Cheap Homes for Rent in the Mill Branch Neighborhood of Memphis, TN from $1,100 (5 Rentals)

Search the lowest-cost Homes available for rent right now in the Mill Branch area of Memphis.

$1,150

3 Bedroom, 1 Bath Home for Rent

Available Now

1521 Abernathy Rd

MemphisTN38116

$1,150

3 Bedroom, 1 Bath Rentals

Available Now

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

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$1,150

3 Bedroom, 1 Bath Home for Rent

Available Now

5369 Lochinvar Rd

MemphisTN38116

$1,235

3 Bedroom, 1 Bath Rentals

Available Now

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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$1,295

3 Bedroom, 2 Bath Home for Rent

Available Now

1624 Winfield Rd

MemphisTN38116

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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	$1,361	$1,150	$1,795
Mill Branch 4 Bedroom Homes for Rent	$1,800	$1,800	$1,800

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 Mill Creek Apartments priced from $612. Highland Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment Listing	Model Name	Bed/Bath	Priced From
Mill Creek Apartments	1 Bedroom / 1 Bathroom	1BR,1BA	$612
Highland Meadows Apartments	1x1 750	1BR,1BA	$775
The Posts	1 Bedroom 1 Bath	1BR,1BA	$775

Best Value Apartments for Rent in Mill Branch, TN

As of August 10, 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 B1 Model at Wilson Townhomes starting at $1,125 with a $0.94 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.
Fairway	Two Bedroom Townhome w/Stairs	2BR,1.5BA	$0.67
Wilson Townhomes	B1	2BR,1.5BA	$0.94
Faronia Square	2 bdr 1.5 ba Plan I	2BR,1.5BA	$0.76
Shelby Pointe Townhomes	B1	2BR,1.5BA	$0.89
Sutton at Shelby	2 Bedroom 1.5 Bathroom	2BR,1.5BA	$0.85
Pinewood Manor	Two Bedroom	2BR,1.5BA	$0.98
Colonial Village Apartments	2 Bedroom	2BR,1BA	$0.97
Highland Meadows Apartments	1x1 750	1BR,1BA	$1.03
Graceland Flats	Graceland Flats	2BR,1BA	$1.05
Mill Creek Apartments	1 Bedroom / 1 Bathroom	1BR,1BA	$0.94

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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Pet Friendly Lifestyle
Mill Branch, Memphis, TN

Ranked #76

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet 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 $612 to $2,570. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mill Branch ranging from $1,150 to $1,800.

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 $1,150 to $1,800 with an average monthly rent of $1,404.

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.

Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.