noun
place to put something; storage spot
Refers to a physical location or designated spot for placing an object. Often used when discussing where to keep or store items.
この部屋には本の置き所がない。
There's no place to put books in this room.
鍵の置き所を決めておくと便利だ。
It's convenient to decide on a place to put your keys.
noun
place to put oneself; place to be
Almost exclusively used in the set phrase 身の置き所がない, meaning 'to have no place to go' or 'to feel out of place'. Rarely used independently.
See also: 身の置き所がない
彼は会社での立場がなくなり、身の置き所がなかった。
He lost his standing in the company and felt he had no place there.
置き場 is more common for 'place to put something', often used in compounds like 駐車場 (parking lot). 置き所 is less frequent and can sound slightly more literary or specific.
Compound of 置き (oki, continuative form of 置く 'to put') + 所 (tokoro/dokoro, 'place'). The rendaku voicing of 所 to どころ is regular in such compounds.