Cheap Homes for Rent in Oak Grove Pine Banks Neighborhood of Melrose, MA from $1,300 (239 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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
Altitude ApartmentsStudio - PremiumStudio,1BA$1,753

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

As of April 25, 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

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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 Oak Grove Pine Banks

What type of rentals are currently available in Oak Grove Pine Banks?

There are currently 365 Apartments for Rent in Oak Grove Pine Banks, MA with pricing that ranges from $850 to $22,094. There are also 379 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Grove Pine Banks ranging from $1,350 to $25,000.

What is the current price range for Rental Homes in Oak Grove Pine Banks?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Grove Pine Banks ranges from $1,350 to $25,000 with an average monthly rent of $4,416.

How much are larger Three and Four Bedroom Rentals in Oak Grove Pine Banks?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oak Grove Pine Banks range from $850 to $10,048, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $4,300. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,050.

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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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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