1253 Cannon St
MemphisTN38106
Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Depot area of Memphis.
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Rent Specials
$551 - $1,0691 to 2 Bedroom Apartments Available Now
El Dorado
2743 Ketchum RdMemphis, 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.
489-491 Boston St
MemphisTN38111
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$700 - $1,0001 to 3 Bedroom Apartments Available Now
Manor Park Apartments
1500 Parkway View CirMemphis, TN 38106
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2444 Ketchum Rd
MemphisTN38114
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2346 Poe Ave
MemphisTN38114
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Showing Results 1-11, Page 1 of 1
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 | $1,047 | $999 | $1,139 |
| Depot 1 Bedroom Apartments | $833 | $200 | $1,595 |
| Depot 2 Bedroom Apartments | $940 | $695 | $1,750 |
| Depot 3 Bedroom Apartments | $998 | $995 | $1,000 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Depot Neighborhood of Memphis, TN.
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Depot, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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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 $551. Manor Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Depot apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| El Dorado | 1 Bedroom | 1BR,1BA | $551 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Coronado Manor | 1 bedroom | 1BR,1BA | $749 |
| Airways | 2 Bedroom, 1 Bathroom | 2BR,1BA | $800 |
| Barron Court | Barron Court 2 Bedroom 1 Bath | 2BR,1BA | $839 |
Best Value Apartments for Rent in Depot, TN
As of August 22, 2025 the best value apartment in the Depot area is the $0.95 price per square foot 2 Beds, 2 baths Model at Ruby Oaks Apartments in the in the South Memphis neighborhood starting from $895. The second greatest value Depot apartment is the 2 Bed / 1.5 Bath Model at Grainge Hill Apartments starting at $849 with a $1.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ruby Oaks Apartments | 2 Beds, 2 baths | 2BR,2BA | $0.95 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.08 |
| Barron Court | Barron Court 2 Bedroom 1 Bath | 2BR,1BA | $1.08 |
| El Dorado | 2 Bedroom | 2BR,1.5BA | $1.01 |
| The Wendell | 1BR/1.0BA | 1BR,1BA | $1.47 |
| Airways | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.28 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.12 |
| Coronado Manor | 1 bedroom | 1BR,1BA | $1.34 |
| The Flats @ Cooper Young | Studio | Studio ,1BA | $1.86 |
| Furnished Studio-Memphis - Airport | Furnished Studio-Memphis - Airport | Studio ,1BA | $3.80 |
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Pet Friendly LifestyleDepot, Memphis, TN
Ranked #71
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $999.
What is the price of a cheap apartment in Depot?
The cheapest apartment in Depot is El Dorado which is listed at $551, while the average apartment in Depot costs $1,025.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.