
Cheap Apartments for Rent in the Federal Square Neighborhood of Worcester, MA from $400 (95 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Square area of Worcester.


Bancroft On The Grid

50 Franklin St, Unit 602

776 Main St

43 Austin St

82 Franklin St, Unit 406

82 Franklin St, Unit 202

507 Main St, Unit 402

Park Plaza on the Grid

New Park on the Grid
Worcester's Best Affordable Neighborhoods
Learn about Worcester and the best places to live with original content written by our Local Expert Kevin Wesley

82 Franklin St, Unit 205

76 Franklin St, Unit 25

76 Franklin St, Unit 29

507 Main St, Unit 301

8 Portland St, Unit 505

8-16 Portlad St., Unit 406

8 Portland St, Unit 506

Portside on the Grid

76 Franklin St, Unit 21

60 Franklin St, Unit 203
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

60 Franklin St, Unit 302

24 Charlton St, Unit 10

75 Chatham St, Unit 4

Total Monthly Price
45 Millbury St, Unit #8

50 Franklin St, Unit 331

507 Main St, Unit 206

76 Franklin St, Unit 19

Total Monthly Price
9 Branch St, Unit 3

Total Monthly Price
14 Arthur St, Unit 2 2nd Floor

102 Endicott St, Unit 3
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

60 Franklin St, Unit 405

50 Franklin St, Unit 808

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16 Charlotte St

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The 6Hundred

50 Franklin St, Unit 929

82 Franklin St, Unit 207

50 Franklin St, Unit 407

26 Portland St, Unit 131

64 Ward St

50 Franklin St, Unit 624
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.

507 Main St, Unit 803

50 Franklin St, Unit 722

26 Portland St, Unit 223

10 1/2 Ellsworth St

507 Main St, Unit 503

26 Portland St, Unit 225

Portland on the Grid

50 Franklin St, Unit 307

Total Monthly Price
Residences on Madison

60 Franklin St, Unit 305
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.
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 | $1,635 | $1,295 | $2,285 |
| Federal Square 1 Bedroom Apartments | $2,144 | $1,499 | $2,995 |
| Federal Square 2 Bedroom Apartments | $2,610 | $1,550 | $4,900 |
| Federal Square 3 Bedroom Apartments | $2,411 | $1,690 | $4,172 |
| Federal Square 4 Bedroom Apartments | $2,685 | $2,300 | $3,580 |
Browse Apartments in this Neighborhood
There are currently 95 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 Studio unit found at Residences on Lincoln Square, A 55+ Community priced from $1,283. 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 |
|---|---|---|---|
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio,1BA | $1,283 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1,292 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,300 |
| Park Plaza on the Grid | WS200 | Studio,1BA | $1,395 |
| New Park on the Grid | 0BR/1.0BA | Studio,1BA | $1,400 |
| Portside on the Grid | WS300 | Studio,1BA | $1,425 |
Best Value Apartments for Rent in Federal Square, MA
As of August 03, 2026 the best value apartment in the Federal Square area is the $1.73 price per square foot 70 Seymour St Model at 70 Seymour St in the in the College Hill neighborhood starting from $2,600. The second greatest value Federal Square apartment is the 70 Harrison St Model at 70 Harrison St, Unit 2 starting at $2,200 with a $1.76 price per square foot in the Elm Park 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. |
|---|---|---|---|
| 70 Seymour St | 70 Seymour St | 4BR,1BA | $1.73 |
| 70 Harrison St, Unit 2 | 70 Harrison St | 3BR,1BA | $1.76 |
| Junction Shop Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.43 |
| 32 Dix St, Unit 3 bedrooms WPI area | 32 Dix St | 3BR,1BA | $1.75 |
| 100 Wall St | Two Bedrooms | 2BR,1BA | $1.87 |
| 7 Jones st, Unit Apt 3 | 7 Jones st | 3BR,1BA | $1.96 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| 14 Arthur St, Unit Unit 2 2nd Floor | 14 Arthur St | 2BR,1BA | $1.60 |
| 9 Branch St, Unit 3 | 9 Branch St | 2BR,1BA | $1.94 |
| 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 #10
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 $1,425.
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 $2,250.
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 48 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 $419 which is $1,831 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.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.