
Cheap Homes for Rent in Clearwater Lake Neighborhood of Chapel Hill, NC from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Clearwater Lake area of Chapel Hill.


303 Smith Level Rd

303 Smith Level Rd, Unit E23

303 Smith Level Rd, Unit 32

303 Smith Level Rd, Unit D24 - C

210 Purefoy Rd

112 Purefoy Rd
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.

6 Shepherd Ln

D2 Shepherd Ln

1004 Kingswood Dr, Unit 1004 b kingswood dr. Chapel hill

500 Umstead Dr

475 Cedar Lake Rd

243 Cedar Terrace Rd

121 Westview Dr
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.
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 | $1,662 | $1,050 | $2,800 |
| Clearwater Lake 3 Bedroom Homes for Rent | $2,315 | $1,739 | $4,000 |
| Clearwater Lake 4 Bedroom Homes for Rent | $2,846 | $665 | $4,200 |
| Clearwater Lake 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trinity Court Apartments | 2x1 | 2BR,1BA | $884 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $949 |
| Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $999 |
| Berkshire 54 | Lenox | 2BR,1BA | $1,019 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,065 |
Best Value Apartments for Rent in Clearwater Lake, NC
As of June 09, 2026 the best value apartment in the Clearwater Lake area is the $1.43 price per square foot Two Bedroom Two Bath Model at The Reserve at Meadowmont Apartments and Townhomes in the in the Downing Creek neighborhood starting from $1,735. The second greatest value Clearwater Lake apartment is the Lenox R2 Model at Berkshire 54 starting at $1,110 with a $1.07 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. |
|---|---|---|---|
| The Reserve at Meadowmont Apartments and Townhomes | Two Bedroom Two Bath | 2BR,2BA | $1.43 |
| Berkshire 54 | Lenox R2 | 2BR,1BA | $1.07 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.43 |
| Collins Crossing | b20b | 2BR,2BA | $1.46 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.42 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.19 |
| Trinity at the Hill | 1B | 1BR,1BA | $1.46 |
| Poplar Place | A1 | 1BR,1BA | $1.44 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.47 |
Frequently Asked Questions about Clearwater Lake
What type of rentals are currently available in Clearwater Lake?
There are currently 109 Apartments for Rent in Clearwater Lake, NC with pricing that ranges from $884 to $7,706. There are also 85 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 $2,345.
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 $1,129 to $7,706, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,739 to $4,000. Four Bedroom Single-Family rentals are also available starting from $665 and Four Bedroom Apartments start at $1,140.
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.