Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $400 (62 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Coronado Manor
1 to 3 Bedroom Apartments

Coronado Manor

2459 Ketchum RdMemphis, TN 38114
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Edgewood Townhomes
2 Bedroom Apartments

Edgewood Townhomes

1903 S Parkway EMemphis, TN 38114
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2309 Warren St
1 Bedroom Apartments

2309 Warren St

2309 Warren StMemphis, TN 38106

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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
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Airways
2 Bedroom Apartments

Airways

2227 Airways BlvdMemphis, TN 38114

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.

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Cane Creek Apartments
3 to 4 Bedroom Apartments

Cane Creek Apartments

1528 Ragan StMemphis, TN 38106
  • Utilities Included

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 1 Bed unit found at El Dorado priced from $559. 1277 Airways Blvd has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here are the most affordable Depot apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$559
1277 Airways Blvd2 Beds, 1 Baths2BR,1BA$650
2309 Warren St1 Beds, 1 Baths1BR,1BA$650
Brentwood Parc2 Bed/ 2 Bath2BR,1BA$750
Airways2 Bedroom, 1 Bathroom2BR,1BA$750
1831 Castalia St1 Bed 1 Bath1BR,1BA$750
Whispering Pines1 BR1BR,1BA$750
Pendleton Court2 Beds, 1 Baths2BR,1BA$825
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865

Best Value Apartments for Rent in Depot, TN

As of July 13, 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
Whispering Pines1 BR1BR,1BA$0.83
1011 S Willett St, Unit #31011 S Willett St1BR,1BA$0.88
1831 Castalia St1 Bed 1 Bath1BR,1BA$1.15
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.20
2309 Warren St1 Beds, 1 Baths1BR,1BA$1.06
El Dorado1 Bedroom1BR,1BA$0.98
The Flats @ Cooper YoungStudioStudio ,1BA$1.68

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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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.

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Pet Friendly Lifestyle
Depot, Memphis, TN

Ranked #95

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

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

The lowest price for a Cheap One Bedroom Depot Apartment is $559 at El Dorado.

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 $650 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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