close
View Me
Rent Specials
from $4992 Bedroom Apartments Available Now
Grainge Hill Apartments
2281 Ketchum RdMemphis, TN 38114
Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $400 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Depot area of Memphis.
1919 S Pkwy E
MemphisTN38114
close
View Me
Rent Specials
from $5991 to 2 Bedroom Apartments Available Now
El Dorado
2743 Ketchum RdMemphis, TN 38114
close
View Me
Rent Specials
from $6991 to 2 Bedroom Apartments Available Now
Coronado Manor
2459 Ketchum RdMemphis, TN 38114
close
View Me
from $7001 to 3 Bedroom Apartments Available Now
Manor Park Apartments
1500 Parkway View CirMemphis, TN 38106
close
View Me
close
View Me
from $8101 Bedroom Apartment Available Now
1101 S Rembert St, Unit 1101
1101 S Rembert StMemphis, TN 38114
close
View Me
from $8652 to 3 Bedroom Apartments Contact Us For Availability
Ruby Oaks Apartments
2464 Ruby Oaks DrMemphis, TN 38106
1379 Ferguson Rd
MemphisTN38106
close
View Me
Rent Specials
from $949Studio to 2 Bedroom Apartments Available Now
Bonsai at Central Gardens
1387 Central AveMemphis, TN 38104
close
View Me
Rent Specials
from $9501 to 2 Bedroom Apartments Available Now
The Wendell
2038 Southern AveMemphis, TN 38114
2038 Southern Ave
MemphisTN38114
3118 Monterrey Square
MemphisTN38111
close
View Me
from $999Studio to 2 Bedroom Apartments Available Now
The Melrose Midtown
775 Melrose StMemphis, TN 38104
close
View Me
from $1,0001 Bedroom Apartment Available Now
994 Philadelphia St, Unit 994
994 Philadelphia StMemphis, TN 38104
close
View Me
from $1,0002 Bedroom Apartment Available Now
1920 Lamar Ave, Unit APT 1
1920 Lamar AveMemphis, TN 38114
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Showing Results 1-28, Page 1 of 1
Depot, Memphis, TN Local Guide
How much does it cost to rent an apartment in Depot?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Depot Studio Apartments | $1,219 | $949 | $2,477 |
| Depot 1 Bedroom Apartments | $1,446 | $599 | $3,153 |
| Depot 2 Bedroom Apartments | $1,525 | $499 | $4,496 |
| Depot 3 Bedroom Apartments | $1,896 | $789 | $4,370 |
| Depot 4 Bedroom Apartments | $989 | $599 | $1,700 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Depot Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Depot, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Depot Apartments for Rent
The cheapest available apartment rental in the Depot area of Memphis, TN is a 2 Beds unit found at Grainge Hill Apartments priced from $499. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Depot apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1BA | $499 |
| El Dorado | 1 Bedroom | 1BR,1BA | $599 |
| Coronado Manor | 1 bedroom | 1BR,1BA | $699 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Yugo Memphis Southern | 2 Bed, 2 Bath Classic | 2BR,2BA | $899 |
| Bonsai at Central Gardens | Studio- without Washer/Dryer | Studio,1BA | $949 |
| The Wendell | 1BR/1.0BA | 1BR,1BA | $950 |
| Cane Creek Apartments | 3 BED TOWNHOME | 3BR,2BA | $995 |
Best Value Apartments for Rent in Depot, TN
As of April 04, 2025 the best value apartment in the Depot area is the $0.40 price per square foot 2006 Felix Ave Model at 2006 Felix Ave, Unit 1 in the in the East Memphis neighborhood starting from $700. The second greatest value Depot apartment is the 4 BED TOWNHOME Model at Cane Creek Apartments starting at $1,067 with a $0.65 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for Depot apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2006 Felix Ave, Unit 1 | 2006 Felix Ave | 1BR,1BA | $0.40 |
| Cane Creek Apartments | 4 BED TOWNHOME | 4BR,2BA | $0.65 |
| 994 Philadelphia St, Unit 994 | 994 Philadelphia St | 1BR,1BA | $0.77 |
| Lamar Crossing | 4 Bedroom | 4BR,2BA | $1.10 |
| 1920 Lamar Ave, Unit APT 1 | 1920 Lamar Ave | 2BR,1BA | $1.05 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.17 |
| 1101 S Rembert St, Unit 1101 | 1101 S Rembert St | 1BR,1BA | $0.90 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $0.64 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.12 |
| El Dorado | 1 Bedroom | 1BR,1BA | $1.05 |
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.
Let everyone know!
Do you know the Depot area?
If you’re an expert on all things Depot, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDepot, Memphis, TN
Ranked #46
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Depot Apartments
What is a cheap apartment in Depot?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Depot is under $995.
What is the price of a cheap apartment in Depot?
The cheapest apartment in Depot is El Dorado which is listed at $599, while the average apartment in Depot costs $5,070.
What types of apartments are the cheapest in Depot?
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 58 regular apartments in Depot 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 Depot?
Cheap apartments in Depot have an average cost of $837 which is $4,233 cheaper than the average rent for all rentals in Depot.
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.
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.
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.
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.
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.