
Ithaca/Elmira
Average Rent
$1,738/Month
Units Available
80 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 $1,738, while the city’s average stands at $1,839.
Cayuga Heights
Average Rent
$1,804/Month
Year-Over-Year Rent Change
4.4%
TransitScore® Rating
0/100
Units Available
34 Rentals
Cayuga Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cayuga Heights is $1,804 while the city average is $1,839. This is a 4.4% difference from last year. Residents enjoy convenient access to Triphammer Shopping Center, Ithaca College, and Sciencenter. The neighborhood is considered car-dependent with a WalkScore® of 39.
Collegetown
Average Rent
$1,928/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
0/100
Units Available
56 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Collegetown. The average rent is $1,928, compared to the city average of $1,839. Rent prices have increased by 2%. Collegetown is convenient to Ithaca Tompkins International, Co-Op Shopping Center, and Cornell University. The community is walkable with a WalkScore® of 91.
South Hill Ithaca
Average Rent
$2,000/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
0/100
Units Available
1 Rentals
South Hill Ithaca is an affordable neighborhood in Ithaca with an average rent price of $2,000. Compare this to the city average of $1,839. In the past year, rent prices have increased by 1.1%. South Hill Ithaca provides easy access to Cornell Plantations, Elmira Road Shopping Center, and Buttermilk Falls Plaza. It’s a car-dependent neighborhood with a WalkScore® of 29.
Ithaca
Average Rent
$2,168/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
0/100
Units Available
250 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Ithaca might be the perfect place! It has an average rent price of $2,168, while the city’s average stands at $1,839. In the last year, prices have increased by 1.9%. Ithaca is near Keuka College, Creekside Plaza, and Elmira/Corning Regional.
Downtown Ithaca
Average Rent
$2,483/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
0/100
Units Available
135 Rentals
Downtown Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Ithaca is $2,483 while the city average is $1,839. This is a -4% difference from last year. Residents enjoy convenient access to Alan Treman State Marine Park, Cornell Plantations, and Elmira/Corning Regional. The neighborhood is considered walkable with a WalkScore® of 98.
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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.