
Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Clearwater Lake area of Chapel Hill.


303 Smith Level Rd, Unit D24

Total Monthly Price
101 Woodcrest Dr, Unit B

Room in Townhome on Governors Dr

Glen Lennox Apartments

1 Shepherd Ln

Laurel Ridge Apartments

Link Apartments® Calyx

Total Monthly Price
Kingswood - Students save up to 10%!
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.

210 Purefoy Rd

Trustee Corner

112 Purefoy Rd

307 Ransom St

106 Basnight Ln

7 Shepherd Ln, Unit 1

8 Shepherd Ln

8 Shepherd Ln

D2 Shepherd Ln
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.

1006 S Columbia St

Camden Governors Village

West End Flats

Berkshire 54

The Villages of Chapel Hill

Carolina Spring Senior Apartments

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Royal Park - Students save up to 10%!

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Chateau Apartments

Trinity at the Hill
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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Estes Park - Students Save Up To 10%!

Ashbrook Apartments

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University Lake

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Ridgewood - Students save up to 10%!

River View

Rock Creek Apartments

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Collins Crossing

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Autumn Woods

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Bridges at Chapel Hill
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.

Poplar Place

121 Westview Dr
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 | $1,870 | $958 | $3,278 |
| Clearwater Lake 1 Bedroom Apartments | $1,436 | $800 | $3,688 |
| Clearwater Lake 2 Bedroom Apartments | $1,738 | $1,000 | $4,868 |
| Clearwater Lake 3 Bedroom Apartments | $2,547 | $1,110 | $7,168 |
| Clearwater Lake 4 Bedroom Apartments | $2,245 | $1,095 | $7,236 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 3 mile radius of the Clearwater Lake Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
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 2 Beds unit found at West End Flats priced from $934. Berkshire 54 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $949. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR,2BA | $934 |
| Berkshire 54 | Cranwell R2 | 2BR,1BA | $949 |
| The Villages of Chapel Hill | The Brighton - Cozy Studio Apartment Home | Studio,1BA | $958 |
| Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $999 |
| Poplar Place | A1 | 1BR,1BA | $1,005 |
| Chateau Apartments | 1x1 Renovated | 1BR,1BA | $1,049 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,055 |
| Ashbrook Apartments | 1b/1b Edgemont | 1BR,1BA | $1,067 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in Clearwater Lake, NC
As of March 02, 2026 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 c20a Model at Collins Crossing starting at $1,800 with a $1.57 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. |
|---|---|---|---|
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| Collins Crossing | c20a | 3BR,2BA | $1.57 |
| Laurel Ridge Apartments | Rosemary | 2BR,1.5BA | $1.35 |
| Ashbrook Apartments | 2b/2b Georgetown A | 2BR,2BA | $1.50 |
| Poplar Place | B1 | 2BR,1BA | $1.52 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.45 |
| Berkshire 54 | Barington | 1BR,1BA | $1.33 |
| Chateau Apartments | One Bedroom One Bath Garden | 1BR,1BA | $1.38 |
| Trinity at the Hill | 1B | 1BR,1BA | $1.40 |
| 101 Woodcrest Dr, Unit B | 101 Woodcrest Dr | 1BR,1BA | $1.60 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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 Cheapest Studio apartment in Clearwater Lake?
Currently the most affordable Cheap Studio Apartment in Clearwater Lake is at The Villages of Chapel Hill listed at $958.
How much is rent for a Cheap One Bedroom Clearwater Lake Apartment?
The lowest price for a Cheap One Bedroom Clearwater Lake Apartment is $999 at Berkshire 54.
What is the lowest price for a Cheap Two Bedroom Clearwater Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Clearwater Lake is starting from $934 at West End Flats.
What is the most affordable Clearwater Lake Three Bedroom Apartment?
The best deal on a cheap Clearwater Lake Three Bedroom Apartment rental is at The Wilson Apartments and starts from $1,595.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.