Find hotels in Lake Placid, NY from $93

Check prices for these dates

This weekend
Next weekend

Filter by

Guest rating
Guest rating
Star rating

Compare 1,038 hotels, room rates, hotel reviews and availability. Most hotels are fully refundable.

Great weekend hotel deals in Lake Placid, NY

Showing deals for:Aug 8 - Aug 10
Save an average of 15% on thousands of hotels when you're signed in

Where to stay in Lake Placid

Find the best Lake Placid areas and neighborhoods for the activities you enjoy most. Learn more about Lake Placid
Learn more about Lake Placid
Hillcrest map

Hillcrest

Hillcrest might not have many top sights, but Mirror Lake and Lake Placid Winter Olympic Museum are two attractions nearby that you can check out.

Lake Placid and related destinations

Visit this scenic district of mountains and lakes before reviving the spirit of the Winter Olympics at the bobsled and ski complexes.

Stay near popular Lake Placid attractions

Top Lake Placid Hotel Reviews

Find out more about Lake Placid

Find out more about Lake Placid

Top reasons to visit Lake Placid

  • Outdoor Adventures: Lake Placid is a haven for outdoor enthusiasts, offering skiing, hiking, and breathtaking views of the Adirondack Mountains.
  • Stunning Scenery: The area boasts pristine lakes and majestic mountains, perfect for relaxation and exploration.
  • Charming Neighborhoods: Experience friendly locals, vibrant shops, and delightful eateries in picturesque surroundings.
  • Rich Cultural Experiences: Discover the area's history, including its historic railways and local traditions.
  • Diverse Accommodations: Choose from cozy bed & breakfasts to luxurious lakeside resorts tailored to your needs.

Find great hotels in Lake Placid

Explore the diverse hotel accommodations in Lake Placid, New York, where you can find everything from cozy bed & breakfasts to luxurious lakeside resorts. Whether you're seeking adventure, a pet-friendly stay, or a relaxing ski getaway, Lake Placid offers a range of options to suit your needs. Discover the best hotels in the Adirondacks and enjoy a memorable vacation in this beautiful destination.

  • Crowne Plaza Lake Placid, an IHG Hotel: Nestled in the heart of Lake Placid, this 3.5-star hotel offers a delightful Beach, Golf, and Family-themed experience. Enjoy direct access to the beach, perfect for relaxing afternoons or family fun. Golf enthusiasts can take advantage of the nearby golf courses, while families will appreciate the child-friendly amenities, including complimentary cribs. The hotel combines leisure and convenience, making it an ideal choice for travelers seeking a balanced getaway.
  • voco Saranac Lake NY Waterfront, an IHG Hotel: Located just 8 miles from Lake Placid, this 3.5-star lodging is perfect for adventure seekers with its Ski, Beach, and Adventure themes. Guests can enjoy direct beach access and are just a short distance from ski shuttles and lifts, making it easy to hit the slopes in winter. Onsite and nearby adventure sports include snowshoeing, canoeing, kayaking, horseback riding, and ice skating. This hotel caters to those looking to immerse themselves in outdoor activities while enjoying the serene waterfront setting.
  • Lake Placid Inn Boutique Hotel: A charming 3-star property located in Lake Placid, the Lake Placid Inn Boutique Hotel combines a Business and Natural theme for a unique stay. Ideal for business travelers, it features accessible 24-hour business center amenities. Guests can also unwind in nature with its inviting terrace, perfect for soaking up the beautiful surroundings. This boutique hotel emphasizes wellness and a tranquil atmosphere, making it an excellent choice for those seeking both productivity and relaxation.

Discover the best areas to stay in Lake Placid

Lake Placid offers an unforgettable vacation experience with its stunning natural scenery and a wide range of outdoor adventures. Explore the charming neighborhoods, where friendly locals welcome you to relax by the private beaches and expansive grounds. Whether you're seeking thrilling activities or peaceful lake views, this destination is perfect for those looking to unwind and embrace the beauty of nature. Make Lake Placid your ultimate overnight getaway and immerse yourself in its rich culture.

