Library Place
105 W Court St,
Ithaca, NY 14850
$3,400 - $3,500
2 Beds
Rental Market Trends in Ithaca, NY
What is the average rent in Ithaca, NY?
$1,849/month
Average Rent
645 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of January 2026, the average rent in Ithaca, NY is $1,849 per month. For comparison, the national average rent price in the US is currently $1,625/month, which means Ithaca rent prices are 14% higher than the national average. When you rent an apartment in Ithaca, you can expect to pay about $1,672 per month for a studio, $1,849 for a one-bedroom apartment, and around $2,086 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,393 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 decreased by 1.7%, which averages out to $31 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Ithaca, NY
Last Updated January 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
9%
$700 - $1,000/month
15%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
40%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Ithaca?
Based on current rent prices, Ithaca Downtown Historic District, Northwest Ithaca and Downtown Ithaca are the most expensive neighborhoods in Ithaca.
Neighborhood
Average Rent
Average Sq Ft
Which Ithaca neighborhoods have the most rentals available?
The neighborhoods in Ithaca with the most apartments available are Ithaca, Collegetown and East Ithaca .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Ithaca, NY?
Because the average rent in Ithaca is $1,849, you’ll want to make about $6,163 per month or $73,956 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 3.2% higher than the national average. Generally, housing in Ithaca is 0.0% less expensive than the national average, with rent falling between $1,672 - $2,393. You can expect to pay 4.2% less for groceries, 6.3% more for utilities, and 16.2% more for transportation.
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.
Studio
$1,600/month
-
One Bedroom
$1,596/month
-
Two Bedroom
$1,852/month
-
Three Bedroom
$2,362/month
-
Apartment communities in Ithaca we think you'll love
Property Management Companies in Ithaca, NY
Travis Hyde Properties
-
10
Communities
-
408
Units
-
2
Cities
9 Communities in Ithaca
Solomon Organization
-
56
Communities
-
21,651
Units
-
45
Cities
3 Communities in Ithaca
The Scion Group
-
31
Communities
-
8,839
Units
-
22
Cities
3 Communities in Ithaca
Park Grove Realty, LLC
-
10
Communities
-
864
Units
-
8
Cities
3 Communities in Ithaca
Greystar
-
3,447
Communities
-
951,532
Units
-
888
Cities
1 Community in Ithaca
Winn Companies
-
163
Communities
-
33,080
Units
-
114
Cities
1 Community in Ithaca
Cardinal Group Management and Advisory, LLC
-
159
Communities
-
31,774
Units
-
82
Cities
1 Community in Ithaca
DHM Properties
-
29
Communities
-
6,991
Units
-
21
Cities
1 Community in Ithaca
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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 November 2025.
* Percentages may not total 100 due to rounding.