Rental Market Trends in Lake Placid, NY
What is the average rent in Lake Placid, NY?
$1,115/month
Average Rent
650 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of January 2026, the average rent in Lake Placid, NY is $1,115 per month. This is 31% lower than the national average rent of $1,624/month, making renting in Lake Placid more affordable than most cities in the US. When you rent an apartment in Lake Placid, you can expect to pay about $634 per month for a studio, $1,115 for a one-bedroom apartment, and around for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
How much has average rent changed in Lake Placid, NY?
In the past year, rent has increased by 1.3%, which averages out to $15 more per month.
What salary do I need to live comfortably in Lake Placid, NY?
Because the average rent in Lake Placid is $1,115, you’ll want to make about $3,716 per month or $44,592 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Placid, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Placid, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.