  • Saranac Lake: Located 8 miles from Lake Placid, Saranac Lake offers a charming escape with a captivating blend of outdoor adventures and romantic scenery. This city welcomes visitors year-round, with peak traveler arrivals between June and August. Nature enthusiasts can indulge in skiing during winter months, while summer invites exploration of the scenic lakes and parks. Popular activities include hiking, skiing, and enjoying the breathtaking mountain views. The area's local landmarks, such as the picturesque lakes and expansive parks, create an idyllic backdrop for relaxation and adventure alike.
  • Wilmington: Just 11 miles from Lake Placid, Wilmington is a haven for adventure seekers and outdoor lovers. The city experiences a steady flow of visitors, peaking from July to September. Wilmington is renowned for its ski resorts and ample opportunities for thrilling outdoor activities. Skiing reigns supreme during the winter, while the summer months are ideal for hiking and exploring the stunning local parks and mountains. With beautiful lakes and breathtaking scenery surrounding the area, Wilmington promises a vibrant blend of excitement and natural beauty for all who visit.
  • Keene: Situated 9 miles away from Lake Placid, Keene is a quaint town that boasts a rich outdoor experience and scenic landscapes. The visitor flow here is moderately seasonal, peaking from July to September. Adventurers can enjoy skiing in the winter and hiking during the warmer months. Keene's proximity to stunning lakes, majestic mountains, and lush parks provides a perfect setting for both relaxation and exploration. The town's welcoming atmosphere and beautiful surroundings make it an excellent destination for those seeking both adventure and tranquility.

Things to do in Lake Placid

Lake Placid, New York, is a perfect destination for outdoor enthusiasts and adventure seekers. Visitors can enjoy skiing at renowned ski resorts and explore the stunning scenery of the Adirondack Mountains. Local attractions include beautiful hiking trails, vibrant shops, and charming eateries, making it an ideal spot for a memorable vacation filled with activities and breathtaking views.

Food and drinks

Indulge in local flavors at Lisa G's, where American classics meet cozy vibes. For a healthier twist, The Good Bite Kitchen offers delightful vegan and vegetarian options. Don't miss out on iconic dishes like New York Strip Steak and Apple Cider Donuts during your visit to Lake Placid.

Shopping

Main Street offers a delightful shopping experience with charming boutiques and local shops. If you're up for a drive, visit Dartbrook Rustic Goods, 9 miles away, for unique gifts, or check out Adirondack Reflections, located 10 miles from Lake Placid, for exquisite souvenirs.

Recreation

Experience the Olympic Center, where you can feel the energy of past athletes while enjoying various sports activities. For a serene day, head to River Stone Wellness, located 11 miles away, where you can indulge in rejuvenating body treatments and find ultimate relaxation amidst nature.

Adventure

Experience the thrill of skiing at Mount Van Hoevenberg Cross Country Ski Area, offering vibrant sports vibes. For hiking enthusiasts, Brewster Peninsula Nature Trails provides stunning scenery and outdoor adventure. Don’t miss the excitement of the Little Whiteface Ski Lift, located 8 miles from Lake Placid, perfect for ski lovers.

Nightlife

Experience the lively nightlife in Lake Placid at Boots and Birdies, an arcadeAdventureZone perfect for family fun. For a touch of culture and romance, catch a show at The Waterhole theater, or enjoy the charming outdoor vibes at the Adirondack Carousel, both located 8 miles away.

Booking tips and Expedia advantages for Lake Placid

To save money on your trip to Lake Placid, consider visiting during the cheaper months of January, May, or November. Enjoy free attractions like Ausable River and Lake Flower. For transportation, walking, biking, and using the local bus are cost-effective options. Book your hotel about a month in advance for better rates or check Expedia's last-minute deals. Combine your hotel, flights, and activities into a package deal for added savings, and join Expedia’s One Key membership for exclusive discounts. Always sort prices from lowest to highest to find the best deals.

  • The most and least expensive months on average to stay in a hotel: The cheapest months to stay in Lake Placid are January, May and November, where the prices are slightly lower. This is in comparison to February and July to August, where prices are slightly higher.
  • The best time to book a hotel: Booking a hotel in Lake Placid about 1 month out from when you are planning to stay is usually when prices are lowest. If you're a little more spontaneous, you could also peruse Expedia's last minute deals for hotels, look out for the green banner below the price, as this indicates a cheaper deal.
  • Find cheap hotels on Expedia: Utilize Expedia’s search tool to narrow down your options based on your budget, desired location, and preferred type of hotel. To find the best prices and deals, make sure to sort the price filter from lowest to highest.
  • Consider bundling your trip: You can save money by combining your Lake Placid hotel reservations with your flights and activities through an Expedia package deal.
  • Become a One Key member: Join Expedia's One Key membership program for exclusive discounts and deals on hotel bookings. You can also earn OneKeyCash to use on future selected hotels.

