Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $400 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
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.

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.

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
Raintree Apartments
2 Bedroom Apartments

Raintree Apartments

742 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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 Whitehaven Oaks Apartments priced from $650. Mill Creek Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Whitehaven Oaks ApartmentsApartments1BR,1BA$650
Mill Creek Apartments2 Bedroom / 2 Bathroom2BR,2BA$659
Highland Meadows Apartments1x1 7501BR,1BA$750
Pinetree Place Apartments2x12BR,1BA$775
Holmes PointeA11BR,1BA$820

Best Value Apartments for Rent in Mill Branch, TN

As of July 30, 2025 the best value apartment in the Mill Branch area is the $0.76 price per square foot 3 bdr 1.5 ba Plan V Model at Faronia Square in the in the South Memphis neighborhood starting from $955. The second greatest value Mill Branch apartment is the B2 Model at Wilson Crossing 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.
Faronia Square3 bdr 1.5 ba Plan V3BR,1.5BA$0.76
Wilson CrossingB22BR,1.5BA$0.93
Chambliss VillageExperience Comfort and Convenience at Chambliss...2BR,1.5BA$0.99
Shelby Pointe TownhomesB12BR,1.5BA$0.95
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1.5BA$0.95
Colonial Village Apartments2 Bedroom2BR,1BA$0.92
Pinetree Place Apartments2x12BR,1BA$0.91
Graceland Pointe ApartmentsB12BR,1BA$0.98
Highland Meadows Apartments1x1 7501BR,1BA$1.00
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.94

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 #54

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

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

The cheapest apartment in Mill Branch is Whitehaven Oaks Apartments which is listed at $650, while the average apartment in Mill Branch costs $1,160.

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 5 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 $168 which is $992 cheaper than the average rent for all rentals in Mill Branch.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.