Lake Placid 2014

I found a lot of hotels that had rooms this February for this year's race weekend, but most had multi-day requirements and prices that were above what I really wanted to pay.  Three to four day minimum and $200+ a night.  There may have been some cheaper/less restrictive available but I ended up giving up and deciding to camp for my volunteer year at one of the state parks in the area.  When I go in '14 I will probably just suck it up and get something near the action.

That doesn't really answer your question, but if camping is an option its a lot cheaper. 

Yep, the hotel rooms fill up about as quickly as the race.  When I signed up for 2012 (in 2011), I made my hotel reservation the very same day and several places were already booked.

I have heard that you can get rooms in January, February, March....as people cancel; however, I was not willing to take that chance.

I stayed at a place called Town & Country Motor Inn (a referral that I got from BT).  We rented the apartment there and paid $250 per night (5 night minimum, I believe).  It had a bedroom, living room and full kitchen along with a separate, private entrance.  We were very happy there and I would definitely stay there again.

This place is within walking distance to Main Street (about 1 mile from the Oval); so close enough to walk, but off the beaten path of all the commotion.

I also had a referral to Art Devlins Motor Inn and tried to reserve there (they are a bit closer), but they were already booked.  They did offer to put me on a waiting list though.

Good luck to you!  Lake Placid is amazing .