$16,000 Per Month
- 3 Beds
- 1 Bath
- 1,100 Sq Ft
- NE
918 Danby Rd Unit NE-1, Ithaca, NY 14850
Frequently Asked Questions
How much does it cost to rent a home in Ithaca, NY?
The median rent for a home in Ithaca, NY is $1,997 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $79,880 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 $1,997 per month in Ithaca, NY, renters typically need to show $5,991 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 19.3, 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 home?
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 home include Downtown Ithaca, Fall Creek, South Hill, East Hill and Bryant Park and Belle Sherman, each with its own character and price range.
