
Cheap Apartments for Rent in the Clearwater Lake Neighborhood of Chapel Hill, NC from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Clearwater Lake area of Chapel Hill.


303 Smith Level Rd, Unit B14

303 Smith Level Rd, Unit D24-B

130 S Estes Dr, Unit E5

Laurel Ridge Apartments

Glen Lennox Apartments

Link Apartments® Calyx

Kingswood - Students save up to 10%!

303 Smith Level Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

130 S Estes Dr

20 Davie Cir

529 Hillsborough St

The Villages of Chapel Hill

Carolina Spring Senior Apartments

Rock Creek Apartments

West End Flats
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

River View

University Lake

Royal Park - Students save up to 10%!

Estes Park - Students save up to 10%!

Ridgewood - Students save up to 10%!

Trinity at the Hill

Collins Crossing

Bridges at Chapel Hill
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Autumn Woods
Clearwater Lake, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Clearwater Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Clearwater Lake Studio Apartments | $1,473 | $958 | $1,892 |
Clearwater Lake 1 Bedroom Apartments | $1,530 | $999 | $4,980 |
Clearwater Lake 2 Bedroom Apartments | $1,784 | $1,070 | $5,447 |
Clearwater Lake 3 Bedroom Apartments | $2,144 | $1,035 | $10,000+ |
Clearwater Lake 4 Bedroom Apartments | $1,501 | $1,225 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 3 mile radius of the Clearwater Lake Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
Clearwater Lake, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
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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 Studio unit found at The Villages of Chapel Hill priced from $958. Poplar Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $959. Here are the most affordable Clearwater Lake apartments for rent in Durham, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Villages of Chapel Hill | S1 | Studio,1BA | $958 |
Poplar Place | A1 | 1BR,1BA | $959 |
Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $999 |
Berkshire 54 | Barington | 1BR,1BA | $1,086 |
West End Flats | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,093 |
Laurel Ridge Apartments | Laurel | 1BR,1BA | $1,095 |
Chateau Apartments | One Bedroom One Bath Garden | 1BR,1BA | $1,105 |
Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $1,145 |
Estes Park - Students save up to 10%! | Grove at Estes Park | 1BR,1BA | $1,145 |
Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Clearwater Lake, NC
As of May 18, 2025 the best value apartment in the Clearwater Lake area is the $1.37 price per square foot B2 Model at Poplar Place in the in the Triple Crown Estates neighborhood starting from $1,391. The second greatest value Clearwater Lake apartment is the Hatteras Model at Carolina - Students save up to 10%! starting at $1,370 with a $1.49 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. |
---|---|---|---|
Poplar Place | B2 | 2BR,2BA | $1.37 |
Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.49 |
106 Fidelity/109 W Poplar | 2BR/1.0BA | 2BR,1BA | $1.56 |
Collins Crossing | b20b | 2BR,2BA | $1.53 |
Berkshire 54 | Barington | 1BR,1BA | $1.33 |
Laurel Ridge Apartments | Laurel | 1BR,1BA | $1.36 |
Bridges at Chapel Hill | A2AR | 1BR,1BA | $1.58 |
Chateau Apartments | 1x1 Renovated | 1BR,1BA | $1.45 |
Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.66 |
The Villages of Chapel Hill | S1 | Studio ,1BA | $1.67 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleClearwater Lake, Chapel Hill, NC
Ranked #5
Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Clearwater Lake, Chapel Hill, NC
Phoenix Academy High
Grey Culbreth Middle School
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 $1,150.
What is the price of a cheap apartment in Clearwater Lake?
The cheapest apartment in Clearwater Lake is Poplar Place which is listed at $959, while the average apartment in Clearwater Lake costs $1,796.
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 54 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 $810 which is $986 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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.