Cheap 1 Bedroom Apartments for Rent in the Depot Neighborhood of Memphis, TN from $602 (18 Rentals)

Manor Park Apartments

1379 Ferguson Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

842 Hilton St

2428 Ketchum Cove

755 Baltimore St

677 Buntyn St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2417 Deadrick Ave

1485 E Mallory Ave

2320 E Warren St

1271 Carrolton 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.
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 | $1,171 | $1,050 | $1,559 |
Depot 1 Bedroom Apartments | $913 | $602 | $1,595 |
Depot 2 Bedroom Apartments | $963 | $682 | $1,750 |
Depot 3 Bedroom Apartments | $1,527 | $950 | $4,480 |
Depot 4 Bedroom Apartments | $1,610 | $1,395 | $1,885 |
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Depot, Memphis, TN Local Guide
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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.
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 $545, while the average apartment in Depot costs $1,550.
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 6 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 $173 which is $1,377 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.