Cheap Homes for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $500 (21 Rentals)

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

property at 303 Smith Level Rd

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd, Unit A23

303 Smith Level Rd
Chapel HillNC27516
property at 108 Pine St

$550 - $700

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $700

Total Monthly Price
$550 - $700

1 Bedroom, 1 Bath Home for Rent

Available Soon

108 Pine St

CarrboroNC27510

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property at 304 Cedarwood Ln

$1,000 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,600

Total Monthly Price
$1,000 - $1,600

1 To 2 Bedroom Townhomes for Rent

Available Now

304 Cedarwood Ln

CarrboroNC27510
property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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.

property at 1412 Old Lystra Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1 Bath Condo for Rent

Available Now

1412 Old Lystra Rd, Unit 3

1412 Old Lystra Rd
Chapel HillNC27517

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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 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 ListingModel NameBed/BathPriced From
Berkshire 54Barrington R21BR,1BA$910
Chateau ApartmentsOne Bedroom1BR,1BA$925
Link Apartments® CalyxS1-AStudio,1BA$950
Trinity at the Hill1A1BR,1BA$1,050
The Villages of Chapel HillThe Westchester - Two Bedroom Townhome2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Laurel Ridge ApartmentsKenan3BR,2BA$1.39
Autumn WoodsB12BR,2BA$1.48
Cedar Court2 Beds, 1.5 Baths2BR,1.5BA$1.56
Poplar PlaceB12BR,1BA$1.62
Berkshire 54Cranwell2BR,1BA$1.31
Collins Crossingb20b2BR,2BA$1.47
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.32
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Trinity at the Hill1B1BR,1BA$1.40
The Villages of Chapel HillNCVCH A1 1x1 725sqft - Cambridge1BR,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

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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.

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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.

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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.

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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.