Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $500 (77 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

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Rent According to Income: A Look at Income-Restricted Rentals

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Coronado Manor
1 to 3 Bedroom Apartments

Coronado Manor

2459 Ketchum RdMemphis, TN 38114
  • Utilities Included
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2309 Warren St
1 Bedroom Apartments

2309 Warren St

2309 Warren StMemphis, TN 38106

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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Edgewood Townhomes
2 Bedroom Apartments

Edgewood Townhomes

1903 S Parkway EMemphis, TN 38114
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Barron Court
2 Bedroom Apartments

Barron Court

3015 Barron AveMemphis, TN 38114
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1154 Wilson St
1 Bedroom Apartments

1154 Wilson St

1154 Wilson StMemphis, TN 38106
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Manor Park Apartments
1 to 3 Bedroom Apartments

Manor Park Apartments

1500 Parkway View CirMemphis, TN 38106
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Lapaloma Apartments
1 to 2 Bedroom Apartments

Lapaloma Apartments

1393 Lapaloma CirMemphis, TN 38114
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Bantam Apartments
Studio to 2 Bedroom Apartments

Bantam Apartments

2949 Airways BlvdMemphis, TN 38131
  • Utilities Included

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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1831 Castalia St
1 Bedroom Apartments

1831 Castalia St

1831 Castalia StMemphis, TN 38114
Senior Living
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Airways
2 Bedroom Apartments

Airways

2227 Airways BlvdMemphis, TN 38114

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 1277 Airways Blvd priced from $625. 2309 Warren St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable Depot apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
1277 Airways Blvd2 Beds, 1 Baths2BR,1BA$625
2309 Warren St1 Beds, 1 Baths1BR,1BA$625
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$660
El Dorado2 Bedroom2BR,1BA$668
Whispering Pines1 BR1BR,1BA$750
Brentwood Parc2 Bed/ 2 Bath2BR,1BA$750
Airways2 Bedroom, 1 Bathroom2BR,1BA$750
The Courtyard Apartments2 Beds, 1 Baths2BR,1BA$825
Imogene ApartmentsB12BR,1BA$840

Best Value Apartments for Rent in Depot, TN

As of August 27, 2026 the best value apartment in the Depot area is the $1.18 price per square foot 4 Bedroom Model at Lamar Crossing in the in the East Memphis neighborhood starting from $1,467. The second greatest value Depot apartment is the 2 Bed/ 2 Bath Towhnome Model at Brentwood Parc starting at $850 with a $0.83 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.
Lamar Crossing4 Bedroom4BR,2BA$1.18
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.83
Whispering Pines1 BR1BR,1BA$0.83
The Courtyard Apartments2 Beds, 1 Baths2BR,1BA$0.97
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.85
El Dorado2 Bedroom2BR,1.5BA$0.92
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.20
2309 Warren St1 Beds, 1 Baths1BR,1BA$1.02

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Depot, Memphis, TN

Ranked #89

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Depot Apartments

What is the Cheapest Studio apartment in Depot?

Currently the most affordable Cheap Studio Apartment in Depot is at The Flats @ Cooper Young listed at $925.

How much is rent for a Cheap One Bedroom Depot Apartment?

The lowest price for a Cheap One Bedroom Depot Apartment is $625 at 2309 Warren St.

What is the lowest price for a Cheap Two Bedroom Depot Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Depot is starting from $625 at 1277 Airways Blvd.

What is the most affordable Depot Three Bedroom Apartment?

The best deal on a cheap Depot Three Bedroom Apartment rental is at Brentwood Parc and starts from $895.

Expert Rental Resources

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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