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 March 28, 2025, the average rent in Ithaca is $1,850, which is 0.3% 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
$1,466/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
0/100
Units Available
3 Rentals
Northwest Ithaca is an affordable neighborhood in Ithaca with an average rent price of $1,466. Compare this to the city average of $1,850. In the past year, rent prices have increased by 3.8%. Northwest Ithaca provides easy access to Cornell University, Elmira/Corning Regional, and Museum of the Earth. It’s a car-dependent neighborhood 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
190 Rentals
If you’re looking for a great, affordable neighborhood in Ithaca, Northeast Ithaca might be the perfect place! It has an average rent price of $1,641, while the city’s average stands at $1,850. In the last year, prices have increased by 7.2%. Northeast Ithaca is near Ithaca Tompkins International, Newman Arboretum, and Triphammer Shopping Center.
East Ithaca
Average Rent
$1,644/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
0/100
Units Available
19 Rentals
East Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Ithaca is $1,644 while the city average is $1,850. This is a -4.9% difference from last year. Residents enjoy convenient access to Keuka College, Sciencenter, and SUNY Cortland. The neighborhood is considered car-dependent with a WalkScore® of 49.
Ithaca/Elmira
Average Rent
$1,692/Month
Units Available
82 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Ithaca/Elmira. The average rent is $1,692, compared to the city average of $1,850.
Cayuga Heights
Average Rent
$1,719/Month
Year-Over-Year Rent Change
11.9%
TransitScore® Rating
0/100
Units Available
39 Rentals
Cayuga Heights is an affordable neighborhood in Ithaca with an average rent price of $1,719. Compare this to the city average of $1,850. In the past year, rent prices have increased by 11.9%. Cayuga Heights provides easy access to Cornell University, Village Green Shopping Center, and Corners Community Center. It’s a car-dependent neighborhood with a WalkScore® of 39.
Collegetown
Average Rent
$1,825/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
0/100
Units Available
50 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 $1,825, while the city’s average stands at $1,850. In the last year, prices have decreased by 1.1%. Collegetown is near Newman Arboretum, Alan Treman State Marine Park, and Keuka College.
South Hill Ithaca
Average Rent
$2,000/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
0/100
Units Available
1 Rentals
South Hill Ithaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Hill Ithaca is $2,000 while the city average is $1,850. This is a 1.7% difference from last year. Residents enjoy convenient access to Buttermilk Falls Plaza, Ithaca Tompkins International, and South Meadow Square. The neighborhood is considered car-dependent with a WalkScore® of 29.
Ithaca
Average Rent
$2,139/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
0/100
Units Available
254 Rentals
When you’re looking for a great Ithaca neighborhood on a budget, check out Ithaca. The average rent is $2,139, compared to the city average of $1,850. Rent prices have increased by 3.3%. Ithaca is convenient to Ithaca College, Elmira/Corning Regional, and Cornell University. The community is walkable with a WalkScore® of 76.
Downtown Ithaca
Average Rent
$2,472/Month
Year-Over-Year Rent Change
8.9%
TransitScore® Rating
0/100
Units Available
140 Rentals
Downtown Ithaca is an affordable neighborhood in Ithaca with an average rent price of $2,472. Compare this to the city average of $1,850. In the past year, rent prices have decreased by 8.9%. Downtown Ithaca provides easy access to Ithaca Tompkins International, Ithaca Shopping Plaza, and Co-Op Shopping Center. It’s a walkable neighborhood 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.