Cheap Homes for Rent in Lakemont, NY from $700 (9 Rentals)

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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.

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.

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 $400. Auden Ithaca in the North Campus neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $699. 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$400
Auden Ithaca3x1 A63BR,1BA$699
Montour Family Apartments1 bedroom 1bath1BR,1BA$785

Best Value Apartments for Rent in Lakemont, NY and Nearby

As of June 18, 2026 the best value apartment in the Lakemont area is the $0.58 price per square foot Full 3 Bedroom Apartment 4 Model at 111 Osmun Place - See Details in the in the North Campus neighborhood starting from $1,050. The second greatest value Lakemont apartment is the 3 Beds, 1 bath Model at West Village Apartments starting at $1,331 with a $1.15 price per square foot in the Western South Hill neighborhood. 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.
111 Osmun Place - See DetailsFull 3 Bedroom Apartment 43BR,1BA$0.58
West Village Apartments3 Beds, 1 bath3BR,1BA$1.15
The Meadows at Ithaca Townhomes2x1.5b2BR,1.5BA$2.11
Westbourne ApartmentsThree Bedroom-Halfbath3BR,1.5BA$1.95
306 Highland Rd3 Bedrooms3BR,1BA$0.73
Country Falls ApartmentsTwo Bedroom2BR,1BA$0.91
Linderman Creek2 Bedroom2BR,1BA$1.72
The Overlook at West HillOne Bedroom1BR,1BA$1.96
Montour Family Apartments1 bedroom 1bath1BR,1BA$1.14
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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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

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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 Lakemont

What type of rentals are currently available in Lakemont?

There are currently 46 Apartments for Rent in Lakemont, NY with pricing that ranges from $600 to $5,855. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakemont ranging from $750 to $5,005.

What is the current price range for Rental Homes in Lakemont?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakemont ranges from $750 to $5,005 with an average monthly rent of $2,235.

How much are larger Three and Four Bedroom Rentals in Lakemont?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakemont range from $649 to $4,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $5,005. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $749.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.