Find the best attractions in Lake Placid

Lake Placid, New York, offers a perfect blend of outdoor adventures, stunning scenery, and rich cultural experiences. Visitors can explore the pristine lakes and majestic mountains, while also delving into the area's historic railways. With its unspoiled Adirondack beauty, Lake Placid is an ideal destination for those seeking both relaxation and adventure. Whether you're interested in outdoor activities or simply soaking up the local culture, Lake Placid has something for every traveler.

  • Mirror Lake: Nestled in the heart of Lake Placid, this picturesque lake offers a romantic atmosphere perfect for leisurely strolls, beach outings, and outdoor activities. The stunning scenery, especially at sunset, makes it an ideal spot for relaxation and photo opportunities.
  • Whiteface Mountain: Just 7 miles from Lake Placid, this majestic mountain is a haven for adventure seekers. With breathtaking views and thrilling outdoor activities like hiking and skiing, Whiteface offers an exhilarating experience for nature lovers and adrenaline junkies alike.
  • Olympic Jumping Complex: Located in Lake Placid, this iconic stadium showcases the spirit of sportsmanship. Visitors can explore the facilities, learn about Olympic history, and even watch athletes in action, immersing themselves in the excitement of competitive sports.

Best time to go to Lake Placid

The best time to visit Lake Placid can depend on the weather and when visitor numbers rise and fall. The hottest average temperature in Lake Placid falls in July, when visitor numbers are moderately high and weather is mostly sunny with light rain. The coolest average temperature in Lake Placid falls in January, visitor numbers are moderately low and weather is very cloudy with light rain.

calendar iconCalendar Monthtemperature iconTemperaturerain iconPrecipitationmostly cloudy iconCloudinessoccupation rate iconOccupancyprice iconPricing
January16.2°F (-8.8°C)Light RainVery CloudyModerately LowSlightly Low
February18.1°F (-7.7°C)Light RainVery CloudyModerately HighSlightly High
March26.2°F (-3.2°C)Light RainMostly CloudyAverageAverage
April38.5°F (3.6°C)Light RainMostly CloudyModerately LowAverage
May52.7°F (11.5°C)Light RainMostly CloudyAverageSlightly Low
June59.9°F (15.5°C)Light RainMostly CloudyAverageAverage
July65.7°F (18.7°C)Light RainMostly SunnyModerately HighSlightly High
August63.9°F (17.7°C)Light RainMostly SunnyModerately HighSlightly High
September57.2°F (14.0°C)Light RainMostly SunnyAverageAverage
October45.5°F (7.5°C)Light RainMostly CloudyAverageAverage
November32.7°F (0.4°C)Light RainMostly CloudyModerately LowSlightly Low
December23.9°F (-4.5°C)Light RainMostly CloudyAverageAverage

The nearest major airports for your trip to Lake Placid

When planning your visit to Lake Placid, you have a few airport options. Burlington International Airport (BTV) is 43 miles away, with nearby hotels like the 4-star DoubleTree by Hilton Burlington, located 2 miles from the airport, offering shuttle services on request. Plattsburgh International Airport (PBG) is 37 miles from Lake Placid, with accommodations such as the Days Inn by Wyndham Plattsburgh, just 2 miles away. Lastly, Massena International Airport (MSS) is 62 miles distant, featuring hotels like the Quality Inn Massena, located 2 miles from the airport. Each option provides convenient access to Lake Placid for a memorable vacation.

Frequently asked questions

What is the best area to stay in Lake Placid?
Hillcrest is the best area to stay in Lake Placid, favored by most of our travelers for its serene ambiance and stunning mountain views. Nestled just outside the bustling village, this neighborhood provides a peaceful retreat while still being conveniently close to local attractions. Enjoy easy access to outdoor activities like hiking and skiing, as well as the picturesque Mirror Lake, where you can partake in kayaking or paddleboarding during warmer months.

