Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $450 (35 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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.

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

Read Article

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
Birchleaf Apartments
2 Bedroom Apartments

Birchleaf Apartments

1033 Whitaker DrMemphis, TN 38116
  • Utilities Included
close
View Me
Sterling Townhomes
1 to 2 Bedroom Apartments

Sterling Townhomes

1903 E Raines RdMemphis, TN 38116
  • Utilities Included
close
View Me
Garden View Apartments
1 to 2 Bedroom Apartments

Garden View Apartments

1137 Whitaker DrMemphis, TN 38116
  • Utilities Included
close
View Me
Gospel Gardens
1 to 4 Bedroom Apartments

Gospel Gardens

4801 Farris CirMemphis, TN 38109
  • Utilities Included

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

Read Article
close
View Me
1283 E Raines Rd
1 to 2 Bedroom Apartments

1283 E Raines Rd

1283 E Raines RdMemphis, TN 38116
close
View Me
Pinewood Manor
Studio to 2 Bedroom Apartments

Pinewood Manor

4260 E Peggy Jo DrMemphis, TN 38116
close
View Me
Fairway
2 to 3 Bedroom Apartments

Fairway

5150 Tulane RdMemphis, TN 38109

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.

Read Article
Showing Results 1-35, 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 1 Bed unit found at Mill Creek Apartments priced from $605. Pinetree Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR, 1BA$605
Pinetree Place Apartments2 Bedroom Premium Remodel2BR, 1BA$725
1283 E Raines Rd2 Beds, 1 Baths2BR, 1BA$725
The Posts1 Bedroom 1 Bath1BR, 1BA$775
Highland Meadows Apartments1x1 7501BR, 1BA$775
Welcome to Holmes Pointe Apartments!B12BR, 1BA$775
Graceland FlatsGraceland Flats2BR, 1BA$799
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR, 1BA$875
Colonial Village Apartments2 Bedroom2BR, 1BA$875
Faronia Square2 bdr 1.5 ba Plan IV2BR, 1BA$900

Best Value Apartments for Rent in Mill Branch, TN

As of September 25, 2026 the best value apartment in the Mill Branch area is the $0.73 price per square foot Three Bedroom Townhome w/ Stairs Model at Fairway in the South Memphis neighborhood starting from $1,025. The second greatest value Mill Branch apartment is the 3 Bedroom 2 Bathroom Model at Sutton at Shelby in the South Memphis neighborhood starting at $1,175 with a $0.87 price per square foot. 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.
FairwayThree Bedroom Townhome w/ Stairs3BR, 2.5BA$0.73
Sutton at Shelby3 Bedroom 2 Bathroom3BR, 2BA$0.87
Faronia Square3 bdr 1.5 ba Plan V3BR, 1.5BA$0.76
Wilson TownhomesB12BR, 1.5BA$0.94
Chambliss Village TownhomesB12BR, 1.5BA$0.99
Shelby Pointe TownhomesB12BR, 1.5BA$0.89
Pinewood ManorTwo Bedroom2BR, 1.5BA$0.98
Colonial Village Apartments2 Bedroom2BR, 1BA$0.97
Pinetree Place Apartments2 Bedroom Premium Remodel2BR, 1BA$0.85
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR, 1BA$0.93

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!

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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 #68

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Mill Branch Apartments

How much is rent for a Cheap One Bedroom Mill Branch Apartment?

The lowest price for a Cheap One Bedroom Mill Branch Apartment is $605 at Mill Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Mill Branch Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mill Branch is starting from $725 at Graceland Pointe Apartments.

What is the most affordable Mill Branch Three Bedroom Apartment?

The best deal on a cheap Mill Branch Three Bedroom Apartment rental is at Faronia Square and starts from $955.

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.

Helpful Local Expert Guides

decorative image for Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City article

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

decorative image for The Local Memphis Expert's Guide to Renting Near the City's Top Employers article

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

decorative image for College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive article

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

Written by: Joshua Carlucci

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.