Cheap Homes for Rent in the Oak Grove Pine Banks Neighborhood of Melrose, MA from $1,100 (65 Rentals)

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

property at 249 Summer St

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 Bedroom, 2 Bath Condo for Rent

Available Sep 1

249 Summer St, Unit 2 - 23

249 Summer St
MaldenMA02148
property at 104 W Emerson St

$1,485

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,485
Total Monthly Price
$1,485

Studio, 1 Bath Townhome for Rent

Available Aug 1

104 W Emerson St, Unit 5a

104 W Emerson St
MelroseMA02176
property at 39-41-41 Columbia St

$1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

39-41-41 Columbia St, Unit 5

39-41-41 Columbia St
MaldenMA02148

Boston's Best Affordable Neighborhoods

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Rent According to Income: A Look at Income-Restricted Rentals

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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property at 881 Broadway

$1,900

Total Monthly Price

Total Monthly Price

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

1 Bedroom, 1 Bath Condo for Rent

Available Now

881 Broadway

EverettMA02149

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 340 Main St

$2,000 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio To 2 Bedroom Rentals

Available Now

340 Main St

MelroseMA02176

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

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Showing Results 1-50, Page 1 of 2

Oak Grove Pine Banks, Melrose, MA Local Guide

Cheapest Available Oak Grove Pine Banks Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Altitude ApartmentsStudio - UpgradeStudio,1BA$1,673

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

As of July 24, 2026 the best value apartment in the Oak Grove Pine Banks area is the $0.26 price per square foot 124 Forest St Model at 124 Forest St, Unit 3R in the in the Edgeworth neighborhood starting from $2,600. The second greatest value Oak Grove Pine Banks apartment is the 118 Vernal St Model at 118 Vernal St, Unit 2 starting at $2,900 with a $0.29 price per square foot in the Ferryway 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.
124 Forest St, Unit 3R124 Forest St3BR,1BA$0.26
118 Vernal St, Unit 2118 Vernal St3BR,1BA$0.29
109 Walnut St, Unit 1109 Walnut St4BR,1.5BA$1.80
41 Baker St, Unit 41 Baker Street41 Baker St4BR,1BA$1.67
722 Highland Ave, Unit 2722 Highland Ave3BR,2BA$2.31
7 Tufts St, Unit 17 Tufts St2BR,1BA$2.17
157 Spring St, Unit 1157 Spring St2BR,1BA$2.70
27 W Wyoming Ave, Unit #327 W Wyoming Ave2BR,1BA$2.60
45 Fells Ave45 Fells Ave1BR,1BA$2.05
85 High St, Unit 185 High St3BR,1BA$1.67

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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 341 Apartments for Rent in Oak Grove Pine Banks, MA with pricing that ranges from $900 to $20,951. There are also 180 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Grove Pine Banks ranging from $1,485 to $15,000.

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 $1,485 to $15,000 with an average monthly rent of $4,049.

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 $975 to $11,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $5,900. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $900.

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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