For couples seeking a romantic escape, Hillcrest offers a tranquil setting great for cozy evenings by the fireplace or leisurely walks along scenic trails. The nearby restaurants serve delicious farm-to-table cuisine, making it a delightful spot for intimate dinners.

Families will appreciate Hillcrest's proximity to family-friendly activities. With plenty of parks and recreational facilities, there's something for everyone. Whether it's exploring the Olympic sites or enjoying a day at the beach, it's a great base for creating lasting memories together.
What are the best hotels in Lake Placid that travelers recommend?
High Peaks Resort is a fantastic choice for travelers seeking a blend of adventure and comfort, boasting an impressive review score of 9.2. With stunning views of both the lake and mountains, this hotel offers premium bedding and designer toiletries to ensure a restful stay. Guests appreciate the proximity to local shopping districts, making it an ideal spot for those looking to explore the vibrant community of Lake Placid.

For families, The Whiteface Lodge stands out with a remarkable 9.6 rating. This luxurious resort features both indoor and outdoor pools, ensuring fun for everyone regardless of the season. With its 24-hour room service, a private beach area, and on-site tennis courts, parents can relax while children engage in activities designed to keep them entertained. The lodge's warm, rustic charm combined with luxury amenities creates a great escape for family bonding moments.

Couples seeking a romantic getaway will find Lake Placid Inn Boutique Hotel particularly appealing, rated at 9.4. This intimate hotel features beautiful lake views, premium bedding, and designer toiletries that enhance the overall experience. With a cozy atmosphere, it allows couples to unwind together after a day of exploring the breathtaking Adirondack region.

For those interested in a charming and unique stay, Lake Placid Stagecoach Inn is a delightful option with an outstanding score of 9.8. This inn offers a touch of history with modern comforts, including Egyptian cotton sheets and champagne service, making it a wonderful retreat for couples or solo travelers looking to indulge in a special experience.

Lastly, the Cambria Hotel Lake Placid - Lakeside Resort, rated 9.4, provides access to both an indoor pool and family-friendly amenities, ensuring that everyone can unwind after a day of adventure. This hotel strikes a great balance between convenience and comfort, making it a solid choice for those traveling with children or in search of a rejuvenating getaway.
What are the best family hotels in Lake Placid?
The Whiteface Lodge in Lake Placid is an exceptional choice for families seeking a blend of luxury and adventure. With a customer review rating of 9.6, this resort offers an abundance of family-friendly amenities, including a supervised children's club and onsite babysitting services. The playground and shared areas provide ample opportunities for kids to explore and play, while parents can relax knowing their little ones are well-cared for. Each suite is equipped with a sofa bed, and cribs are available at no extra cost, making it easy to accommodate families of all sizes.

Another excellent option is the Lake Placid Inn Boutique Hotel, boasting a traveler review score of 9.4. This charming hotel features child-friendly window designs and free cribs, ensuring a safe and comfortable stay for families with young children. The cozy atmosphere and thoughtful amenities make it an inviting retreat after a day of outdoor activities.

For those looking for a lakeside experience, the Cambria Hotel Lake Placid - Lakeside Resort, also rated 9.4, offers connecting rooms for larger families and a refreshing pool, superb for splashing around together. The addition of a microwave allows for quick meal prep, making life easier for families on the go.

Crowne Plaza Lake Placid by IHG is another family-friendly option with a rating of 9.2. This hotel features connecting rooms and rollaway beds, as well as free amenities for children, including cribs and breakfast options. Families can enjoy the convenience of in-room kitchens and daily housekeeping, which adds to a stress-free stay.

Lastly, High Peaks Resort, with an impressive score of 9.2, caters to families with its kids' meal offerings and free cribs. The onsite foosball table and garden provide fun activities for children, ensuring they have plenty to do during their stay. Find more child-friendly accommodations in Lake Placid.
What are the best spa hotels in Lake Placid?
The Whiteface Lodge is a stunning spa hotel in Lake Placid, boasting an impressive rating of 9.6 from guests who appreciate its luxurious feel and attentive service. This remarkable retreat features a full-service spa that includes couples treatment rooms, hot tubs, and a range of rejuvenating services such as massages, body treatments, and manicures. With amenities like a sauna and a Turkish bath, it creates an idyllic environment for relaxation, making it a great choice for travelers looking to unwind after a day of outdoor adventures.

