Cheap Apartments for Rent near Lakemont, NY from $600 (31 Rentals)

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

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

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property at 105 N Quarry St
$800 - $825
5 Bedroom Rentals
Available Jan 1, 2027
Furnished

105 N Quarry St

IthacaNY14850

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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514 W State St
1 Bedroom Apartments

514 W State St

514 W State StIthaca, NY 14850
  • Utilities Included
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Commons West
Studio to 3 Bedroom Apartments

Commons West

101-107 E State StIthaca, NY 14850
  • 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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222 N Albany St
2 Bedroom Apartments

222 N Albany St

222 N Albany StIthaca, NY 14850
  • Utilities Included
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Harolds Square
Studio to 2 Bedroom Apartments

Harolds Square

125 E State StIthaca, NY 14850
  • Utilities Included
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318 E Seneca St
1 to 2 Bedroom Apartments

318 E Seneca St

318 E Seneca StIthaca, NY 14850
  • Utilities Included

Lakemont, NY Local Guide

Cheapest Available Lakemont Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakemont, NY is a 1 Bed unit found at St Marks Terrace Dundee priced from $600. Montour Family Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Lakemont apartments for rent:

Apartment ListingModel NameBed/BathPriced From
St Marks Terrace Dundee1 bed 1 bath1BR, 1BA$600
Montour Family Apartments1 bedroom 1bath1BR, 1BA$785
Country Falls ApartmentsTwo Bedroom2BR, 1BA$795
The Overlook at West HillTwo Bedroom2BR, 1BA$812
111 Osmun Place - See DetailsFull 5 Bedroom Apartment 25BR, 1BA$1,050
120 Westbourne Lane A Baker House Residence3BR/2BA3BR, 2BA$1,079
West Village Apartments2 Beds, 1 bath2BR, 1BA$1,113
Edgecliff Apartments1x1 (6)1BR, 1BA$1,305
Lansing West ApartmentsThe Otisco1BR, 1BA$1,310
Linderman Creek2 Bedroom2BR, 1BA$1,445

Best Value Apartments for Rent in Lakemont, NY and Nearby

As of September 22, 2026 the best value apartment in the Lakemont area is the $1.19 price per square foot Entire House Model at Cayuga Heights House for Rent in the Cornell Heights neighborhood starting from $3,200. The second greatest value Lakemont apartment is the Full 3 Bedroom Apartment 4 Model at 111 Osmun Place - See Details in the Ithaca neighborhood starting at $1,050 with a $0.58 price per square foot. Here is today’s list of the best values for Lakemont apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cayuga Heights House for RentEntire House4BR, 2.5BA$1.19
111 Osmun Place - See DetailsFull 3 Bedroom Apartment 43BR, 1BA$0.58
West Village Apartments3 Beds, 1 bath3BR, 1BA$1.23
The PinnacleMale Only: Private Room in Two-Bedroom, Two-Bath2BR, 2BA$1.67
Country Falls ApartmentsTwo Bedroom2BR, 1BA$0.91
Linderman Creek2 Bedroom2BR, 1BA$1.72
The Overlook at West HillTwo Bedroom2BR, 1BA$0.98
Montour Family Apartments1 bedroom 1bath1BR, 1BA$1.08
509 Wyckoff RdOne Bedroom1BR, 1BA$1.77
St Marks Terrace Dundee1 bed 1 bath1BR, 1BA$1.09

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!

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Frequently Asked Questions about Cheap Lakemont Apartments

What is the Cheapest Studio apartment in Lakemont?

Currently the most affordable Cheap Studio Apartment in Lakemont is at City View Apartments listed at $1,575.

How much is rent for a Cheap One Bedroom Lakemont Apartment?

The lowest price for a Cheap One Bedroom Lakemont Apartment is $600 at St Marks Terrace Dundee.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lakemont is starting from $795 at Country Falls Apartments.

What is the most affordable Lakemont Three Bedroom Apartment?

The best deal on a cheap Lakemont Three Bedroom Apartment rental is at 120 Westbourne Lane A Baker House Residence and starts from $1,079.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.