Cheap Homes for Rent in Clearwater Lake Neighborhood of Chapel Hill, NC from $500 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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
property at 303 Smith Level Rd

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd

Chapel HillNC27516
property at 303 Smith Level Rd

$735

Total Monthly Price

Total Monthly Price

Base Rent
$735

Total Monthly Price
$735

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd, Unit D24 - C

303 Smith Level Rd
Chapel HillNC27516

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.

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.

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
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$999
Berkshire 54Lenox2BR,1BA$1,019
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Reserve at Meadowmont Apartments and TownhomesTwo Bedroom Two Bath 2BR,2BA$1.43
Berkshire 54Lenox R22BR,1BA$1.07
Laurel Ridge ApartmentsColumbia2BR,1BA$1.39
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.43
Collins Crossingb20b2BR,2BA$1.46
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.42
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
Trinity at the Hill1B1BR,1BA$1.46
Poplar PlaceA11BR,1BA$1.44
Trinity Court Apartments1x11BR,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

decorative image for Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.