Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Clearwater Lake area of Chapel Hill.

property at 303 Smith Level Rd

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

1 Bedroom, 1 Bath Condo for Rent

Available Jan 1, 2027

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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The Ramsey
1 to 4 Bedroom Apartments

The Ramsey

201 Howell StChapel Hill, NC 27514
Student Housing

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1001 Kingswood Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

1001 Kingswood Dr, Unit I

1001 Kingswood Dr
Chapel HillNC27517
property at 500 Umstead Dr

$1,250 - $1,325

2 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 1412 Old Lystra Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

2 Bedroom, 1 Bath Condo for Rent

Available Now

1412 Old Lystra Rd, Unit 3

1412 Old Lystra Rd
Chapel HillNC27517
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Now

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Collins Crossing
$1,149 - $1,769
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $1,769
Total Monthly Price
$1,149 - $1,769
2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
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Autumn Woods
Rent Specials
$1,260 - $2,868
Total Monthly Price

Total Monthly Price

Base Rent
$1,260 - $2,868
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Autumn Woods

222 Old Fayetteville RdCarrboro, NC 27510
Student Housing
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  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Clearwater Lake, Chapel Hill, NC Local Guide

Cheapest Available Clearwater Lake Apartments for Rent

 

The cheapest available apartment rental in the Clearwater Lake area of Durham, NC is a 1 Bed unit found at Berkshire 54 priced from $910. The Ramsey has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Berkshire 54Barrington R21BR,1BA$910
The Ramsey1BR/1.0BA1BR,1BA$950
Link Apartments® CalyxS1Studio,1BA$950
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1,028
Chateau ApartmentsOne Bedroom1BR,1BA$1,049
The Villages of Chapel HillThe Westchester - Two Bedroom Townhome2BR,1BA$1,050
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,075
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1,095
Kingswood - Students save up to 10%!Blue Devil2BR,1BA$1,135
Laurel Ridge ApartmentsLaurel1BR,1BA$1,135

Best Value Apartments for Rent in Clearwater Lake, NC

As of August 30, 2026 the best value apartment in the Clearwater Lake area is the $1.30 price per square foot 7BR/3.0BA Model at 503 N. Greensboro in the in the Triple Crown Estates neighborhood starting from $2,600. The second greatest value Clearwater Lake apartment is the 502 Whitaker Street Model at 502 Whitaker Street, Unit B starting at $1,675 with a $1.12 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Clearwater Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
503 N. Greensboro7BR/3.0BA7BR,3BA$1.30
502 Whitaker Street, Unit B502 Whitaker Street3BR,1BA$1.12
Trinity at the Hill3T3BR,2.5BA$1.14
Poplar PlaceB12BR,1BA$1.41
Royal Park - Students save up to 10%!Majestic2BR,1BA$1.32
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1.28
Berkshire 54Barington1BR,1BA$1.24
Laurel Ridge ApartmentsLaurel1BR,1BA$1.41
Chateau ApartmentsOne Bedroom1BR,1BA$1.31
The Villages of Chapel HillThe Cambridge - One Bedroom Apartment Home1BR,1BA$1.51

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Clearwater Lake, Chapel Hill, and the greater Durham area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, places that make kids happy, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Clearwater Lake Apartments

What is the price of a cheap apartment in Clearwater Lake?

The cheapest apartment in Clearwater Lake is Berkshire 54 which is listed at $910, while the average apartment in Clearwater Lake costs $1,447.

What types of apartments are the cheapest in Clearwater Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 84 regular apartments in Clearwater Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Clearwater Lake?

Cheap apartments in Clearwater Lake have an average cost of $831 which is $616 cheaper than the average rent for all rentals in Clearwater Lake.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham article

Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.