108 Cranewater Dr
ColumbiaSC29212
Cheap Homes for Rent in Lake Murray Neighborhood of Columbia, SC from $1,700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Murray area of Columbia.
233 Braewick Rd
ColumbiaSC29212
423 Lanyard Ln
ChapinSC29036
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.
423 Lanyard Ln
ChapinSC29036
301 Harbor Heights Dr
LexingtonSC29072
234 Wahoo Cir
IrmoSC29063
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.
121 Eagle Pointe Dr
ChapinSC29036
Showing Results 1-7, Page 1 of 1
Lake Murray, Columbia, SC Local Guide
How much does it cost to rent a home in Lake Murray?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Murray 2 Bedroom Homes for Rent | $2,290 | $2,290 | $2,290 |
| Lake Murray 3 Bedroom Homes for Rent | $2,386 | $1,795 | $4,500 |
| Lake Murray 4 Bedroom Homes for Rent | $3,134 | $2,199 | $6,500 |
| Lake Murray 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
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Lake Murray, Columbia, SC Local Guide
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Cheapest Available Lake Murray Apartments for Rent
The cheapest available apartment rental in the Lake Murray area of Columbia, SC is a 1 Bed unit found at The Overlook At Golden Hills Apartment Homes priced from $1,400. Palisades at Ballentine has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,515. Here are the most affordable Lake Murray apartments for rent in Columbia, SC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Overlook At Golden Hills Apartment Homes | One Bedroom | 1BR,1BA | $1,400 |
| Palisades at Ballentine | The Murray | 2BR,2BA | $1,515 |
| Grandview at Lake Murray | Richland GV II Renovated | 1BR,1BA | $1,605 |
Best Value Apartments for Rent in Lake Murray, SC
As of July 06, 2026 the best value apartment in the Lake Murray area is the $1.69 price per square foot Saluda Model at Residence at Marina Bay in the in the Lake Murray neighborhood starting from $2,110. The second greatest value Lake Murray apartment is the The Murray Model at Palisades at Ballentine starting at $1,515 with a $1.44 price per square foot in the Lake Murray neighborhood. Here is today’s list of the best values for Lake Murray apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Residence at Marina Bay | Saluda | 2BR,2BA | $1.69 |
| Palisades at Ballentine | The Murray | 2BR,2BA | $1.44 |
| Station at Lake Murray | A1 | 1BR,1BA | $1.84 |
| Grandview at Lake Murray | Richland GV II Renovated | 1BR,1BA | $1.87 |
| The Overlook At Golden Hills Apartment Homes | One Bedroom | 1BR,1BA | $1.78 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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Frequently Asked Questions about Lake Murray
What type of rentals are currently available in Lake Murray?
There are currently 8 Apartments for Rent in Lake Murray, SC with pricing that ranges from $1,275 to $3,040. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Murray ranging from $1,795 to $6,500.
What is the current price range for Rental Homes in Lake Murray?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Murray ranges from $1,795 to $6,500 with an average monthly rent of $2,577.
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
Local Experts Top 8: Affordable Columbia, SC Neighborhoods for Quality Living
Written by: Kama Offenberger
I'm Kama, the ApartmentHomeLiving.com Local Expert for Columbia, South Carolina.
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.