Background of study: Elderly population aged 60 years and above in the world will reach 1.2 billion by the year 2025, the majority of whom will be in developing countries. The increase in life expectancy has brought about increased number of illnesses, one of the major ones being depression. Geriatric Depression impacts general health status of elderly and quality of life of elderly. Objective: This study was conducted to study the prevalence of depression among the elderly population and factors associated with it. Research Methodology: A cross sectional study was conducted in the urban field practice area of Chitradurga which has a population of 20,000. The elderly people were interviewed by house to house survey. Data was collected using a questionnaire-guided interview method. A 15- item Geriatric Depression Scale (GDS): short form questionnaire was used as the main screening instrument. Data was analyzed using the Statistical Package for Social Sciences version 18.0. Chi-square test was used, wherever applicable, to determine the relationship between socio-demographic factors and depression. p value of less than 0.05 was considered statistically significant. Results: The prevalence of depression in the study population was 41.7 %. Geriatric depression showed statistically significant association with advancing age, widowed, financially dependent, living in joint families and those who felt neglected. Conclusion: The prevalence of depression among the elderly is high and a cause of concern. Mental health problems among the elderly should receive more attention.