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Rental Market Trends in Ithaca, NY

What is the average rent in Ithaca, NY?

$1,823/month

Average Rent

671 Sq Ft

Average Apartment Size

+0.4%

Increase in the Last Year

As of June 2025, the average rent in Ithaca, NY is $1,823 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Ithaca rent prices are 12% higher than the national average. When you rent an apartment in Ithaca, you can expect to pay about $1,695 per month for a studio, $1,823 for a one-bedroom apartment, and around $2,094 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,324 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,695/month
441 Sq Ft
One Bedroom
$1,823/month
671 Sq Ft
Two Bedroom
$2,094/month
969 Sq Ft
Three Bedroom
$2,324/month
1,176 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,539/month
562 Sq Ft
Two Bedroom
$2,208/month
635 Sq Ft
Three Bedroom
$2,510/month
1,034 Sq Ft
Four Bedroom
$3,013/month
1,619 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Ithaca, NY?

In the past year, rent has increased by 0.4%, which averages out to $7 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Ithaca, NY
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Ithaca, NY
Percentage*
Rent Range
1% Below $700/month
6% $700 - $1,000/month
14% $1,001 - $1,500/month
38% $1,501 - $2,000/month
41% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Ithaca?

Based on current rent prices, Northeast Ithaca, East Ithaca and Collegetown are the most affordable neighborhoods in Ithaca.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Northeast Ithaca
$1,778/month
785 Sq Ft
East Ithaca
$1,790/month
425 Sq Ft
Collegetown
$1,840/month
644 Sq Ft
Ithaca
$2,064/month
691 Sq Ft
Cayuga Heights
$2,336/month
585 Sq Ft
Downtown Ithaca
$2,490/month
668 Sq Ft
Ithaca Downtown Historic District
$2,498/month
666 Sq Ft
Henry St. John Historic District
$2,506/month
749 Sq Ft
Clinton Block
$2,506/month
749 Sq Ft
Dewitt Historic District
$2,619/month
636 Sq Ft

What are the most expensive neighborhoods in Ithaca?

Based on current rent prices, Dewitt Historic District, Henry St. John Historic District and Clinton Block are the most expensive neighborhoods in Ithaca.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Dewitt Historic District
$2,619/month
636 Sq Ft
Henry St. John Historic District
$2,506/month
749 Sq Ft
Clinton Block
$2,506/month
749 Sq Ft
Ithaca Downtown Historic District
$2,498/month
666 Sq Ft
Downtown Ithaca
$2,490/month
668 Sq Ft
Cayuga Heights
$2,336/month
585 Sq Ft
Ithaca
$2,064/month
691 Sq Ft
Collegetown
$1,840/month
644 Sq Ft
East Ithaca
$1,790/month
425 Sq Ft
Northeast Ithaca
$1,778/month
785 Sq Ft

Which Ithaca neighborhoods have the most rentals available?

The neighborhoods in Ithaca with the most apartments available are Ithaca, Northeast Ithaca and Downtown Ithaca .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ithaca
$2,064/month
691 Sq Ft
Northeast Ithaca
$1,778/month
785 Sq Ft
Downtown Ithaca
$2,490/month
668 Sq Ft
Ithaca Downtown Historic District
$2,498/month
666 Sq Ft
Collegetown
$1,840/month
644 Sq Ft
Dewitt Historic District
$2,619/month
636 Sq Ft
Cayuga Heights
$2,336/month
585 Sq Ft
East Ithaca
$1,790/month
425 Sq Ft
Henry St. John Historic District
$2,506/month
749 Sq Ft
Clinton Block
$2,506/month
749 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Ithaca, NY?

Because the average rent in Ithaca is $1,823, you’ll want to make about $6,076 per month or $72,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Ithaca, NY is 1.2% higher than the national average. Generally, housing in Ithaca is 0.1% more expensive than the national average, with rent falling between $1,695 - $2,324. You can expect to pay 6.1% less for groceries, 5.0% more for utilities, and 0.4% more for transportation.

City

Ithaca, NY

1,200 Available Apartments for Rent

Search for Nearby Apartments

How does Ithaca, NY compare to other nearby cities and neighborhoods?

Use the tool below to compare Ithaca, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Ithaca, NY

Apartment Averages

Northeast Ithaca

Ithaca, NY

Dewitt Historic District

Ithaca, NY

Studio
$1,519/month
-
One Bedroom
$1,657/month
-
Two Bedroom
$1,858/month
-
Three Bedroom
$1,975/month
-
Search
Search

Apartment communities in Ithaca we think you'll love

Evergreen Pointe

Evergreen Pointe

1061 Dryden Rd,
Ithaca, NY 14850

1-3 Beds | $2,495 - $3,545

Cayuga Place

Cayuga Place

131 E Green St,
Ithaca, NY 14850

Studio - 2 Beds | $1,999 - $3,539

Library Place

Library Place

105 W Court St,
Ithaca, NY 14850

1-3 Beds | $2,500 - $4,500

RIDGETOP Apartments in Collegetown

RIDGETOP Apartments in Collegetown

325-327 Eddy St,
Ithaca, NY 14850

1-5 Beds | $1,200 - $6,000

Property Management Companies in Ithaca, NY

Solomon Organization
Solomon Organization
  • 54

    Communities

  • 21,307

    Units

  • 44

    Cities

4 Communities in Ithaca
Park Grove Realty, LLC
Park Grove Realty, LLC
  • 10

    Communities

  • 864

    Units

  • 8

    Cities

3 Communities in Ithaca
HH Fund
HH Fund
  • 10

    Communities

  • 969

    Units

  • 6

    Cities

2 Communities in Ithaca
Greystar
Greystar
  • 3,269

    Communities

  • 908,540

    Units

  • 845

    Cities

1 Community in Ithaca
Winn Companies
Winn Companies
  • 132

    Communities

  • 28,395

    Units

  • 91

    Cities

1 Community in Ithaca
Cardinal Group Management and Advisory, LLC
Cardinal Group Management and Advisory, LLC
  • 146

    Communities

  • 30,411

    Units

  • 85

    Cities

1 Community in Ithaca
DHM Properties
DHM Properties
  • 28

    Communities

  • 6,802

    Units

  • 20

    Cities

1 Community in Ithaca
Tripalink
Tripalink
  • 58

    Communities

  • 4,493

    Units

  • 16

    Cities

1 Community in Ithaca

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United States New York Ithaca Rental Trends

Methodology

† 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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity