Rent in Ithaca, NY
Across Ithaca's 4 ZIP codes, a 2-bedroom typically rents for about $1,709 a month, with figures from $1,663–$1,709. The highest typical rent is in 14853 ($1,709) and the lowest in 14850 ($1,663). 1 ZIP has ZIP-level figures from HUD or Census; the other 3 use the county Fair Market Rent. Owner-occupied homes in Tompkins County pay about 2.24% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,198 | $1,076–$1,198 | 4 |
| 1 bed | $1,427 | $1,314–$1,427 | 4 |
| 2 beds | $1,709 | $1,663–$1,709 | 4 |
| 3 beds | $2,040 | $1,724–$2,040 | 4 |
| 4 beds | $2,631 | $2,255–$2,631 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Ithaca ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Ithaca, NY?
- About $1,709 a month: the median of the typical rents in 4 ZIP codes, which range from $1,663–$1,709. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Ithaca, NY?
- About $1,427 a month: the median of the typical rents in 4 ZIP codes, which range from $1,314–$1,427. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Ithaca, NY?
- About $2,040 a month: the median of the typical rents in 4 ZIP codes, which range from $1,724–$2,040. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Ithaca, NY?
- About $1,198 a month: the median of the typical rents in 4 ZIP codes, which range from $1,076–$1,198. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Ithaca, NY?
- About $2,631 a month: the median of the typical rents in 4 ZIP codes, which range from $2,255–$2,631. Figures are gross rent (rent plus tenant-paid utilities).
- Which Ithaca ZIP code has the highest rent?
- For a 2-bedroom, 14853 has the highest typical rent at $1,709 a month, and 14850 the lowest at $1,663.
- What is the property tax rate in Ithaca, NY?
- Owner-occupied homes in Tompkins County pay a typical 2.24% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Ithaca rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).