Ithaca, NY MSA
FY 2026 HUD Fair Market Rents for the Ithaca, NY MSA metro area. Population: 102,555.
Fair Market Rents (2026)
Studio
National avg: $893
$1,263/mo
↓ 4.3% YoY
+41% vs US
1 Bedroom
National avg: $959
$1,466/mo
↓ 1.5% YoY
+53% vs US
2 Bedroom
National avg: $1,175
$1,753/mo
↑ 3.0% YoY
+49% vs US
3 Bedroom
National avg: $1,525
$2,102/mo
↑ 2.5% YoY
+38% vs US
4 Bedroom
National avg: $1,756
$2,624/mo
↑ 11.5% YoY
+49% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,320 | $1,263 | $-57 (-4.3%) |
| 1 Bedroom | $1,489 | $1,466 | $-23 (-1.5%) |
| 2 Bedroom | $1,702 | $1,753 | +$51 (+3.0%) |
| 3 Bedroom | $2,051 | $2,102 | +$51 (+2.5%) |
| 4 Bedroom | $2,353 | $2,624 | +$271 (+11.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$58,640
$4,887/month gross
Required annual income for 2 BR
$70,120
$5,843/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.