Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (22 Rentals)

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

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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Poplar Place
1 to 2 Bedroom Apartments

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
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Clearwater Lake, Chapel Hill, NC Local Guide

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 50303 Governors Dr priced from $770. Berkshire 54 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $949. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
50303 Governors Dr50303 Governors Dr1BR,1BA$770
Berkshire 54Cranwell R22BR,1BA$949
The Villages of Chapel HillS1Studio,1BA$958
Poplar PlaceA11BR,1BA$1,009
Carolina Springs ApartmentsOne Bedroom1BR,1BA$1,048

Best Value Apartments for Rent in Clearwater Lake, NC

As of March 24, 2025 the best value apartment in the Clearwater Lake area is the $0.54 price per square foot 50303 Governors Dr Model at 50303 Governors Dr in the in the Governors Lake neighborhood starting from $770. The second greatest value Clearwater Lake apartment is the 2b/2b Georgetown B Model at Ashbrook Apartments starting at $1,484 with a $1.42 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.
50303 Governors Dr50303 Governors Dr1BR,1BA$0.54
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.42
Poplar PlaceB12BR,1BA$1.35
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.52
Collins Crossingb10a2BR,1BA$1.49
Berkshire 54Barington1BR,1BA$1.33
Chateau Apartments1x1 Renovated1BR,1BA$1.58
100 Ridge Rd100 Ridge RdStudio ,1BA$1.50
Trinity at the Hill1B1BR,1BA$1.53

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Clearwater Lake, Chapel Hill, NC

Ranked #6

Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Clearwater Lake, Chapel Hill, NC

School data provided by Great Schools

Best Local Schools in
Clearwater Lake, Chapel Hill, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Clearwater Lake, Chapel Hill, and the greater Durham area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, places that make kids happy, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Clearwater Lake Apartments

What is a cheap apartment in Clearwater Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Clearwater Lake is under $1,116.

What is the price of a cheap apartment in Clearwater Lake?

The cheapest apartment in Clearwater Lake is 50303 Governors Dr which is listed at $770, while the average apartment in Clearwater Lake costs $2,160.

What types of apartments are the cheapest in Clearwater Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 849 regular apartments in Clearwater Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Clearwater Lake?

Cheap apartments in Clearwater Lake have an average cost of $493 which is $1,667 cheaper than the average rent for all rentals in Clearwater Lake.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.