Millcreek Apts — Income-Restricted Housing in Memphis, TN 38116
4595 Water Mill Dr, Memphis, TN 38116
448 units · 397 income-restricted · 1–3 BR
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1995
- Income limit
- 60% AMI
- Bedrooms
- 104 1 bedroom · 336 2 bedrooms · 8 3 bedrooms
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Nearby income-restricted buildings
Graceland Gardens
1438 Graceland Pines St., Memphis, TN 38116
0.8 mi away
192 units · 1–2 BR · People with disabilities
Grace Place Retirement Community
2131 Wilson Road, Memphis, TN 38116
1.2 mi away
30 units · 29 income-restricted · 1 BR
Bent Tree Apts
3471 W Briarpark Dr, Memphis, TN 38116
2.2 mi away
379 units · 2–3 BR
- Affordability period may have ended — call to confirm
Greenhouse
1110 Winchester Rd, Memphis, TN 38116
2.3 mi away
6 units · 1–2 BR
- Affordability period may have ended — call to confirm
Rents and income limits in 38116
- Fair market rent, 2 bedrooms
- $1,250/mo
- Income needed to pay it at 30% of income
- $50,000/yr
- Renters in 38116 paying 30% or more of income on rent
- 66%
Income limits (2026)
Memphis, TN-MS-AR area · median family income $92,700. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $19,500 | $32,450 | $51,950 |
| 2 | $22,250 | $37,100 | $59,350 |
| 3 | $27,320 | $41,750 | $66,750 |
| 4 | $33,000 | $46,350 | $74,150 |
| 5 | $38,680 | $50,100 | $80,100 |
| 6 | $44,360 | $53,800 | $86,050 |
| 7 | $50,040 | $57,500 | $91,950 |
| 8 | $55,720 | $61,200 | $97,900 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 38116 | Wider area |
|---|---|---|
| Studio | $1,050 | $1,095 |
| 1 bedroom | $1,140 | $1,191 |
| 2 bedrooms | $1,250 | $1,301 |
| 3 bedrooms | $1,650 | $1,717 |
| 4 bedrooms | $1,900 | $1,981 |
Wider area = Memphis, TN-MS-AR. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,000 (38126) to $1,510 (38117).
Census figures for 38116 (2020–2024 average): median rent $1,059. Median household income $42,183. 57% of homes are rented. 66% of renters pay 30% or more of their income on rent, and 38% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 38116's fair market rent.
Estimate your Section 8 rent share for 38116Frequently Asked Questions
How do I apply to Millcreek Apts?
No phone is listed for Millcreek Apts. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Millcreek Apts Section 8 housing?
Millcreek Apts is listed as income-restricted housing in Memphis, TN 38116 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Millcreek Apts?
Public records list 448 units at Millcreek Apts in Memphis, TN 38116. That is a building size, not a count of open apartments.
Are there other affordable apartments near Millcreek Apts?
Yes — this page lists other income-restricted buildings in 38116 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Millcreek Apts?
Call the number on this page and ask about the waiting list or how to apply at Millcreek Apts in Memphis, TN 38116. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Memphis, TN 38116?
Most income-restricted buildings in Memphis, TN 38116 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $32,450, and $46,350 for a 4-person household. Public housing can go up to 80% ($51,950 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Memphis, TN 38116?
For many programs in Memphis, TN 38116, the 2026 HUD very low-income (50%) limit is $32,450 a year for 1 person and $46,350 for 4 people. The low-income (80%) limit is $51,950 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Memphis, TN 38116?
In public housing and most Section 8 in Memphis, TN 38116, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Memphis, TN 38116 is $1,250 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Millcreek Apts take Section 8 vouchers?
This file does not say that Millcreek Apts has a project-based Section 8 contract. Some landlords in Memphis, TN 38116 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Millcreek Apts.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.