Logo Ithaca Fair Market Rent FY 2020 Ithaca, NY MSA Rental Data

Fair Market Rent Prices in Ithaca, NY :
$919 $969 $1,172 $1,496 $1,748
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Ithaca are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Ithaca is $1,172 per month.

The previous year, rent for a two-bedroom home was $1,135 per month. This is a 3.26% increase year-over-year.

This FMR rate applies to Etna, NY, Mc Lean, NY, Jacksonville, NY, Slaterville Springs, NY, Freeville, NY, Ithaca, NY and other cities within the region. The Metro Code or CBSA code for this region is METRO27060M27060.

Additionally, This Fair Market Rent (FMR) area Ithaca, NY MSA spans one county or city in New York which is listed in the table below. Estimated population of Ithaca, NY MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of New York, the Ithaca FMR area is more expensive than 85% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Ithaca. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Ithaca

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1016
1-BR 1-Bedroom $ 1072
2-BR 2-Bedroom $ 1296
3-BR 3-Bedroom $ 1654
4-BR 4-Bedroom $ 1933
Change Year:

There is just one county (listed below) within the Ithaca, NY MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Syracuse.

County / Region Est. Population
Tompkins County, NY Metro 0
Zip Codes in Ithaca, NY MSA

There are 9 unique zip codes in this Fair Market Rent (FMR) area:

13062, 13068, 13102, 14850, 14851, 14852, 14853, 14854 and 14881

Lookup Fair Market Rent by Zip Code