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Grainge Hill Apartments
2281 Ketchum RdMemphis, TN 38114
Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Depot area of Memphis.
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from $5941 to 2 Bedroom Apartments Available Now
El Dorado
2743 Ketchum RdMemphis, TN 38114
1911 S Pkwy E
MemphisTN38114
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from $6991 to 2 Bedroom Apartments Available Now
Coronado Manor
2459 Ketchum RdMemphis, TN 38114
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from $7001 to 3 Bedroom Apartments Available Now
Manor Park Apartments
1500 Parkway View CirMemphis, TN 38106
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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.
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Showing Results 1-15, 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 | $1,285 | $949 | $2,688 |
| Depot 1 Bedroom Apartments | $1,459 | $644 | $3,360 |
| Depot 2 Bedroom Apartments | $1,577 | $499 | $7,650 |
| Depot 3 Bedroom Apartments | $1,694 | $789 | $4,200 |
| Depot 4 Bedroom Apartments | $1,394 | $599 | $1,775 |
Browse Apartments in this Neighborhood
There are currently 15 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
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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 $594. 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 | $594 |
| 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 |
Best Value Apartments for Rent in Depot, TN
As of April 27, 2025 the best value apartment in the Depot area is the $1.10 price per square foot 4 Bedroom Model at Lamar Crossing in the in the East Memphis neighborhood starting from $1,357. The second greatest value Depot apartment is the 2x1 Model at Georgian Woods starting at $1,052 with a $1.17 price per square foot in the East 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. |
|---|---|---|---|
| Lamar Crossing | 4 Bedroom | 4BR,2BA | $1.10 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.17 |
| 1101 S Rembert St, Unit 1101 | 1101 S Rembert St | 1BR,1BA | $0.90 |
| 2203 Young Ave, Unit 2203 Young | 2203 Young Ave | 1BR,1BA | $1.00 |
| Yugo Memphis Southern | Studio | Studio ,1BA | $1.39 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $0.64 |
| The Wendell | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.12 |
| El Dorado | 1 Bedroom | 1BR,1BA | $1.04 |
| Coronado Manor | 1 bedroom | 1BR,1BA | $1.25 |
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Pet Friendly LifestyleDepot, Memphis, TN
Ranked #37
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet 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 $1,050.
What is the price of a cheap apartment in Depot?
The cheapest apartment in Depot is El Dorado which is listed at $604, while the average apartment in Depot costs $5,750.
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 62 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 $911 which is $4,839 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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.