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

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

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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 1 Bed apartment currently listed from $742. 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 Apartments1 Bedroom / 1 Bathroom1BR,1BA$742
The Posts1 Bedroom 1 Bath1BR,1BA$750

Best Value Apartments for Rent in Mill Branch, TN

As of April 01, 2025 the best value apartment in the Mill Branch area is the $0.91 price per square foot 1617 Butterworth Rd Model at 1617 Butterworth Rd in the in the South Memphis neighborhood starting from $1,530. The second greatest value Mill Branch apartment is the 2 bdr 1.5 ba Plan IV Model at Faronia Square starting at $900 with a $0.75 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.
1617 Butterworth Rd1617 Butterworth Rd4BR,2BA$0.91
Faronia Square2 bdr 1.5 ba Plan IV2BR,1.5BA$0.75
Chambliss VillageB12BR,1.5BA$0.99
Shelby Pointe TownhomesB12BR,1.5BA$0.95
Sutton at Shelby2 Bedroom 1 Bathroom2BR,1BA$1.05
Hunter Oaks Apartments2 Bedroom2BR,1.5BA$1.15
Highland Meadows Apartments1x1 7501BR,1BA$1.00
Holmes PointeB12BR,1BA$1.17
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.08
Graceland PointeA11BR,1BA$1.16

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Pet Friendly Lifestyle
Mill Branch, Memphis, TN

Ranked #78

Among neighborhoods in Memphis, TN 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

What is the price of a cheap apartment in Mill Branch?

The cheapest apartment in Mill Branch is New Horizon - Kingsgate which is listed at $587, while the average apartment in Mill Branch costs $897.

What types of apartments are the cheapest in Mill Branch?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Mill Branch that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Mill Branch?

Cheap apartments in Mill Branch have an average cost of $148 which is $749 cheaper than the average rent for all rentals in Mill Branch.

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.

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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.

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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.

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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.

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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.