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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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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

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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Raintree Apartments
2 Bedroom Apartments

Raintree Apartments

742 E Raines RdMemphis, TN 38116
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Fairway
2 to 3 Bedroom Apartments

Fairway

5150 Tulane RdMemphis, TN 38109
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Pinewood Manor
Studio to 2 Bedroom Apartments

Pinewood Manor

4260 E Peggy Jo DrMemphis, TN 38116

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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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 Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis priced from $695. Mill Creek Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $760. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisA11BR,1BA$695
Mill Creek Apartments2 Bedroom / 1 Bathroom2BR,1BA$760
Graceland Flats – Modern Living in the Heart of WhitehavenFantastic Whitehaven Apartment!2BR,1BA$850
Highland Meadows Apartments2x1.5 9502BR,1BA$875
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1BA$875
Holmes Pointe ApartmentsB12BR,1BA$899
The Posts2 Bedroom 1 Bath2BR,1BA$940
Pinewood ManorTwo Bedroom Townhome2BR,1BA$945
TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!B12BR,1BA$1,025
Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!B12BR,1BA$1,095

Best Value Apartments for Rent in Mill Branch, TN

As of May 11, 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 B2 Model at Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis! starting at $1,115 with a $0.93 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
Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!B22BR,1.5BA$0.93
TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!B12BR,1.5BA$0.93
Pinewood ManorTwo Bedroom Townhome2BR,1.5BA$0.86
Highland Meadows Apartments2x1.5 9502BR,1.5BA$0.92
Mill Creek Apartments2 Bedroom / 1 Bathroom2BR,1BA$0.87
The Posts2 Bedroom 1 Bath2BR,1BA$1.20
Holmes Pointe ApartmentsB12BR,1BA$1.20
Sutton at Shelby1 Bedroom 1 Bathroom1BR,1BA$1.21
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisA11BR,1BA$1.04

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 #50

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 Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis which is listed at $695, while the average apartment in Mill Branch costs $1,100.

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 3 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 $166 which is $934 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.