
Cheap Homes for Rent in Mill Branch Neighborhood of Memphis, TN from $1,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Mill Branch area of Memphis.


1137 Whitaker Dr, Unit Garden View - 2 Bedroom
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.

5572 Lochinvar Dr

1602 Buxton Rd
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.

1628 Puryear Rd
Mill Branch, Memphis, TN Local Guide

How much does it cost to rent a home in Mill Branch?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mill Branch 3 Bedroom Homes for Rent | $1,662 | $1,090 | $5,200 |
| Mill Branch 4 Bedroom Homes for Rent | $1,405 | $1,375 | $1,435 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Mill Branch Neighborhood of Memphis, TN.
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Mill Branch, Memphis, TN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis | A1 | 1BR,1BA | $695 |
| Mill Creek Apartments | 2 Bedroom / 1 Bathroom | 2BR,1BA | $760 |
| Graceland Flats – Modern Living in the Heart of Whitehaven | Fantastic Whitehaven Apartment! | 2BR,1BA | $850 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1791 Whitman Rd | Private Room | 5BR,1BA | $0.36 |
| Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis! | B2 | 2BR,1.5BA | $0.93 |
| TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr! | B1 | 2BR,1.5BA | $0.93 |
| Pinewood Manor | Two Bedroom Townhome | 2BR,1.5BA | $0.86 |
| Highland Meadows Apartments | 2x1.5 950 | 2BR,1.5BA | $0.92 |
| Mill Creek Apartments | 2 Bedroom / 1 Bathroom | 2BR,1BA | $0.87 |
| The Posts | 2 Bedroom 1 Bath | 2BR,1BA | $1.20 |
| Holmes Pointe Apartments | B1 | 2BR,1BA | $1.20 |
| Sutton at Shelby | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.21 |
| Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis | A1 | 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!
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleMill Branch, Memphis, TN
Ranked #50
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Mill Branch
What type of rentals are currently available in Mill Branch?
There are currently 52 Apartments for Rent in Mill Branch, TN with pricing that ranges from $625 to $1,594. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mill Branch ranging from $1,090 to $5,200.
What is the current price range for Rental Homes in Mill Branch?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mill Branch ranges from $1,090 to $5,200 with an average monthly rent of $1,533.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

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.

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.