The Aurora
201 Cayuga Park Ln,
Ithaca, NY 14850
Studio - 3 Beds | $2,285 - $4,040
Rental Market Trends in Ithaca, NY
Updated July 2026
The average rent in Ithaca, NY is $1,833/month.
Rent in Ithaca is roughly equal to the national average rent of of $1,663/month.
$1,833/month
Average Rent
643 Sq Ft
Average Size
-2.6%
Change / Year
1,383
Available Apartments
Ithaca rent varies by unit size and layout:
- Studio apartments in Ithaca average $1,684 per month.
- One-bedroom apartments in Ithaca average $1,833 per month.
- Two-bedroom apartments in Ithaca average $2,112 per month.
- Three-bedroom apartments in Ithaca average $2,326 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Ithaca, NY?
In the past year, rent has decreased by 2.6%, which averages out to $47 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Ithaca, NY
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
15%
$1,001 - $1,500/month
36%
$1,501 - $2,000/month
40%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Ithaca?
Based on current rent prices, East Ithaca, Cayuga Heights and Northeast Ithaca 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, Northwest Ithaca, Downtown Ithaca and 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, Downtown Ithaca and Collegetown .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Ithaca, NY?
Because the average rent in Ithaca is $1,833, you’ll want to make about $6,110 per month or $73,320 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 3.1% higher than the national average. Generally, housing in Ithaca is 0.3% less expensive than the national average, with rent falling between $1,684 - $2,326. You can expect to pay 4.1% less for groceries, 6.7% more for utilities, and 16.3% 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.
View the Ithaca Area GuideStudio
$1,549/month
-
One Bedroom
$1,700/month
$1,345/month
Two Bedroom
$2,152/month
$1,388/month
Three Bedroom
$2,911/month
-
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Frequently Asked Questions
What is the average rent in Ithaca?
The average rent in Ithaca is $1,833 per month, which is 10.2% higher than the national average of $1,663.
What is the average rent for a house in Ithaca?
The average rent for a house in Ithaca, NY is $2,333 per month.
Are rents going up or down in Ithaca?
Rents in Ithaca, NY are decreasing, with prices down 2.6% year-over-year and $47 less per month.
What rent range is most common in Ithaca?
In Ithaca, NY, 40% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.