
Cheap Apartments for Rent in Rainbow Lake, NY from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Rainbow Lake.


Norwood Village Apartments

Baldwin Acres

Pines Senior Living

403-407 College Street
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.

30 City Hall Pl

Packard Lofts

Quarry Hill Club & Condominiums

South End Apartments

49 W Main St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

THE TRAILS AT MALONE

Meadow East Apartments

77 Sailly Ave

9 River St

10 Lafayette Pl
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Rainbow Lake, NY Local Guide

How much does it cost to rent an apartment in Rainbow Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rainbow Lake Studio Apartments | $1,574 | $910 | $2,250 |
| Rainbow Lake 1 Bedroom Apartments | $1,968 | $1,230 | $2,800 |
| Rainbow Lake 2 Bedroom Apartments | $2,221 | $950 | $3,650 |
| Rainbow Lake 3 Bedroom Apartments | $3,113 | $1,789 | $3,750 |
| Rainbow Lake 4 Bedroom Apartments | $3,591 | $1,675 | $5,000 |
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Rainbow Lake, NY Local Guide
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Cheapest Available Rainbow Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Rainbow Lake, 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 Rainbow Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Potsdam Main Street Apartments | Standard Studio | Studio,1BA | $910 |
| THE TRAILS AT MALONE | One Bedroom One Bath | 1BR,1BA | $948 |
| Baldwin Acres | 1BR | 1BR,1BA | $1,078 |
| Pines Senior Living | 1br/1ba-Income Restricted | 1BR,1BA | $1,230 |
| 30 City Hall Pl | One Bedroom | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Rainbow Lake, NY and Nearby
As of January 08, 2026 the best value apartment in the Rainbow Lake area is the $2.34 price per square foot 3 Bedroom 2 Bath Model at 403-407 College Street in the in the Centennial neighborhood starting from $3,750. The second greatest value Rainbow Lake apartment is the Two Bedroom Town House Model at Millhouse Terrace starting at $2,800 with a $2.52 price per square foot in the Centennial neighborhood. Here is today’s list of the best values for Rainbow Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 403-407 College Street | 3 Bedroom 2 Bath | 3BR,2BA | $2.34 |
| Millhouse Terrace | Two Bedroom Town House | 2BR,1BA | $2.52 |
| 5 Corners | Corner Unit W/Balcony | 2BR,2BA | $2.40 |
| Farm Stand | One Bed One Bath | 1BR,1BA | $2.34 |
| Packard Lofts | 22 - INCOME RESTRICTED | 2BR,1BA | $1.50 |
| Winooski Block | Winooski Block 33 East Allen | 1BR,1BA | $2.03 |
| 30 City Hall Pl | One Bedroom | 1BR,1BA | $1.96 |
| Baldwin Acres | 1BR | 1BR,1BA | $1.72 |
| THE TRAILS AT MALONE | One Bedroom One Bath | 1BR,1BA | $1.65 |
| Broad Street Commons | 1x1 | 1BR,1BA | $2.29 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Rainbow Lake, NY Rentals by Map
See the most popular apartments and homes in Rainbow Lake, NY
Frequently Asked Questions about Cheap Rainbow Lake Apartments
What is the Cheapest Studio apartment in Rainbow Lake?
Currently the most affordable Cheap Studio Apartment in Rainbow Lake is at Potsdam Main Street Apartments listed at $910.
How much is rent for a Cheap One Bedroom Rainbow Lake Apartment?
The lowest price for a Cheap One Bedroom Rainbow Lake Apartment is $948 at THE TRAILS AT MALONE.
What is the lowest price for a Cheap Two Bedroom Rainbow Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Rainbow Lake is starting from $1,315 at Potsdam Main Street Apartments.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!