Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $500 (45 Rentals)

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

property at 2965 N Radford Rd

$800

Total Monthly Price

Total Monthly Price

Base Rent
$788
Required Monthly Fees
$12
Total Monthly Price
$800

2 Bedroom, 1 Bath Rentals

Available Now

2965 N Radford Rd

MemphisTN38114
property at 2610 Lowell Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$883
Required Monthly Fees
$12
Total Monthly Price
$895

3 Bedroom, 2 Bath Rentals

Available Now

2610 Lowell Ave

MemphisTN38114

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Coronado Manor
1 to 3 Bedroom Apartments

Coronado Manor

2459 Ketchum RdMemphis, TN 38114
  • Utilities Included
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Edgewood Townhomes
2 Bedroom Apartments

Edgewood Townhomes

1903 S Parkway EMemphis, TN 38114
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Brentwood Parc
2 Bedroom Apartments

Brentwood Parc

2853 Waverly AveMemphis, TN 38111
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Manor Park Apartments
1 to 3 Bedroom Apartments

Manor Park Apartments

1500 Parkway View CirMemphis, TN 38106
  • Utilities Included

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Crane Manor Apartments
1 to 2 Bedroom Apartments

Crane Manor Apartments

2295 Candlewyck CirMemphis, TN 38114
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Lapaloma Apartments
1 to 2 Bedroom Apartments

Lapaloma Apartments

1393 Lapaloma CirMemphis, TN 38114
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Barron Court
2 Bedroom Apartments

Barron Court

3015 Barron AveMemphis, TN 38114
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Bantam Apartments
Studio to 2 Bedroom Apartments

Bantam Apartments

2949 Airways BlvdMemphis, TN 38131
  • Utilities Included
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Airways
2 Bedroom Apartments

Airways

2227 Airways BlvdMemphis, TN 38114

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Showing Results 1-45, Page 1 of 1

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 El Dorado priced from $680. 1154 Wilson St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Depot apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado2 Bedroom2BR,1BA$680
1154 Wilson St1 Bed, 1 bath1BR,1BA$699
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$739
Airways2 Bedroom, 1 Bathroom2BR,1BA$750
1831 Castalia St1 Bed 1 Bath1BR,1BA$750
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865

Best Value Apartments for Rent in Depot, TN

As of February 27, 2026 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 1 Bed, 1 bath Model at 1154 Wilson St starting at $699 with a $0.87 price per square foot in the South 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.
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
1154 Wilson St1 Bed, 1 bath1BR,1BA$0.87
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.95
2000 Walker Ave, Unit Walker 12000 Walker Ave1BR,1BA$2.07
El Dorado2 Bedroom2BR,1.5BA$0.93
1831 Castalia St1 Bed 1 Bath1BR,1BA$1.15
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.20

Frequently Asked Questions about Cheap Depot Apartments

What is the price of a cheap apartment in Depot?

The cheapest apartment in Depot is 1154 Wilson St which is listed at $699, while the average apartment in Depot costs $1,395.

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 4 regular apartments in Depot that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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