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from $5451 to 2 Bedroom Apartments Available Now
El Dorado
2743 Ketchum RdMemphis, TN 38114
Cheap Apartments for Rent in the Depot Neighborhood of Memphis, TN from $500 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Depot area of Memphis.
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from $7001 to 3 Bedroom Apartments Available Now
Manor Park Apartments
1500 Parkway View CirMemphis, TN 38106
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1020 Boston St
MemphisTN38114
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from $8652 to 3 Bedroom Apartments Available Now
Ruby Oaks Apartments
2464 Ruby Oaks DrMemphis, TN 38106
2723 Browning Ave
MemphisTN38114
1379 Ferguson Rd
MemphisTN38106
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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842 Hilton St
MemphisTN38114
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2428 Ketchum Cove
MemphisTN38114
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525 Baltimore St
MemphisTN38111
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802 Cella St
MemphisTN38114
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.
755 Baltimore St
MemphisTN38114
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1731 E Silver St
MemphisTN38106
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677 Buntyn St
MemphisTN38114
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2417 Deadrick Ave
MemphisTN38114
2267 LONGSTREET Dr
MemphisTN38114
2115 Bennett Ave
MemphisTN38114
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2844 Brewer Ave
MemphisTN38114
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.
1485 E Mallory Ave
MemphisTN38106
1459 Cooper St
MemphisTN38114
1507 Wilson St
MemphisTN38106
2320 E Warren St
MemphisTN38106
858 PENDLETON St
MemphisTN38114
1535 Southern Ave
MemphisTN38114
802 PENDLETON St
MemphisTN38114
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
673 Greer
MemphisTN38111
1407 Ferguson Rd
MemphisTN38106
1271 Carrolton Rd
MemphisTN38127
3115 Monterrey Square
MemphisTN38111
3057 Radford Rd
MemphisTN38111
496 Belt Line St
MemphisTN38111
Showing Results 1-43, 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 | $1,171 | $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 |
Browse Apartments in this Neighborhood
There are currently 43 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 $545. 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 | $545 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Coronado Manor | 1 bedroom | 1BR,1BA | $749 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1BA | $849 |
| Ruby Oaks Apartments | 2 Beds, 1 bath | 2BR,1BA | $865 |
| The Wendell | 1BR/1.0BA | 1BR,1BA | $995 |
| The Flats @ Cooper Young | Studio | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Depot, TN
As of June 20, 2025 the best value apartment in the Depot area is the $1.00 price per square foot 1920 Lamar Ave Model at 1920 Lamar Ave, Unit APT 3 in the in the East Memphis neighborhood starting from $1,000. The second greatest value Depot apartment is the 2 Beds, 2 baths Model at Ruby Oaks Apartments starting at $895 with a $0.95 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1920 Lamar Ave, Unit APT 3 | 1920 Lamar Ave | 2BR,1BA | $1.00 |
| Ruby Oaks Apartments | 2 Beds, 2 baths | 2BR,2BA | $0.95 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.08 |
| 1875 Felix Ave, Unit 2 | 1875 Felix Ave | 1BR,1BA | $1.73 |
| 931 S Cox St, Unit Upstairs | 931 S Cox St | Studio ,1BA | $1.65 |
| The Wendell | 1BR/1.0BA | 1BR,1BA | $1.53 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.12 |
| El Dorado | 1 Bedroom | 1BR,1BA | $0.95 |
| Coronado Manor | 1 bedroom | 1BR,1BA | $1.34 |
| The Flats @ Cooper Young | Studio | Studio ,1BA | $2.00 |
Quick Rent Budget Calculator
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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 LifestyleDepot, Memphis, TN
Ranked #87
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,050.
How much is rent for a Cheap One Bedroom Depot Apartment?
The lowest price for a Cheap One Bedroom Depot Apartment is $545 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 $682 at El Dorado.
What is the most affordable Depot Three Bedroom Apartment?
The best deal on a cheap Depot Three Bedroom Apartment rental is at Manor Park Apartments and starts from $1,000.
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.