Cheap Apartments for Rent near Lake Placid, NY from $850 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Placid.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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THE TRAILS AT MALONE
1 to 3 Bedroom Apartments

THE TRAILS AT MALONE

166 Falling Leaf DrMalone, NY 12953
  • Utilities Included
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9 River St
Studio to 2 Bedroom Apartments

9 River St

9 River StSaranac Lake, NY 12983
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 19 Grant St
$1,175 - $1,500
Studio Rentals
Available Nov 1
Affordability

19 Grant St

BurlingtonVT05401
property at 133 Elmwood Ave
$1,600 - $2,000
1 To 2 Bedroom Rentals
Available Oct 1
Affordability

133 Elmwood Ave

BurlingtonVT05401
property at 105 S Union St
$1,730 - $5,020
1 To 4 Bedroom Rentals
Available Jun 1, 2027
Affordability

105 S Union St

BurlingtonVT05401

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-50, Page 1 of 2

Lake Placid, NY Local Guide

Cheapest Available Lake Placid Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Placid, NY is a Studio unit found at Potsdam Main Street Apartments priced from $910. THE TRAILS AT MALONE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $948. Here is today’s list of the most affordable Lake Placid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Potsdam Main Street ApartmentsStandard StudioStudio,1BA$910
THE TRAILS AT MALONEOne Bedroom One Bath1BR,1BA$948
Keen's CrossingCedar2BR,2BA$1,397
187 Pearl StStudio One Bathroom1BR,1BA$1,450
30 City Hall PlOne Bedroom1BR,1BA$1,475
Quarry Hill Club & CondominiumsBuilding 430 StudiosStudio,1BA$1,495
Winooski BlockWinooski Block | 1 Bed with den (33 East Alle1BR,1BA$1,600
11 Park Street ApartmentsStudioStudio,1BA$1,600
328 College St1 Bedroom1BR,1BA$1,600
5 Corners1 bed 1 bath1BR,1BA$1,650

Best Value Apartments for Rent in Lake Placid, NY and Nearby

As of September 11, 2026 the best value apartment in the Lake Placid area is the $1.70 price per square foot 2 Bedroom 2 bath unit with w/d Model at Riverside In the Village in the starting from $2,200. The second greatest value Lake Placid apartment is the 2BR/2.0BA Model at Village at Autumn Pond starting at $2,525 with a $2.24 price per square foot . Here is today’s list of the best values for Lake Placid apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Riverside In the Village2 Bedroom 2 bath unit with w/d2BR,2BA$1.70
Village at Autumn Pond2BR/2.0BA2BR,2BA$2.24
Millhouse TerraceTwo Bedroom Town House2BR,1BA$2.43
Winooski BlockWinooski Block | 1 Bed (3-15 East Allen)1BR,1BA$1.61
Toad LaneToad Lane | 2 Bed2BR,2BA$1.81
5 Corners2 Bed 2 Bath2BR,2BA$2.13
Mansfield ApartmentsOne Bedroom One Bath1BR,1BA$2.24
Millhouse WestWest 2 Bedroom2BR,1BA$2.32
30 City Hall PlOne Bedroom1BR,1BA$2.11
THE TRAILS AT MALONEOne Bedroom One Bath1BR,1BA$1.65

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Placid, NY Rentals by Map

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See the most popular apartments and homes in Lake Placid, NY

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Frequently Asked Questions about Cheap Lake Placid Apartments

What is the Cheapest Studio apartment in Lake Placid?

Currently the most affordable Cheap Studio Apartment in Lake Placid is at Potsdam Main Street Apartments listed at $910.

How much is rent for a Cheap One Bedroom Lake Placid Apartment?

The lowest price for a Cheap One Bedroom Lake Placid Apartment is $948 at THE TRAILS AT MALONE.

What is the lowest price for a Cheap Two Bedroom Lake Placid Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Placid is starting from $1,148 at THE TRAILS AT MALONE.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.