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Apartments in Ithaca

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8.0% increase in rents last month
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Ithaca:
A Local Perspective

Ithaca is one of the most quintessential college towns in the United States. The students attending Cornell University number 20,000, nearly two-thirds of the full time population of the town. Combine that with the two smaller schools of Ithaca College and Tompkins Cortland Community College, and it becomes clear why student culture is alive and well in Ithaca.

Ithaca is well known for being a beautiful town, with stunning scenery both on the Cornell campus, and in the countryside surrounding the community. Cornell is one of the elite "Ivy League" schools, representing what is typically recognized as the best education available in the country. With 44 Nobel Laureates among its graduates, Cornell's results speak for themselves.

Ithaca NY

Finding an Ithaca Apartment

When to search

Ithaca has very limited apartment availability. It actually only has a fraction of the available rental units when compared to the national average. For this reason, it is important to start your search as early as possible. If you accept a placement at Cornell and want to live off campus, you should start apartment hunting as soon as you've decided to attend.

How to Search

Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.

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Apartments with Amenities
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Houses For Rent

Neighborhoods

Fall Creek
West Hill

Campuses Nearby

Cornell University
Ithaca College

Life in Ithaca

Transportation

You will be hard pressed to find a similarly sized town with a better public transit system than Ithaca. The TCAT system connects all major points in Ithaca, and provides a great means for commuting from an apartment to the University. It also connects to the surrounding county and is a provides a means for easily touring around to some of the surrounding country.

Where to play

If you like live music, you'll enjoy the bustling music scene Ithaca is home to. The University also has many attractions worth visiting, including Cornell Plantations, which is a large botanical garden. There are several worthwhile waterfalls nearby the city that make for great day hikes. If you're just looking for a place to wet your whistle, head to one of the many Collegetown bars.

Ithaca:
July Rent Report

Welcome to the July 2022 Ithaca Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2022 key findings and figures for the Ithaca rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Ithaca and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Ithaca average rent prices in the chart below.

Monthly Rent Report

Ithaca Rent Prices Increase From June to July

Ithaca rent prices increased over the last month. From June to July, the city experienced a 8.02% increase for the price of a one-bedroom apartment. The rent price for a Ithaca one-bedroom apartments currently stands at $1,279.0.

When we take a look at the two-bedroom comparison from June to July, Ithaca experienced a 11.56% increase for the price of a two-bedroom apartment. The rent price for a Ithaca two-bedroom apartments currently stands at $1,679.0.

July Prices: Ithaca vs. Surrounding Areas

Rent Prices in Ithaca and Surrounding Areas

Rent prices have increased in Ithaca over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Ithaca suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Ithaca suburbs

  • Rents did not decrease in any of the Ithaca suburbs.

July 2022 Pricing Trends: Ithaca vs. National Comparisons

Ithaca Rent Prices More Affordable Than Major Cities

Rent growth in Ithaca over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Ithaca average rent prices appear to be relatively affordable for local residents.

The price for a Ithaca one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's July 2022 National Apartment Report and data set here.

For more information about Ithaca and surrounding area rent prices, take a look at the complete data set below.

Data set for Ithaca and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Ithaca, NY $1,184.0 5.34% $1,505.0 6.74%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.