Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $400 (19 Rentals)

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

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Birchleaf Apartments
2 Bedroom Apartments

Birchleaf Apartments

1033 Whitaker DrMemphis, TN 38116
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Sterling Townhomes
1 to 2 Bedroom Apartments

Sterling Townhomes

1903 E Raines RdMemphis, TN 38116
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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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Garden View Apartments
1 to 2 Bedroom Apartments

Garden View Apartments

1137 Whitaker DrMemphis, TN 38116
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Gospel Gardens
1 to 4 Bedroom Apartments

Gospel Gardens

4801 Farris CirMemphis, TN 38109
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Lakeville Townhomes
1 to 3 Bedroom Apartments

Lakeville Townhomes

2115 Oxford Square CtMemphis, TN 38116
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Raintree Apartments
2 Bedroom Apartments

Raintree Apartments

742 E Raines RdMemphis, TN 38116
  • Utilities Included

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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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 2 Beds unit found at Pinetree Place Apartments priced from $625. Mill Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $637. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$637
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisModern 1-Bedroom Living Near Graceland with Gat...1BR,1BA$695
The Posts1 Bedroom 1 Bath1BR,1BA$750
Highland Meadows Apartments1x1 7501BR,1BA$775

Best Value Apartments for Rent in Mill Branch, TN

As of February 03, 2026 the best value apartment in the Mill Branch area is the $0.36 price per square foot Private Room Model at 1791 Whitman Rd in the in the South Memphis neighborhood starting from $800. The second greatest value Mill Branch apartment is the Two Bedroom Townhome w/Stairs Model at Fairway starting at $825 with a $0.60 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.
1791 Whitman RdPrivate Room5BR,1BA$0.36
FairwayTwo Bedroom Townhome w/Stairs2BR,1.5BA$0.60
Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!B22BR,1.5BA$0.93
Faronia Square2 bdr 1.5 ba Plan I2BR,1.5BA$0.76
Chambliss Village TownhomesExperience Comfort and Convenience at Chambliss...2BR,1.5BA$0.99
TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Ba...2BR,1.5BA$0.90
Colonial Village Apartments2 Bedroom2BR,1BA$0.97
Pinetree Place Apartments2 Bedroom Premium Remodel2BR,1BA$0.91
Highland Meadows Apartments1x1 7501BR,1BA$1.03
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.91

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Mill Branch, Memphis, TN

Ranked #54

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Mill Branch Apartments

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

The cheapest apartment in Mill Branch is Mill Creek Apartments which is listed at $645, while the average apartment in Mill Branch costs $1,175.

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 17 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 $155 which is $1,020 cheaper than the average rent for all rentals in Mill Branch.

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.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.