Place To Put Something
noun
置く is to put down something. So a location where you put something down is a place to put something.
置き場 often follows another word, signifying it's the designated area where that specific item should be stored or parked. For example, 自転車置き場.
This word uses the kun'yomi readings. 置き comes from 置く, and you learned 場's reading with 場所, but here's a mnemonic to help you just in case:
You're looking for a place to put something that goes "baa" (ば). Your pet sheep won't stop baaing and it's getting annoying, so you want to put it somewhere. "Baa, baa," it bleats irritatingly as you search high and low for a good place to put it.
川崎駅の自転車置き場に自転車を停めています。
I parked my bike at the bicycle parking area at Kawasaki Station.
置き場がなくてちょっと困ってたんだ。
I was having a bit of trouble because there was no place to put this down.
洗面台の下にタオル置き場があるから、シャワーの後勝手に取って使ってね。
We have a place for the towels under the sink, so help yourself after your shower.