Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $500 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
Showing Results 1-15, Page 1 of 1

Mill Branch, Memphis, TN Local Guide

Cheapest Available Mill Branch Apartments for Rent

 

The cheapest available apartment rental in the Mill Branch area of Memphis, TN is a Studio unit found at New Horizon - Kingsgate priced from $577. Mill Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
New Horizon - KingsgateEffStudio,1BA$577
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$700
Highland Meadows Apartments1x1 7501BR,1BA$750
The Posts1 Bedroom 1 Bath1BR,1BA$750
Holmes PointeA11BR,1BA$820

Best Value Apartments for Rent in Mill Branch, TN

As of April 30, 2025 the best value apartment in the Mill Branch area is the $0.99 price per square foot Experience Comfort and Convenience at Chambliss... Model at Chambliss Village in the in the South Memphis neighborhood starting from $1,095. The second greatest value Mill Branch apartment is the B1 Model at Shelby Pointe Townhomes starting at $1,050 with a $0.95 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for Mill Branch apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chambliss VillageExperience Comfort and Convenience at Chambliss...2BR,1.5BA$0.99
Shelby Pointe TownhomesB12BR,1.5BA$0.95
Sutton at Shelby2 Bedroom 1 Bathroom2BR,1BA$0.99
Colonial Village Apartments2 Bedroom2BR,1BA$0.92
Graceland FlatsBeautiful Graceland Flats2BR,1BA$1.17
Graceland PointeSpacious 2-Bed, 1-Bath Living at Graceland Pointe!2BR,1BA$0.98
Hunter Oaks Apartments2 Bedroom2BR,1.5BA$1.15
Highland Meadows Apartments1x1 7501BR,1BA$1.00
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.99
Holmes PointeA11BR,1BA$1.31

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Mill Branch, Memphis, TN

Ranked #70

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Mill Branch Apartments

What is a cheap apartment in Mill Branch?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mill Branch is under $925.

What is the price of a cheap apartment in Mill Branch?

The cheapest apartment in Mill Branch is New Horizon - Kingsgate which is listed at $587, while the average apartment in Mill Branch costs $897.

What types of apartments are the cheapest in Mill Branch?

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

How do the prices of cheap apartments compare to the average apartment in Mill Branch?

Cheap apartments in Mill Branch have an average cost of $198 which is $699 cheaper than the average rent for all rentals in Mill Branch.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.