Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $400 (31 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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Shelby Pointe Townhomes
Rent Specials
$980 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $1,075
Total Monthly Price
$980 - $1,075
2 Bedroom Apartments Available Now

Shelby Pointe Townhomes

1500 E Shelby DrMemphis, TN 38116
Cost Per Sq.Ft.
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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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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

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 1-31, 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 $657. Pinetree Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. 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$657
Pinetree Place Apartments1 Bedroom Premium Remodel1BR,1BA$675
Graceland Pointe ApartmentsA11BR,1BA$680
The Posts1 Bedroom 1 Bath1BR,1BA$750
Graceland FlatsGraceland Flats2BR,1BA$775
Holmes Pointe ApartmentsB12BR,1BA$775
1283 E Raines Rd1 Beds, 1 Baths1BR,1BA$790
Pinewood ManorOne Bedroom Upgrade1BR,1BA$846
Highland Meadows Apartments2x1.5 9502BR,1BA$875
Colonial Village Apartments2 Bedroom2BR,1BA$875

Best Value Apartments for Rent in Mill Branch, TN

As of June 26, 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 3 Bedroom 2 Bathroom Model at Sutton at Shelby starting at $1,175 with a $0.87 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
Sutton at Shelby3 Bedroom 2 Bathroom3BR,2BA$0.87
Wilson TownhomesB12BR,1.5BA$0.94
Faronia Square2 bdr 1.5 ba Platinum2BR,1.5BA$0.84
Chambliss Village TownhomesExperience Comfort and Convenience at Chambliss...2BR,1.5BA$0.99
Shelby Pointe TownhomesB12BR,1.5BA$0.89
Highland Meadows Apartments2x1.5 9502BR,1.5BA$0.92
Colonial Village Apartments2 Bedroom2BR,1BA$0.97
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.93
Graceland Pointe ApartmentsA11BR,1BA$1.01

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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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.

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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

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

The lowest price for a Cheap One Bedroom Mill Branch Apartment is $657 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 The Posts and starts from $1,100.

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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