
Cheap Homes for Rent in Oak Grove Pine Banks Neighborhood of Melrose, MA from $1,300 (141 Rentals)
Search the lowest-cost Homes available for rent right now in the Oak Grove Pine Banks area of Melrose.


15 Hadley Pl

63 Fellsway W, Unit 14

349 Pleasant St, Unit A1-24

53 Fellsway W, Unit 14

53 Fellsway W, Unit 14

63 Fellsway W, Unit 14

22 W Wyoming Ave, Unit 26

35 Fellsway W

53 Fellsway W, Unit 22A
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.

53 Fellsway W, Unit 22A

349 Pleasant St

349 Pleasant St

53 Fellsway W, Unit 8

63 Fellsway W, Unit 8

17-19 Washington St., Unit 112

63 Fellsway W, Unit 8

349 Pleasant St, Unit B1-14

53 Fellsway W, Unit 8

426 Pleasant St
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.

17-19 Washington St S

349 Pleasant St, Unit B1-8

53 Fellsway W, Unit 6

17-19 Washington St. 103, Unit 103

398 Pleasant St

349 Pleasant St, Unit B1-8

53 Fellsway W, Unit 6

17-19 Washington St., Unit 103

17-19 Washington St., Unit 406

53 Fellsway W, Unit 4
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.

349 Pleasant St, Unit A1-26

349 Pleasant St, Unit A1-18

20 Chestnut St

17-19 Washington St., Unit 515

349 Pleasant St, Unit A1-18

349 Pleasant St, Unit A1-26

17-19 Washington St. 406, Unit 406

260 Tremont St

104 W Emerson St, Unit 3

349 Pleasant St, Unit A1-19
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.

53 Fellsway W, Unit 21

63 Fellsway W, Unit 15

63 Fellsway W, Unit 7

63 Fellsway W, Unit 19

63 Fellsway W, Unit 12A

53 Fellsway W, Unit 21

63 Fellsway W, Unit 15

63 Fellsway W, Unit 7

349 Pleasant St, Unit A1-19

63 Fellsway W, Unit 19
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.
Oak Grove Pine Banks, Melrose, MA Local Guide

How much does it cost to rent a home in Oak Grove Pine Banks?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Oak Grove Pine Banks 2 Bedroom Homes for Rent | $2,949 | $1,950 | $4,950 |
| Oak Grove Pine Banks 3 Bedroom Homes for Rent | $3,722 | $2,400 | $6,500 |
| Oak Grove Pine Banks 4 Bedroom Homes for Rent | $4,135 | $3,300 | $5,500 |
| Oak Grove Pine Banks 5 Bedroom Homes for Rent | $9,299 | $4,400 | $10,000+ |
| Oak Grove Pine Banks 6 Bedroom Homes for Rent | $6,985 | $6,975 | $6,995 |
Browse Homes for Rent in this Neighborhood
There are currently 141 rentals with your search options within a 2 mile radius of the Oak Grove Pine Banks Neighborhood of Melrose, MA.
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Oak Grove Pine Banks, Melrose, MA Local Guide
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Cheapest Available Oak Grove Pine Banks Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Upgrade | Studio,1BA | $1,574 |
| Parkwood Apartments | Studio, non-renovated | Studio,1BA | $1,700 |
Best Value Apartments for Rent in Oak Grove Pine Banks, MA
As of June 09, 2026 the best value apartment in the Oak Grove Pine Banks area is the $0.19 price per square foot 456 Salem St Model at 456 Salem St in the in the Ferryway neighborhood starting from $1,850. The second greatest value Oak Grove Pine Banks apartment is the 73 Almont St Model at 73 Almont St, Unit 2 starting at $3,600 with a $0.36 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 456 Salem St | 456 Salem St | 1BR,1BA | $0.19 |
| 73 Almont St, Unit 2 | 73 Almont St | 3BR,1BA | $0.36 |
| 347 Pleasant St, Unit C1-16 | 347 Pleasant St | 1BR,1BA | $0.21 |
| 75 Pinkert St, Unit 2 | 75 Pinkert St | 3BR,2BA | $0.10 |
| 109 Walnut St, Unit 1 | 109 Walnut St | 4BR,1.5BA | $1.80 |
| 11 Kearney St | 11 Kearney St | 4BR,2BA | $1.85 |
| 231 Spring St | 231 Spring St | 4BR,3BA | $2.10 |
| 41 Baker St, Unit 41 Baker Street | 41 Baker St | 4BR,1BA | $1.67 |
| 188 Main St, Unit 2 | 188 Main St | 4BR,2BA | $2.00 |
| 85 High St, Unit 1 | 85 High St | 3BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
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 371 Apartments for Rent in Oak Grove Pine Banks, MA with pricing that ranges from $900 to $31,500. There are also 281 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Grove Pine Banks ranging from $1,750 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 $1,750 to $25,000 with an average monthly rent of $4,426.
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 $950 to $6,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,900.
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.
Helpful Local Expert Guides

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Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.