Cheap Homes for Rent in Mill Branch Neighborhood of Memphis, TN from $1,000 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

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.

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

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!

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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 #50

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 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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character  article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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

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.