Apartments Under $700 in Ithaca, NY

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Apartments Under $700 in Ithaca, NY

Search and browse 1004 apartments under $700 available for rent in Ithaca, NY. With apartments that span the entire city, you will find an apartment in Ithaca for just the right price. During your search, sort your favorite apartments under $700 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Ithaca apartment before you know it.

Ithaca:
October Rent Report

Welcome to the October 2020 Ithaca Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the October 2020 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 rent prices in the chart below.

Monthly Rent Report

Ithaca Rent Prices Decrease From September to October

Ithaca rent prices decreased over the last month. From September to October, the city experienced a -3.35% decrease for the price of a one-bedroom apartment. The rent price for a Ithaca one-bedroom apartments currently stands at $1,183.0.

When we take a look at the two-bedroom comparison from September to October, Ithaca experienced a -1.68% decrease for the price of a two-bedroom apartment. The rent price for a Ithaca two-bedroom apartments currently stands at $1,636.0.

October Prices: Ithaca vs. Surrounding Areas

Rent Prices in Ithaca and Surrounding Areas

Rent prices have decreased 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.

October 2020 Pricing Trends: Ithaca vs. National Comparisons

Ithaca Rent Prices More Affordable Than Major Cities

Rent growth in Ithaca over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Ithaca 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 ABODO's October 2020 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 October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
Ithaca, NY $1,224.0 -2.31% $1,664.0 -0.18%

Methodology

Each month, using over 1 million ABODO 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.