For those seeking an equally exceptional experience, the Lake Placid Stagecoach Inn stands out with a stellar rating of 9.8. This boutique hotel offers an on-site spa where guests can indulge in soothing Swedish massages, enhancing their stay with personal pampering in a cozy setting.

Another commendable option is the Lake Placid Inn Boutique Hotel, rated 9.4, which provides accessible spa services and a friendly setting. This hotel combines comfort and convenience, ensuring that every guest feels catered to throughout their visit. See all spa hotels in Lake Placid.
Which beach resorts in Lake Placid do travelers love?
The Whiteface Lodge is a stunning resort in Lake Placid that travelers rave about, boasting a great rating of 9.6. This luxurious property offers a captivating blend of rustic charm and modern amenities, making it an ideal getaway for families and couples alike. See more stays near the beach in Lake Placid.
What hotels in Lake Placid offer free breakfast?
The Lake Placid Inn Boutique Hotel is a delightful choice for travelers seeking a cozy stay, featuring a complimentary buffet breakfast to kickstart your day. Nestled in the breathtaking mountains, this hotel not only offers scenic views from its balconies and terraces but also has excellent fitness facilities for those looking to stay active during their trip. Guests appreciate the convenient ski storage and proximity to various ski areas, making it an ideal spot for families eager to hit the slopes.

For an even more luxurious experience, consider the Lake Placid Stagecoach Inn. Rated an impressive 9.8 by guests, this adults-only retreat offers a complimentary breakfast as well. With its charming fireplace and premium bedding, it creates an friendly space superb for couples or those seeking a peaceful getaway. The nearby ski lifts and mountain biking opportunities enhance the appeal for adventure lovers while ensuring a stress-free planning experience with attentive service.

Lastly, the Paradox Lodge & Cedar Lodge rounds out your options with its included breakfast and serene ambiance. This property is well-suited for travelers who appreciate quality and comfort, offering amenities like free Wi-Fi and air conditioning, making it a great choice for those who want a balance of adventure and relaxation. Find more hotels with free breakfast in Lake Placid.
What are the top pet-friendly hotels in Lake Placid?
Lake Placid Stagecoach Inn is a charming pet-friendly hotel that invites both you and your furry friends to enjoy the beauty of the Adirondacks. With a remarkable guest review rating of 9.8, this inn offers a picturesque setting with mountains and lakes right at your doorstep, making it superb for outdoor enthusiasts. The nearby ski lifts and cross-country trails provide endless opportunities for winter sports, while the friendly setting ensures a comfortable stay.

For families looking for a bit more luxury, High Peaks Resort is another excellent choice. This hotel, rated 9.2 by guests, features stunning views of both the lake and mountains, alongside amenities like a fitness center and shopping options onsite. Its strategic location allows for easy access to skiing, mountain biking, and other outdoor adventures, making it a fantastic base for family outings.

If you're traveling with a smaller pet, consider the Cambria Hotel Lake Placid - Lakeside Resort, which also boasts a review score of 9.4. This hotel features an indoor pool and accessible fitness center, suiting both relaxation and active pursuits. Its furnished balconies provide a superb spot to unwind after a day of exploring.

Each of these properties ensures attentive service and an easy experience, allowing you to enjoy your time in Lake Placid without compromise. Whether you're looking for adventure-filled days or cozy evenings with your pet, you'll find the superb home away from home here. See more pet-friendly hotels in Lake Placid.
What are the top boutique hotels in Lake Placid?
The Whiteface Lodge, a stunning boutique hotel rated 9.6 by guests, offers a unique blend of rustic charm and modern luxury in the breathtaking setting of Lake Placid, New York. This 4.5-star resort is designed to immerse you in nature while providing an array of indulgent amenities that cater to travelers seeking a memorable getaway. See all boutique hotels in Lake Placid.
What are the best budget hotels in Lake Placid?
Hampton Inn & Suites Lake Placid is a fantastic choice for budget-conscious travelers seeking comfort and convenience in the heart of this charming destination. With a customer review rating of 9.4, guests rave about the complimentary buffet breakfast and the free toiletries that enhance their stay. Families will particularly appreciate the spacious suites, which can comfortably accommodate children, and the availability of cribs at no additional cost. Moreover, the hotel's proximity to nearby ski areas makes it an ideal base for winter adventures.

