Rent in Ithaca, NY at a glance
2-bedroom rent (HUD)
$1,753$21,036 a year · HUD fiscal year 2026From October 1, 2026: $1,709 (−2.5%)How much rent can you afford in Ithaca, NY?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Ithaca, NY by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,263 | $15,156 | $50,520 | $24.29/hr |
| 1 bedroom | $1,466 | $17,592 | $58,640 | $28.19/hr |
| 2 bedroomsMost searched | $1,753 | $21,036 | $70,120 | $33.71/hr |
| 3 bedrooms | $2,102 | $25,224 | $84,080 | $40.42/hr |
| 4 bedrooms | $2,624 | $31,488 | $104,960 | $50.46/hr |
Living and working in Ithaca, NY
Rent in Ithaca, NY: common questions
How much is rent going down in Ithaca, NY in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,709 for a two-bedroom, down 2.5% from $1,753. A one-bedroom goes from $1,466 to $1,427, a studio from $1,263 to $1,198.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Ithaca, NY?
HUD's Fair Market Rent for 2026 is $1,466 for a one-bedroom and $1,753 for a two-bedroom, utilities included. That is $21,036 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Ithaca, NY?
To keep a $1,753 two-bedroom at 30% of gross pay, one full-time worker needs $33.71 an hour, or $70,120 a year. A one-bedroom at $1,466 takes $28.19 an hour.
How much is a 1, 2 or 3-bedroom apartment in Ithaca, NY?
At HUD's 2026 Fair Market Rent: studio $1,263, one bedroom $1,466, two $1,753, three $2,102 and four $2,624 a month.
Is rent affordable in Ithaca, NY?
For the typical household, earning $48,784 a year ($4,065 a month, Census ACS), a two-bedroom at $1,753 takes 43.1% of income. Under 30% is the usual line for affordable; this is over it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,753 × 12) ÷ 0.30 = $70,120. Divided by 2,080 working hours, that is $33.71 an hour.