Cordova is the convenient, more-affordable east-Memphis option — lots of newer subdivisions and townhome/apartment inventory, with plenty of shopping and family amenities. Its commute to Millington lands in the middle of the eastern-suburb group.
The tradeoff
The honest watch-out: unlike Bartlett, Arlington, Germantown, and Collierville, Cordova is NOT its own municipal school district — it's part of the countywide Memphis-Shelby County Schools, so school reputation and zoning are less uniform. Families moving here for schools should verify the specific zoned campuses.
Verify before you sign
Confirm the specific feeder school + its current GreatSchools rating for the address, run your BAH against local rent at /tools/bah, and drive your actual base commute at your report time (Mid-South traffic + the summer/tornado climate are both worth factoring).
Neighborhoods
Cordova spans a range of neighborhoods — pin down the exact feeder school and drive your commute before you choose.