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Apartments for Rent in Ithaca, NY
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Average rent in Ithaca, NY

$2,018/mo Ithaca, NY average rental price, November 2023
Image Average Rent

The average monthly rent of apartments in Ithaca, NY is $2,018.

Ithaca, NY apartment rent ranges

About 32% of apartment rents in Ithaca, NY range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 38% of apartments. Around 27% of Ithaca’s apartments are in the $1,001-$1,500 price range. 3% of apartments are priced between $701-$1,000.

Ithaca, NY rent trends

Check out the average rent prices in Ithaca by neighborhood.

Compared to the national average rent of $1,718, the average rent in Ithaca, NY is $2,018.

Getting around in Ithaca, NY

41 /100
Car-Dependent
39 /100
Somewhat Bikeable
Walk Score®: 41, Bike Score®: 39

Frequently asked questions

What are the best apartments in Ithaca, NY?

The best apartments in Ithaca, NY are: Lakeland Apartments, Fall Haven Apartments, Center Ithaca and Lake Street Apartments.

What type of rental buildings are in Ithaca, NY?

In Ithaca, 73% of the residents are renting compared to 27% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Ithaca’s rentals, 74% are small-scale complexes with under 50 units, and 13% are single-family rentals.

What do typical apartment communities look like in Ithaca, NY?

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Ithaca are about 30 years old, on average. Of these, 43% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 86% of the rental communities here are low-rise, garden-style communities, 38% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Ithaca, NY?

Rental apartments in Ithaca come in a range of sizes and floorplans. Studio apartments represent 20% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 30% of the total apartments in the city, while 2-bedroom floorplans represent around 33% of all rentals in Ithaca. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

Ithaca, NY in the news

Living in Ithaca, NY

Ithaca is a small town in central New York that’s best known as the home of Cornell University, an Ivy League school that attracts students and professors from around the world. The Cornell campus is also known for its stunning, historic buildings and sprawling botanic gardens. The town is also home to Ithaca College, a private liberal arts college. Many renters love living in Ithaca because of its natural beauty. The area is full of picturesque lakes and waterfalls and is a popular place to go kayaking. Ithaca is also part of the Finger Lakes wine region, and there are many wineries located nearby. The downtown area is full of restaurants and bars and hosts community events throughout the year. These include farmer’s markets, festivals and live performances.

Renting in Ithaca, NY

Many renters in Ithaca are either students or staff at one of the area’s many institutions of higher education. As a result, many apartment rentals cater to young adults. Most rentals in Ithaca are in walkable neighborhoods and are close to local shops and restaurants. There are also many historic homes and apartments for rent in Ithaca. Notably, Ithaca features a mix of newer, high-rise apartment buildings, as well as older, mid-rise apartment buildings and condos. There are also many older homes that have been converted into multiple apartments. Keep in mind that rental prices in Ithaca are relatively high when compared to other small towns in New York. Competition for apartments can also be significant around the start of the school year, so renters will need to be proactive when applying.

Things for renting

Shopping in Ithaca, NY

There are plenty of places for local renters to shop in Ithaca, whether you’re looking for national chains or locally owned boutiques. The Ithaca Commons has a great selection of local shops to peruse. Outside of downtown, renters can find national chains at South Meadows Plaza. This area has a Walmart, Lowe’s, Bed Bath & Beyond, and Staples, as well as grocery stores like Trader Joe’s, Wegman’s and TOPS. Renters can also head north of downtown Ithaca to the Shops at Ithaca, which is the area’s only major mall. It has a Target, Best Buy, Dick’s Sporting Goods and other popular national chains.

Transportation in Ithaca, NY

Ithaca is a very walkable and bikeable town, so renters don’t necessarily need a car to get around. Many local college students, in particular, opt not to drive. However, having a car can be very convenient for renters who need to travel to other nearby towns or who want to take advantage of all of the outdoor activities available in the Finger Lakes region. There is also extensive local bus service in Ithaca and the surrounding areas, and many local apartments have bus stops located within just a few blocks of them. There are also car-sharing services available in Ithaca. Regional buses provide service to New York City and other major metropolitan areas. The nearest Amtrak stop is in Syracuse, which is approximately one hour by car.

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