Cheap Apartments for Rent in the Oak Grove Pine Banks Neighborhood of Melrose, MA from $800 (189 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oak Grove Pine Banks area of Melrose.

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452 Main St, Unit 4, Unit 4
$1,850
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850
1 Bedroom Apartment Available Now

452 Main St, Unit 4, Unit 4

452 Main StMelrose, MA 02176
Cost Per Sq.Ft.
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property at 66 Lake Avenue

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Now

66 Lake Avenue

MelroseMA02176
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40 Hurd St
$2,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100
1 Bedroom Apartment Available Now

40 Hurd St

40 Hurd StMelrose, MA 02176
property at 7-9 Kneeland St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

7-9 Kneeland St

MaldenMA02148

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180 Pleasant St
$1,800 - $2,600
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800 - $2,600
Total Monthly Price
$1,800 - $2,600
Studio to 2 Bedroom Apartment Available Now

180 Pleasant St

180 Pleasant StMalden, MA 02148
Affordability

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464 Salem St
$1,800 - $2,500
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800 - $2,500
Total Monthly Price
$1,800 - $2,500
1 to 2 Bedroom Apartment Available Now

464 Salem St

464 Salem StMedford, MA 02155
Affordability
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The Art of the Rental Viewing: What to look for during a property tour

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Oak Grove Pine Banks, Melrose, MA Local Guide

Cheapest Available Oak Grove Pine Banks Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700

Best Value Apartments for Rent in Oak Grove Pine Banks, MA

As of April 26, 2026 the best value apartment in the Oak Grove Pine Banks area is the $0.39 price per square foot 34 Russell St Model at 34 Russell St, Unit 2 in the in the Ferryway neighborhood starting from $3,900. The second greatest value Oak Grove Pine Banks apartment is the 124 Forest St Model at 124 Forest St, Unit 2 starting at $3,000 with a $0.30 price per square foot in the Edgeworth neighborhood. Here is today’s list of the best values for Oak Grove Pine Banks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
34 Russell St, Unit 234 Russell St4BR,2BA$0.39
124 Forest St, Unit 2124 Forest St3BR,2BA$0.30
75 Pinkert St, Unit 275 Pinkert St3BR,2BA$0.09
254 Salem St, Unit 2254 Salem St2BR,1.5BA$0.32
452 Main St, Unit 4452 Main St1BR,1BA$0.19
109 Walnut St, Unit 1109 Walnut St4BR,1.5BA$1.80
11 Kearney St11 Kearney St4BR,2BA$1.85
15 Crescent Ln, Unit 15 Crescent LN Unit B15 Crescent Ln2BR,1BA$1.56
52 Rock Valley Ave, Unit 152 Rock Valley Ave1BR,1BA$2.00
85 High St, Unit 185 High St3BR,1BA$1.67

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Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Best Local Schools in
Oak Grove Pine Banks, Melrose, MA

School data provided by Great Schools

Frequently Asked Questions about Cheap Oak Grove Pine Banks Apartments

What is a cheap apartment in Oak Grove Pine Banks?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oak Grove Pine Banks is under $1,700.

What is the price of a cheap apartment in Oak Grove Pine Banks?

The cheapest apartment in Oak Grove Pine Banks is Parkwood Apartments which is listed at $1,850, while the average apartment in Oak Grove Pine Banks costs $7,700.

What types of apartments are the cheapest in Oak Grove Pine Banks?

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 57 regular apartments in Oak Grove Pine Banks 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 Oak Grove Pine Banks?

Cheap apartments in Oak Grove Pine Banks have an average cost of $295 which is $7,405 cheaper than the average rent for all rentals in Oak Grove Pine Banks.

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.

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