Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (34 Rentals)

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

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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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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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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 Aug 1

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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River View
Rent Specials
$1,137 - $1,483
Total Monthly Price

Total Monthly Price

Base Rent
$1,137 - $1,483
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

River View

201 Westbrook DrCarrboro, NC 27510
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Collins Crossing
Rent Specials
$1,230 - $1,391
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $1,391
Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
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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.

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Berkshire 54
1 to 2 Bedroom Apartments

Berkshire 54

112 Hwy 54 BypassCarrboro, NC 27510
Showing Results 1-34, Page 1 of 1

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 2 Beds unit found at Trinity Court Apartments priced from $884. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Trinity Court Apartments2x12BR,1BA$884
Chateau ApartmentsOne Bedroom1BR,1BA$949
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$999
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,065
Berkshire 54Cranwell R2BR,1BA$1,084
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1,109
Laurel Ridge ApartmentsLaurel1BR,1BA$1,135
River View1A1BR,1BA$1,137
Glen Lennox North2 Bedroom 1 Bath A2BR,1BA$1,141

Best Value Apartments for Rent in Clearwater Lake, NC

As of June 01, 2026 the best value apartment in the Clearwater Lake area is the $1.45 price per square foot CR Model at Autumn Woods in the in the Triple Crown Estates neighborhood starting from $1,997. The second greatest value Clearwater Lake apartment is the B4 Model at Morgan Reserve starting at $1,829 with a $1.54 price per square foot in the Downing Creek 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.
Autumn WoodsCR3BR,2BA$1.45
Morgan ReserveB42BR,2BA$1.54
Berkshire 54Lenox R22BR,1BA$1.07
Trinity at the Hill2A2BR,2BA$1.26
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.43
Collins Crossingb10a2BR,1BA$1.52
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.40
Laurel Ridge ApartmentsLaurel1BR,1BA$1.41
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
Trinity Court Apartments1x11BR,1BA$1.47

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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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.

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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 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 $1,141.

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

The cheapest apartment in Clearwater Lake is Chateau Apartments which is listed at $949, while the average apartment in Clearwater Lake costs $4,500.

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 86 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 $1,930 which is $2,570 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

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.