Median Age
28 Years
Largest Age Group
20-29 Years
Approximately 38% of Residents
Under 20
20%
Over 65
11%
Avg Rent
$1,836
Population
25,974
Renter Mix
76% Rent
Nestled in the heart of the Finger Lakes region, Ithaca combines natural beauty with a thriving academic atmosphere as home to both Cornell University and Ithaca College. Located on the southern shore of Cayuga Lake, the city features more than 150 waterfalls within 10 square miles, including Ithaca Falls, while the surrounding gorges and state parks provide year-round outdoor recreation opportunities. Current rental trends show average apartment rates ranging from $1,690 for studios to $2,090 for two-bedroom units.
Downtown Ithaca centers around the pedestrian-friendly Ithaca Commons, where local shops, restaurants, and entertainment venues create a welcoming community atmosphere. The city offers diverse housing options across several neighborhoods. Fall Creek features historic architecture and tree-lined streets, while areas near Cornell University provide easy access to campus amenities. South Hill offers proximity to Ithaca College, and Belle Sherman sits conveniently close to Cornell's campus. The city hosts numerous community events throughout the year, including the annual Ithaca Festival. The Ithaca Farmers Market, operating year-round, showcases fresh produce and artisanal goods from across the region.
Paddle boarding is one of the most popular water activities in Ithaca.
Ports of New York is a popular winery in Ithaca with a French history and heritage.
The Commons hosts a plethora of seasonal events, including Ithaca Festival.
Median Household Income
$42,811
Average: $71,894
Education
11,965
Residents Have a Degree
Job Market
12,097
Workers Employed
Median Age
28 Years
Largest Age Group
20-29 Years
Approximately 38% of Residents
Under 20
20%
Over 65
11%
Housing Distribution
Ithaca has more renters than homeowners.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Ithaca, NY is $1,679 for a studio, $1,835 for one bedroom, $2,103 for two bedrooms, and $2,259 for three bedrooms. Apartment rent in Ithaca has decreased by -0.4% in the past year.
The cost of living in Ithaca, NY is 3.0% higher than the national average. Generally, housing in Ithaca is 0.3% less expensive than the national average, with rent falling between $1,679 - $2,259. You can expect to pay 4.1% less for groceries, 6.2% more for utilities, and 16.3% more for transportation.
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Cayuga Heights Elementary School
Public
Grades K-5
270 Students
Public
Grades PK-5
363 Students
Public
Grades K-5
347 Students
Public
Grades PK-5
217 Students
Public
Grades PK-5
165 Students
Public
Grades 6-8
513 Students
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Grades 6-8
559 Students
Public
Grades K-12
293 Students
Public
Grades 9-12
1,411 Students
Public
Grades 9-12
115 Students
Public
Grades K-12
293 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.