
Cheap Homes for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Clearwater Lake area of Chapel Hill.


108 Pine St

303 Smith Level Rd, Unit C11

303 Smith Level Rd, Unit E23

Room in Condo on Finley Forest Dr

303 Smith Level Rd, Unit 32

210 Purefoy Rd
Rent According to Income: A Look at Income-Restricted Rentals
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124 Fidelity St

304 Cedarwood Ln

304 Umstead Dr, Unit Upstairs Master Bedroom

7 Shepherd Ln

2 Shepherd Ln

500 Umstead Dr

243 Cedar Terrace Rd
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.

475 Cedar Lake Rd

1416 Old Lystra Rd, Unit 6

1416 Old Lystra Rd, Unit 3

1412 Old Lystra Rd, Unit 3

433 Northside Dr

180 Summerwalk Cir

700 N Greensboro St
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.
Clearwater Lake, Chapel Hill, NC Local Guide

How much does it cost to rent a home in Clearwater Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Clearwater Lake 2 Bedroom Homes for Rent | $1,792 | $1,250 | $2,700 |
| Clearwater Lake 3 Bedroom Homes for Rent | $2,392 | $1,695 | $4,200 |
| Clearwater Lake 4 Bedroom Homes for Rent | $2,924 | $650 | $3,900 |
| Clearwater Lake 5 Bedroom Homes for Rent | $3,700 | $3,700 | $3,700 |
Browse Homes for Rent in this Neighborhood
There are currently 21 rentals with your search options within a 3 mile radius of the Clearwater Lake Neighborhood of Chapel Hill, NC.
Explore Chapel Hill
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. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Berkshire 54 | Barrington R2 | 1BR,1BA | $910 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $925 |
| Link Apartments® Calyx | S1-A | Studio,1BA | $950 |
| Trinity at the Hill | 1A | 1BR,1BA | $1,050 |
| The Villages of Chapel Hill | The Westchester - Two Bedroom Townhome | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Clearwater Lake, NC
As of July 31, 2026 the best value apartment in the Clearwater Lake area is the $1.39 price per square foot Kenan Model at Laurel Ridge Apartments in the in the Lafayette neighborhood starting from $1,755. The second greatest value Clearwater Lake apartment is the B1 Model at Autumn Woods starting at $1,653 with a $1.48 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 | Kenan | 3BR,2BA | $1.39 |
| Autumn Woods | B1 | 2BR,2BA | $1.48 |
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.56 |
| Poplar Place | B1 | 2BR,1BA | $1.62 |
| Berkshire 54 | Cranwell | 2BR,1BA | $1.31 |
| Collins Crossing | b20b | 2BR,2BA | $1.47 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.32 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.16 |
| Trinity at the Hill | 1B | 1BR,1BA | $1.40 |
| The Villages of Chapel Hill | NCVCH A1 1x1 725sqft - Cambridge | 1BR,1BA | $1.51 |
Frequently Asked Questions about Clearwater Lake
What type of rentals are currently available in Clearwater Lake?
There are currently 110 Apartments for Rent in Clearwater Lake, NC with pricing that ranges from $850 to $6,878. There are also 86 Single Family Homes for rent, Condos, and Townhome rentals currently available in Clearwater Lake ranging from $550 to $4,200.
What is the current price range for Rental Homes in Clearwater Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Clearwater Lake ranges from $550 to $4,200 with an average monthly rent of $2,140.
How much are larger Three and Four Bedroom Rentals in Clearwater Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Clearwater Lake range from $1,395 to $6,878, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $4,200. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $1,310.
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

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.

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.