Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (35 Rentals)

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

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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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
property at 8 Shepherd Ln

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

8 Shepherd Ln

Chapel HillNC27514

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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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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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.

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Poplar Place
1 to 2 Bedroom Apartments

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
Corporate Housing
Showing Results 1-35, 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 1 Bed unit found at Carolina Spring Senior Apartments priced from $849. The Villages of Chapel Hill has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$895
Berkshire 54Cranwell R22BR,1BA$949
Poplar PlaceA11BR,1BA$1,010
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1,037
Link Apartments® CalyxS1Studio,1BA$1,047
Trinity at the Hill1B1BR,1BA$1,049
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,050
Glen Lennox Apartments2 Bedroom 1 Bath A2BR,1BA$1,052
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,085

Best Value Apartments for Rent in Clearwater Lake, NC

As of December 20, 2025 the best value apartment in the Clearwater Lake area is the $0.94 price per square foot C1 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,140. The second greatest value Clearwater Lake apartment is the Sycamore Model at Rock Creek Apartments starting at $1,355 with a $1.40 price per square foot in the Lafayette 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.
Shortbread LoftsC13BR,3BA$0.94
Rock Creek ApartmentsSycamore2BR,2BA$1.40
Poplar PlaceB12BR,1BA$1.37
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
River View2B2BR,2BA$1.44
Berkshire 54Barrington R21BR,1BA$1.48
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Chateau Apartments1x1 Renovated1BR,1BA$1.58
Glen Lennox Apartments2 Bedroom 1 Bath A2BR,1BA$1.46
Carolina Spring Senior ApartmentsOne Bedroom1BR,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Pet Friendly Lifestyle
Clearwater Lake, Chapel Hill, NC

Ranked #12

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Clearwater Lake, Chapel Hill, NC

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 $1,085.

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 $849, while the average apartment in Clearwater Lake costs $1,805.

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 93 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 $1,419 which is $386 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!