Cheap Homes for Rent in Depot Neighborhood of Memphis, TN from $600 (21 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 $604. 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$604
Coronado Manor1 bedroom1BR,1BA$699
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700
Yugo Memphis Southern2 Bed, 2 Bath Classic2BR,2BA$899

Best Value Apartments for Rent in Depot, TN

As of April 26, 2025 the best value apartment in the Depot area is the $0.90 price per square foot 1101 S Rembert St Model at 1101 S Rembert St, Unit 1101 in the in the East Memphis neighborhood starting from $810. The second greatest value Depot apartment is the 2203 Young Ave Model at 2203 Young Ave, Unit 2203 Young starting at $900 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.90
2203 Young Ave, Unit 2203 Young2203 Young Ave1BR,1BA$1.00
Georgian Woods2x12BR,1BA$1.17
Yugo Memphis SouthernStudioStudio ,1BA$1.39
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64
Element at Midtown2 Bed, 2 Bath2BR,2BA$1.65
The Wendell1BR/1.0BA1BR,1BA$1.46
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$1.12
El Dorado1 Bedroom1BR,1BA$1.05
Coronado Manor1 bedroom1BR,1BA$1.25

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Frequently Asked Questions about Depot

What type of rentals are currently available in Depot?

There are currently 120 Apartments for Rent in Depot, TN with pricing that ranges from $499 to $9,900. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Depot ranging from $640 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 $640 to $3,600 with an average monthly rent of $1,301.

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 $4,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,996. Four Bedroom Single-Family rentals are also available starting from $1,150 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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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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

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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.