Another excellent option for families is the Lake Placid Inn Boutique Hotel, also boasting an excellent review score of 9.4. This property features inviting rooms with balconies or patios that allow you to soak in the stunning mountain views. Parents will love the free breakfast and the ski storage facilities, making it easy to enjoy the nearby slopes. The hotel's charming ambiance adds a touch of uniqueness, great for creating memorable family experiences.

For travelers seeking a more romantic escape, Cobble Mountain Lodge offers a serene atmosphere with mountain views and cozy fireplaces, ideal for couples looking to unwind after a day of outdoor activities. Its proximity to golf courses also caters to golfing enthusiasts.

Each of these hotels provides a balance of quality and affordability, ensuring that your stay in Lake Placid is both enjoyable and stress-free, whether you're traveling with family or as a couple. View all budget hotels in Lake Placid.
What are the most romantic hotels in Lake Placid for couples?
For couples seeking a romantic retreat, the Lake Placid Stagecoach Inn is a delightful choice, boasting an exceptional review score of 9.8. Nestled amidst the stunning backdrop of the mountains and a nearby lake, this adults-only haven offers charming amenities such as cozy fireplaces and balconies or patios great for enjoying serene views together. Guests will appreciate the luxurious touch of Egyptian cotton sheets and premium bedding, ensuring a restful night's sleep after a day of adventure.

Another fantastic option is the Grand Adirondack Hotel, Lake Placid, a Tribute Portfolio Hotel, rated 9.0 by guests. This hotel features breathtaking mountain and lake views, providing a picturesque setting for couples. With nearby opportunities for skiing and biking, you can easily fill your days with adventure, and then return to unwind in plush bathrobes after a day on the slopes. The kitchenette offers the convenience of preparing a romantic meal in, while valet parking adds a layer of ease to your stay. See all romantic hotels in Lake Placid.
When is the best time to go to Lake Placid?
The most popular time to visit Lake Placid is during the summer months of July and August. With average temperatures in the comfortable range of 70°F to 80°F, this season is great for those who enjoy outdoor adventures, such as hiking, kayaking, and exploring the beautiful Adirondack region. The allure of pristine lakes and stunning mountain views makes this period particularly attractive for travelers seeking both relaxation and activity.

From July to September, Lake Placid experiences a bustling tourist season, drawing visitors eager to take advantage of the myriad of summer activities. The vibrant atmosphere is enhanced by numerous festivals and events that showcase local culture, making it a fantastic time for those who appreciate engaging with the community and immersing themselves in the region's rich heritage.

For couples seeking a romantic escape, summer offers a multitude of opportunities for outdoor dining along the waterfront, where you can indulge in fresh local cuisine while enjoying picturesque views. The long daylight hours allow for leisurely exploration, whether you're strolling through the charming village or embarking on a scenic hike in the nearby High Peaks.

If you're looking for a more budget-friendly option, consider visiting in early June or late September, when you can still enjoy mild weather and fewer crowds. The fall foliage in late September is particularly stunning, providing a magical backdrop for your outdoor activities.
Can I cancel my hotel reservation on Expedia?
You can cancel your hotel reservation on Expedia, though it depends on the cancellation policy of your booking. Most bookings are refundable if canceled within 24-48 hours of the scheduled arrival. Be sure to check your booking confirmation for the exact cancellation policy. If free cancellation is available, you can cancel directly through your Expedia account by logging in, going to "My Trips", and selecting your reservation. To find flexible deals, filter your search by "Fully refundable property" for hotels in Lake Placid.
How can I save on a Lake Placid hotel booking with Expedia?
With Expedia, you earn OneKeyCash™* on eligible Lake Placid hotel bookings for every dollar you spend – just join our One Key™ travel rewards program to get started. It's free to join, and you'll unlock our lowest Member Prices as soon as you're signed in. On top of this, you could also save significantly by bundling your hotel and flights together on Expedia.

*Excludes taxes and fees. OneKeyCash is not redeemable for cash and can only be used on Expedia, Hotels.com and Vrbo.
How much is the nightly rate at a Lake Placid hotel?
Prices for hotels in Lake Placid often vary, but you can find a great deal from $93 on Expedia. All sorts of factors affect price, such as the time of year or the days of the week you choose for your stay. Find the best deals by being flexible with your dates, and sort search results by "Price: low to high" for the cheapest rate.