Cheap Apartments for Rent near Lake Placid, NY from $800 (35 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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THE TRAILS AT MALONE
1 to 3 Bedroom Apartments

THE TRAILS AT MALONE

166 Falling Leaf DrMalone, NY 12953
  • Utilities Included

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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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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Showing Results 1-35, Page 1 of 1

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 2 Beds apartment currently listed from $1,148. 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 MALONETwo Bedroom One Bath2BR,1BA$1,148
9 River StApt 21BR,1BA$1,150
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
Keen's CrossingAsh1BR,1BA$1,697

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

As of July 27, 2026 the best value apartment in the Lake Placid area is the $1.94 price per square foot 5 Bedroom 2 Bath Model at 56 Drew St in the in the Centennial neighborhood starting from $3,200. The second greatest value Lake Placid apartment is the Two Bedroom Town House Model at Millhouse Terrace starting at $2,700 with a $2.43 price per square foot in the Centennial neighborhood. 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.
56 Drew St5 Bedroom 2 Bath5BR,2BA$1.94
Millhouse TerraceTwo Bedroom Town House2BR,1BA$2.43
Winooski BlockWinooski Block | 1 Bed (3-15 East Allen)1BR,1BA$1.61
5 Corners2 Bed 2 Bath2BR,2BA$2.13
THE TRAILS AT MALONETwo Bedroom One Bath2BR,1BA$1.26
Mansfield ApartmentsOne Bedroom One Bath1BR,1BA$2.24
Riverside In the Village1 Bedroom with washer and dryer1BR,1BA$2.20
Millhouse WestWest 2 Bedroom2BR,1BA$2.32
30 City Hall PlOne Bedroom1BR,1BA$2.11
Spinner Place3x23BR,2BA$2.32

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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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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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 $1,150 at 9 River St.

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.

What is the most affordable Lake Placid Three Bedroom Apartment?

The best deal on a cheap Lake Placid Three Bedroom Apartment rental is at 30 City Hall Pl and starts from $1,775.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.