Cheap Apartments for Rent in Ithaca, NY
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3-6 Beds
1-2 Baths119-121 Prospect Street | 119-121 Prospect St #119,
Ithaca, NY 14850PPM Homes LLC NY
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Average Rent Trends in Ithaca, NY
Rent in Ithaca, NY varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,250 |
| Jul 2025 | $2,300 |
| Aug 2025 | $2,235 |
| Sep 2025 | $2,200 |
| Oct 2025 | $2,100 |
| Nov 2025 | $2,150 |
| Dec 2025 | $2,000 |
| Jan 2026 | $2,000 |
| Feb 2026 | $2,050 |
| Mar 2026 | $2,050 |
| Apr 2026 | $1,950 |
| May 2026 | $2,017 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,595 | $1,930 | $2,400 | $3,100 | $2,000 |
| Townhomes | — | $2,200 | $2,415 | $2,993 | $2,500 |
| Apartments and Condos | $1,550 | $1,895 | $2,400 | $2,950 | $1,900 |
| Houses | $1,450 | $2,200 | $2,300 | $3,242 | $2,500 |
Frequently Asked Questions about Rentals in Ithaca, NY
- What is the average rent of an apartment in Ithaca, NY?The average rent of an apartment in Ithaca, NY is $1,783 per month. This is about 8% lower than the national average.
- What is the average rent of a house in Ithaca, NY?The average rent of a house in Ithaca, NY is $2,500 per month. This is about 30% higher than the national average.
- What is the average rent of a townhome in Ithaca, NY?The average rent of a townhome in Ithaca, NY is $2,500 per month. This is about 30% higher than the national average.
- When is the average rent cheapest in Ithaca, NY?In the last year, the average rent in Ithaca, NY was lowest in Dec 2025 when it was $2,000 per month.
- When is the average rent most expensive in Ithaca, NY?In the last year, the average rent in Ithaca, NY was highest in Feb 2025 when it was $2,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Ithaca, NY?The average rent of a 1 bedroom apartment in Ithaca, NY is $1,595 per month. That is about $0 more than the cost of a studio apartment.
- How many available rental listings are in Ithaca, NY?There are 537 available rental listings in Ithaca, NY.
- What colleges and universities are in Ithaca, NY?Colleges and universities in Ithaca, NY include: Cornell University.
- What are some neighborhoods in Ithaca, NY?Some neighborhoods in Ithaca, NY include: South Hill, Cayuga Heights, Northeast Ithaca, East Ithaca, Northwest Ithaca.
- What are some zip codes in Ithaca, NY?
- What are some cities near Ithaca, NY?Some nearby cities include: Etna, Slaterville Springs, Freeville, Newfield, Brooktondale. These cities may have more rental options to explore.