Zumper
modified
19 Hours Ago

Highlights

  • Private entrance
  • Large kitchen
  • On-site laundry facilities
  • Spacious living room
  • Professional on-site management
  • Pet-friendly community

Location

516 University Ave, Ithaca, NY 14850, USA
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Contact

Management

Ravenwood

Leasing office

(607) 275-5341

Property Overview

Ravenwood offers an appealing package with a Zumper expert rating of 8.4, highlighting its strong price-to-value ratio and excellent amenities, including a large kitchen and on-site laundry facilities. The property is strategically located near respected schools and features a vibrant neighborhood rich with museums and cultural centers. With a high trustworthiness rating, it stands out as a pet-friendly community that balances comfort, convenience, and quality living.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, Ravenwood is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Ravenwood has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Elementary school nearby
  • Less expensive

Great for

  • Work-from-home
  • Social life

Floor plans

3x1 (C01, C02, D01, D02, E02)3 bed1 bath850 sqft$2,470 /mo1 unit availableLocated just one block from the edge of Cornell’s West Campus, this 3-bedroom apartment at Ravenwood blends modern comfort, convenience, and effortless living in a prime Ithaca location. There are two well-lit parking lots on site, parking is easy, accessible and for LIMITED TIME PARKING IS FREE. Public transportation couldn’t be more convenient — the bus stop sits right at the corner of University Ave. and Lake St. for straightforward access to campus, downtown, and beyond. Community and apartment features include: - Fully furnished with living room, bedroom, and TV furnishings included - Large kitchen with essential appliances (refrigerator, microwave, dishwasher) - Water & sewer included, trash with small annual fee - On-site laundry facilities - Reserved and on-site parking options - High-speed internet available - Pet-friendly community - 24/7 emergency maintenance and professional on-site management Situated in one of Ithaca’s most walkable areas, this apartment brings campus, transit, and local dining and shopping just minutes from your door. Apartment available now or for 2026/2027.
5x1 (D05)5 bed1 bath1,600 sqft$4,000 /mo1 unit availableLocated just one block from the edge of Cornell’s West Campus, this 5-bedroom apartment at Ravenwood offers spacious, fully furnished living in a prime campus-adjacent location. The apartment includes comfortable living room furniture, desks, dressers, and your choice of single or double beds in each bedroom. Each unit features a private entrance and a large kitchen, ideal for shared living. Two well-lit parking lots accommodate most parking needs, and a bus stop is conveniently located right outside at the corner of University Ave. and Lake St. Living with you friends has never been easier!

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

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Building details

Property details

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About Ravenwood

HomeApartments in Ithaca Ravenwood

Located just one block from the edge of Cornell’s West Campus, this 3-bedroom apartment at Ravenwood blends modern comfort, convenience, and effortless living in a prime Ithaca location. There are two well-lit parking lots on site, parking is easy, accessible and for LIMITED TIME PARKING IS FREE. Public transportation couldn’t be more convenient — the bus stop sits right at the corner of University Ave. and Lake St. for straightforward access to campus, downtown, and beyond. Community and apartment features include: - Fully furnished with living room, bedroom, and TV furnishings included - Large kitchen with essential appliances (refrigerator, microwave, dishwasher) - Water & sewer included, trash with small annual fee - On-site laundry facilities - Reserved and on-site parking options - High-speed internet available - Pet-friendly community - 24/7 emergency maintenance and professional on-site management Situated in one of Ithaca’s most walkable areas, this apartment brings campus, transit, and local dining and shopping just minutes from your door. Apartment available now or for 2026/2027.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Ravenwood is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Ravenwood has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Ravenwood
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Ravenwood offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Ravenwood is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Ravenwood is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Ravenwood does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Ravenwood is great for:

Work-from-home

  • High speed internet is an amenity
  • Quiet environment with little noise pollution
  • 4 internet service provider options nearby

Social life

  • Areas nearby are accessible by walking
  • A bustling neighborhood
  • 78 museums, art galleries, or cultural centers within 1 mile
  • The area has transit options

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Ravenwood compares to other nearby properties.

Positives

More space
The 5-bedroom is 1600 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away
Less expensive
The 5-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away

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Rent trends in Ithaca

3-bedroom apartments at Ravenwood cost about 1% less than the average rent price for 3-bedroom apartments in Ithaca.

Median rents as of Feb 14 2026.
Ithaca
A table of studio rental data trends in Ithaca
MonthMedian Rent
March 2024$1,294
April 2024$1,305
May 2024$1,634
June 2024$2,031
July 2024$1,970
August 2024$1,980
September 2024$1,662
October 2024$1,696
November 2024$1,775
December 2024$1,927
January 2025$1,853
February 2025$1,587
March 2025$1,713
April 2025$1,813
May 2025$1,630
June 2025$1,687
July 2025$1,745
August 2025$2,001
September 2025$1,708
October 2025$1,599
November 2025$1,600
December 2025$1,612
January 2026$1,600
February 2026$1,624

Affordability calculator

Can I afford to live at 516 University Ave?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$98,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $98,800 annually to afford this 3-bedrooms monthly rent price of $2,470.
For more information on rent affordability, visit our rent calculator.

Schools near Ravenwood

Fall Creek Elementary School

202 king st

ithaca, NY, 14850

PK, K-5Public
B

Beverly J. Martin Elementary School

302 w buffalo st

ithaca, NY, 14850

PK, K-5Public
B-

South Hill School

520 hudson st

ithaca, NY, 14850

PK, K-5Public
A-

Belle Sherman School

501 mitchell st

ithaca, NY, 14850

PK, K-5Public
B+

Cayuga Heights Elementary School

110 e upland rd

ithaca, NY, 14850

K-5Public
A-
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Internet available near Ravenwood

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Ithaca near 516 University Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 516 University Ave, Ithaca

Groceries

6/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

4/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Nightlife

4/10
Some bars within walking distance

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