Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $400 (20 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 Studio unit found at Pinetree Place Apartments priced from $625. Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Pinetree Place Apartments2 Bedroom Basic RemodelStudio,1BA$625
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisModern 1-Bedroom Living Near Graceland with Gat...1BR,1BA$695
Highland Meadows Apartments1x1 7501BR,1BA$750
The Posts1 Bedroom 1 Bath1BR,1BA$750
Mill Creek Apartments2 Bedroom / 1 Bathroom2BR,1BA$770

Best Value Apartments for Rent in Mill Branch, TN

As of December 20, 2025 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
Faronia Square2 bdr 1.5 ba Plan I2BR,1.5BA$0.76
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
Mill Creek Apartments2 Bedroom / 1 Bathroom2BR,1BA$0.89
Pinetree Place Apartments2 Bedroom Basic RemodelStudio ,1BA$0.74
Pinewood ManorOne Bedroom Townhome1BR,1BA$1.06
Highland Meadows Apartments1x1 7501BR,1BA$1.00
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisModern 1-Bedroom Living Near Graceland with Gat...1BR,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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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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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 #53

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 $695 at Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis.

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 $770 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 Faronia Square and starts from $985.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!