Cheap Apartments for Rent in the Mill Branch Neighborhood of Memphis, TN from $500 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
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.

Showing Results 1-9, 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 Studio unit found at New Horizon - Kingsgate priced from $577. Mill Creek Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $739. Here are the most affordable Mill Branch apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
New Horizon - KingsgateEffStudio,1BA$577
Mill Creek Apartments2 Bedroom / 2 Bathroom2BR,2BA$739
The Posts1 Bedroom 1 Bath1BR,1BA$750

Best Value Apartments for Rent in Mill Branch, TN

As of April 13, 2025 the best value apartment in the Mill Branch area is the $0.75 price per square foot 2 bdr 1.5 ba Plan IV Model at Faronia Square in the in the South Memphis neighborhood starting from $900. The second greatest value Mill Branch apartment is the B1 Model at Shelby Pointe Townhomes starting at $1,050 with a $0.95 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 Square2 bdr 1.5 ba Plan IV2BR,1.5BA$0.75
Shelby Pointe TownhomesB12BR,1.5BA$0.95
Sutton at Shelby2 Bedroom 1 Bathroom2BR,1BA$0.99
Colonial Village Apartments2 Bedroom2BR,1BA$0.92
Hunter Oaks Apartments2 Bedroom2BR,1.5BA$1.15
Highland Meadows Apartments1x1 7501BR,1BA$1.00
Graceland FlatsB22BR,1BA$1.26
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.17
Graceland PointeA11BR,1BA$1.16
Holmes PointeA11BR,1BA$1.31

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 #64

Among neighborhoods in Memphis, TN 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 Cheapest Studio apartment in Mill Branch?

Currently the most affordable Cheap Studio Apartment in Mill Branch is at New Horizon - Kingsgate listed at $577.

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

The lowest price for a Cheap One Bedroom Mill Branch Apartment is $587 at New Horizon - Kingsgate.

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 $682 at New Horizon - Kingsgate.

What is the most affordable Mill Branch Three Bedroom Apartment?

The best deal on a cheap Mill Branch Three Bedroom Apartment rental is at New Horizon - Kingsgate and starts from $827.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.