
Cheap Apartments for Rent in the Federal Square Neighborhood of Worcester, MA from $400 (89 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Square area of Worcester.


Total Monthly Price
25 Wyman St

158B Beacon St

15 Hawley St, Unit 2

15 Hawley St, Unit 1

158B Beacon St

29 Irving St

548 Pleasant St

Total Monthly Price
Colton Apartments

3 State St, Unit B1
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.

Bancroft On The Grid

50 Franklin St, Unit 704

New Park on the Grid

76 Franklin St, Unit 6

76 Franklin St, Unit 39

76 Franklin St, Unit 17

76 Franklin St, Unit 15

76 Franklin St, Unit 16

Catharine Street Apartments

76 Franklin St, Unit 40
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.

507 Main St, Unit 402

Park Plaza on the Grid

Portside on the Grid

507 Main St, Unit 702

50 Franklin St, Unit 726

50 Franklin St, Unit 926

50 Franklin St, Unit 1005

50 Franklin St, Unit 716

8 Portland St, Unit 304

50 Franklin St, Unit 416
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.

8 Portland St

24 Charlton St, Unit 16

50 Franklin St, Unit 1014

34 William St, Unit A

7 Mt Pleasant St, Unit 2L

Total Monthly Price
41 Hollywood St., Unit Apt 2, Unit Apt 2

146 Chandler St, Unit Unit 6

50 Franklin St, Unit 210

5-7 Pleasant St

146 Chandler St, Unit Unit 7
Worcester's Best Affordable Neighborhoods
Learn about Worcester and the best places to live with original content written by our Local Expert Kevin Wesley

16 Bowdoin St

50 Franklin St, Unit 421

50 Franklin St, Unit 907

60 Franklin St, Unit 401

50 Franklin St, Unit 805

507 Main St, Unit 801

50 Franklin St, Unit 307

50 Franklin St, Unit 620

50 Franklin St, Unit 528

50 Franklin St, Unit 822
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.
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 | $1,690 | $1,200 | $2,393 |
| Federal Square 1 Bedroom Apartments | $2,140 | $1,200 | $2,995 |
| Federal Square 2 Bedroom Apartments | $2,705 | $1,550 | $4,800 |
| Federal Square 3 Bedroom Apartments | $2,478 | $1,742 | $6,300 |
| Federal Square 4 Bedroom Apartments | $2,473 | $900 | $3,580 |
Browse Apartments in this Neighborhood
There are currently 89 rentals with your search options within a 1 mile radius of the Federal Square Neighborhood of Worcester, MA.
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Federal Square, Worcester, MA Local Guide
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Cheapest Available Federal Square Apartments for Rent
 The cheapest available apartment rental in the Federal Square area of Worcester, MA is a 1 Bed unit found at The Central Building Residences priced from $1,292. Residences on Lincoln Square, A 55+ Community has the second lowest priced unit, which is a Studio apartment currently listed from $1,309. Here are the most affordable Federal Square apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| Catharine Street Apartments | 1 BD/1 BA | 1BR,1BA | $1,400 |
| Park Plaza on the Grid | WS200 | Studio,1BA | $1,425 |
| Portside on the Grid | 0BR/1.0BA | Studio,1BA | $1,425 |
| Kelley Square Lofts | Studio | Studio,1BA | $1,795 |
Best Value Apartments for Rent in Federal Square, MA
As of April 30, 2026 the best value apartment in the Federal Square area is the $1.61 price per square foot 3 Bedroom Townhouse Model at Courthouse Lofts in the in the Elm Park neighborhood starting from $2,900. The second greatest value Federal Square apartment is the 70 Seymour St Model at 70 Seymour St starting at $2,550 with a $1.70 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. |
|---|---|---|---|
| Courthouse Lofts | 3 Bedroom Townhouse | 3BR,2.5BA | $1.61 |
| 70 Seymour St | 70 Seymour St | 4BR,1BA | $1.70 |
| 91 Providence St, Unit Spacious 3 bedroom unit | 91 Providence St | 3BR,1BA | $1.62 |
| 16 Hillside St | 16 Hillside St | 3BR,1BA | $1.62 |
| 10 Cottage St, Unit 1 | 10 Cottage St | 3BR,1BA | $1.88 |
| 32 John St, Unit 3 | 32 John St | 4BR,1BA | $1.83 |
| 69 Catharine St, Unit 3 | 69 Catharine St | 3BR,1BA | $1.83 |
| 100 Wall St | Two Bedrooms | 2BR,1BA | $1.87 |
| 41 Hollywood St., Unit Apt. 1 | 41 Hollywood St. | 2BR,1BA | $1.73 |
| 41 Hollywood St., Unit Apt 2 | 41 Hollywood St. | 1BR,1BA | $1.50 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 $1,795.
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 $3,000.
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 2 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 $152 which is $2,848 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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.