Cheap Homes for Rent in Depot Neighborhood of Memphis, TN from $800 (26 Rentals)

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Search the lowest-cost Homes available for rent right now in the Depot area of Memphis.

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Depot, Memphis, TN Local Guide

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 ListingModel NameBed/BathPriced From
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$499
El Dorado1 Bedroom1BR,1BA$599
Coronado Manor1 bedroom1BR,1BA$699
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700
Yugo Memphis Southern2 Bed, 2 Bath Classic2BR,2BA$899
Bonsai at Central GardensStudio- without Washer/DryerStudio,1BA$949
The Wendell1BR/1.0BA1BR,1BA$950
Cane Creek Apartments3 BED TOWNHOME3BR,2BA$995

Best Value Apartments for Rent in Depot, TN

As of April 05, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2006 Felix Ave, Unit 12006 Felix Ave1BR,1BA$0.40
Cane Creek Apartments4 BED TOWNHOME4BR,2BA$0.65
994 Philadelphia St, Unit 994994 Philadelphia St1BR,1BA$0.77
Lamar Crossing4 Bedroom4BR,2BA$1.10
1920 Lamar Ave, Unit APT 11920 Lamar Ave2BR,1BA$1.05
Georgian Woods2x12BR,1BA$1.17
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.90
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$1.12
El Dorado1 Bedroom1BR,1BA$1.05

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Frequently Asked Questions about Depot

What type of rentals are currently available in Depot?

There are currently 121 Apartments for Rent in Depot, TN with pricing that ranges from $499 to $5,070. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Depot ranging from $825 to $3,600.

What is the current price range for Rental Homes in Depot?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Depot ranges from $825 to $3,600 with an average monthly rent of $1,409.

How much are larger Three and Four Bedroom Rentals in Depot?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Depot range from $789 to $4,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,996. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $599.

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.