Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $400 (34 Rentals)

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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

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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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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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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.

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1283 E Raines Rd
1 to 2 Bedroom Apartments

1283 E Raines Rd

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

Pinewood Manor

4260 E Peggy Jo DrMemphis, TN 38116
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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.

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Showing Results 1-34, 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 $612. Highland Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. 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$612
Highland Meadows Apartments1x1 7501BR,1BA$775
The Posts1 Bedroom 1 Bath1BR,1BA$775
Graceland FlatsGraceland Flats2BR,1BA$775
1283 E Raines Rd1 Beds, 1 Baths1BR,1BA$790
Colonial Village Apartments2 Bedroom2BR,1BA$875
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1BA$875
Pinewood ManorTwo Bedroom2BR,1BA$908
Faronia Square2 bdr 1.5 ba Plan I2BR,1BA$910
FairwayTwo Bedroom Townhome w/Stairs2BR,1BA$925

Best Value Apartments for Rent in Mill Branch, TN

As of August 10, 2026 the best value apartment in the Mill Branch area is the $0.67 price per square foot Two Bedroom Townhome w/Stairs Model at Fairway in the in the South Memphis neighborhood starting from $925. The second greatest value Mill Branch apartment is the B1 Model at Wilson Townhomes starting at $1,125 with a $0.94 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.
FairwayTwo Bedroom Townhome w/Stairs2BR,1.5BA$0.67
Wilson TownhomesB12BR,1.5BA$0.94
Faronia Square2 bdr 1.5 ba Plan I2BR,1.5BA$0.76
Shelby Pointe TownhomesB12BR,1.5BA$0.89
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1.5BA$0.85
Pinewood ManorTwo Bedroom2BR,1.5BA$0.98
Colonial Village Apartments2 Bedroom2BR,1BA$0.97
Highland Meadows Apartments1x1 7501BR,1BA$1.03
Graceland FlatsGraceland Flats2BR,1BA$1.05
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.94

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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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.

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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 Lifestyle
Mill Branch, Memphis, TN

Ranked #76

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

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

The lowest price for a Cheap One Bedroom Mill Branch Apartment is $612 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 $737 at Mill Creek 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 The Posts and starts from $1,125.

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.

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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.

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