
Cheap Apartments for Rent in the Federal Square Neighborhood of Worcester, MA from $400 (114 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Square area of Worcester.


Total Monthly Price
Colton Apartments

Bancroft On The Grid

New Park on the Grid

76 Franklin St, Unit 6

76 Franklin St, Unit 15

76 Franklin St, Unit 39

507 Main St, Unit 402

50 Franklin St, Unit 726

507 Main St, Unit 702
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.

Park Plaza on the Grid

Portside on the Grid

76 Franklin St, Unit 40

8 Portland St, Unit 304

50 Franklin St, Unit 926

50 Franklin St, Unit 1005

12 Benefit St

40 Aetna St, Unit G2

146 Chandler St, Unit 6

5-7 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.

50 Franklin St, Unit 210

34 William St, Unit A

Total Monthly Price
The 6Hundred

5 Allen St, Unit 4

102 Endicott St, Unit 3

60 Franklin St, Unit 401

82 Franklin St, Unit 307

Portland on the Grid

50 Franklin St, Unit 822

50 Franklin St, Unit 620
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.

50 Franklin St, Unit 307

50 Franklin St, Unit 929

507 Main St, Unit 503

60 Franklin St, Unit 305

507 Main St, Unit 809

20 Perry Ave

Total Monthly Price
47 Everard St, Unit Daylight basement apartment

Total Monthly Price
14 Catharine St

Total Monthly Price
24 Lee St, Unit 2

7 Cottage St
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.

The Reeds

Junction Shop Lofts

Total Monthly Price
81 Merrifield St

Total Monthly Price
Edge Worcester

74 Rodney St, Unit 3

119 West St

26 Portland St

507 Main St, Unit 405

17 Congress St

78 Waverly St, Unit 3R
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.
Federal Square, Worcester, MA Local Guide

How much does it cost to rent an apartment in Federal Square?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Federal Square Studio Apartments | $1,689 | $1,200 | $2,294 |
| Federal Square 1 Bedroom Apartments | $2,231 | $1,500 | $3,195 |
| Federal Square 2 Bedroom Apartments | $2,776 | $1,498 | $4,900 |
| Federal Square 3 Bedroom Apartments | $2,418 | $1,750 | $6,300 |
| Federal Square 4 Bedroom Apartments | $2,466 | $900 | $3,580 |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 1 mile radius of the Federal Square Neighborhood of Worcester, MA.
See all Apartments in WorcesterExplore Worcester
Federal Square, Worcester, MA Local Guide
- Nearby Worcester neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Federal Square Apartments for Rent
 The cheapest available apartment rental in the Federal Square area of Worcester, MA is a Studio unit found at Colton Apartments priced from $1,200. The Central Building Residences has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,292. Here are the most affordable Federal Square apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colton Apartments | 0x1AcT3 | Studio,1BA | $1,200 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1,292 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio,1BA | $1,309 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,350 |
| The 6Hundred | 1x1H | 1BR,1BA | $1,554 |
| Park Plaza on the Grid | WA1400 | 1BR,1BA | $1,595 |
| Portland on the Grid | 0BR/1.0BA | Studio,1BA | $1,650 |
Best Value Apartments for Rent in Federal Square, MA
As of June 14, 2026 the best value apartment in the Federal Square area is the $1.67 price per square foot 33 Providence St Model at 33 Providence St, Unit 33 Providence St UNIT #1 in the in the Elm Park neighborhood starting from $3,000. The second greatest value Federal Square apartment is the 70 Seymour St Model at 70 Seymour St starting at $2,600 with a $1.73 price per square foot in the College Hill neighborhood. Here is today’s list of the best values for Federal Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 33 Providence St, Unit 33 Providence St UNIT #1 | 33 Providence St | 5BR,1BA | $1.67 |
| 70 Seymour St | 70 Seymour St | 4BR,1BA | $1.73 |
| 25 Wyman St | 25 Wyman St | 4BR,1BA | $0.61 |
| 23 Shelby St | 23 Shelby St | 3BR,1BA | $1.53 |
| 16 Hillside St | 16 Hillside St | 3BR,1BA | $1.62 |
| 32 John St, Unit 3 | 32 John St | 4BR,1BA | $1.83 |
| 30 Thorne St, Unit 3 | 30 Thorne St | 2BR,1BA | $1.59 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| 14 Catharine St | 14 Catharine St | 2BR,1BA | $1.70 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1.79 |
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.
Pet Friendly LifestyleFederal Square, Worcester, MA
Ranked #7
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Federal Square, Worcester, MA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Federal Square, Worcester, and the greater Worcester area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Federal Square Apartments
What is a cheap apartment in Federal Square?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Federal Square is under $1,650.
What is the price of a cheap apartment in Federal Square?
The cheapest apartment in Federal Square is The Central Building Residences which is listed at $1,292, while the average apartment in Federal Square costs $3,400.
What types of apartments are the cheapest in Federal Square?
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 12 regular apartments in Federal Square 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 Federal Square?
Cheap apartments in Federal Square have an average cost of $451 which is $2,949 cheaper than the average rent for all rentals in Federal Square.
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.
Articles, How-To's, and Tips

Local Secrets: Finding the Top Affordable Neighborhoods for Renting in Worcester
Written by: Kevin Wesley
Worcester is a vibrant, culturally rich and diverse city at the heart of central Massachusetts.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.