Cheap Homes for Rent in Lake Placid, NY from $900 (9 Rentals)

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

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.

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.

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 $875. 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$875
THE TRAILS AT MALONETwo Bedroom One Bath2BR,1BA$1,148
9 River StApt 21BR,1BA$1,150

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

As of July 07, 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 14 Franklin St Model at Riverside In the Village starting at $2,300 with a $1.79 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.
56 Drew St5 Bedroom 2 Bath5BR,2BA$1.94
Riverside In the Village14 Franklin St2BR,1.5BA$1.79
Winooski BlockWinooski Block | 1 Bed (3-15 East Allen)1BR,1BA$1.61
Quarry Hill Apartments2 Br, 2 Ba2BR,2BA$2.14
Toad LaneToad Lane | 2 Bed2BR,2BA$1.91
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
Catamount RidgeCatamount Ridge | 1 Bed 1 Bath1BR,1BA$2.12
30 City Hall PlOne Bedroom1BR,1BA$2.11

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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Quick Rent Budget Calculator

How much rent can you afford?

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!

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Frequently Asked Questions about Lake Placid

What type of rentals are currently available in Lake Placid?

There are currently 79 Apartments for Rent in Lake Placid, NY with pricing that ranges from $850 to $4,900. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Placid ranging from $900 to $8,000.

What is the current price range for Rental Homes in Lake Placid?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Placid ranges from $900 to $8,000 with an average monthly rent of $2,840.

How much are larger Three and Four Bedroom Rentals in Lake Placid?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Placid range from $1,160 to $2,640, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $5,000. Four Bedroom Single-Family rentals are also available starting from $3,750 and Four Bedroom Apartments start at $975.

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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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.