
Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Clearwater Lake area of Chapel Hill.


130 S Estes Dr, Unit E5

Laurel Ridge Apartments

Link Apartments® Calyx

Glen Lennox Apartments

303 Smith Level Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

130 S Estes Dr

529 Hillsborough St

The Villages of Chapel Hill

Chateau Apartments - New

Carolina Spring Senior Apartments

West End Flats

Rock Creek Apartments

Berkshire 54
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

River View

Estes Park - Students save up to 10%!

University Lake

Royal Park - Students save up to 10%!

Collins Crossing

Ridgewood - Students save up to 10%!
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Trinity at the Hill

Bridges at Chapel Hill
Clearwater Lake, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Clearwater Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Clearwater Lake Studio Apartments | $1,437 | $958 | $1,847 |
Clearwater Lake 1 Bedroom Apartments | $1,663 | $999 | $3,803 |
Clearwater Lake 2 Bedroom Apartments | $1,834 | $1,099 | $4,549 |
Clearwater Lake 3 Bedroom Apartments | $2,167 | $1,240 | $6,154 |
Clearwater Lake 4 Bedroom Apartments | $1,507 | $1,225 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 3 mile radius of the Clearwater Lake Neighborhood of Chapel Hill, NC.
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Clearwater Lake, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
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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 Carolina Spring Senior Apartments priced from $999. West End Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,043. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $999 |
West End Flats | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,043 |
The Villages of Chapel Hill | A2 | 1BR,1BA | $1,076 |
Estes Park - Students save up to 10%! | Grove at Estes Park | 1BR,1BA | $1,125 |
Link Apartments® Calyx | S1 | Studio,1BA | $1,141 |
Best Value Apartments for Rent in Clearwater Lake, NC
As of June 08, 2025 the best value apartment in the Clearwater Lake area is the $1.35 price per square foot Columbia Model at Laurel Ridge Apartments in the in the Lafayette neighborhood starting from $1,240. The second greatest value Clearwater Lake apartment is the Hatteras Model at Carolina - Students save up to 10%! starting at $1,370 with a $1.49 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.35 |
Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.49 |
106 Fidelity/109 W Poplar | 2BR/1.0BA | 2BR,1BA | $1.56 |
Collins Crossing | b20b | 2BR,2BA | $1.53 |
Union Chapel Hill | B2 | 2BR,2BA | $1.74 |
Ashbrook Apartments | 1b/1b Edgemont | 1BR,1BA | $1.70 |
Trinity at the Hill | 1B | 1BR,1BA | $1.62 |
Poplar Place | A1 | 1BR,1BA | $1.54 |
West End Flats | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.69 |
The Villages of Chapel Hill | S1 | Studio ,1BA | $1.67 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleClearwater Lake, Chapel Hill, NC
Ranked #5
Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Clearwater Lake, Chapel Hill, NC
Phoenix Academy High
Grey Culbreth Middle School
School data provided by Great Schools
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 a cheap apartment in Clearwater Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Clearwater Lake is under $1,200.
What is the price of a cheap apartment in Clearwater Lake?
The cheapest apartment in Clearwater Lake is Carolina Spring Senior Apartments which is listed at $999, while the average apartment in Clearwater Lake costs $2,016.
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 61 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 $805 which is $1,211 cheaper than the average rent for all rentals in Clearwater Lake.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC
Written by: Billy K
I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina. And if you’re considering settling down in Durham, you’re in luck.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.