$2,590 - $6,475
Total Monthly Price
- 2 - 5 Beds
- 2 Baths
- 1,000 Sq Ft
- Condo for Rent
112 Highland Place, Ithaca, NY 14850
Frequently Asked Questions
How much does it cost to rent a condo in Ithaca, NY?
The median rent for a condo in Ithaca, NY is $2,075 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Ithaca, NY?
To comfortably afford the median rent in Ithaca, NY, a household needs to earn roughly $95,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,375 per month in Ithaca, NY, renters typically need to show $7,125 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Ithaca, NY?
In Ithaca, NY, the price-to-rent ratio is 16.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Ithaca, NY are best for renting a condo?
The best neighborhood for renting in Ithaca, NY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Washington Park, Fall Creek, Downtown Ithaca, South Hill and East Hill, each with its own character and price range.
