
Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $600 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.


15 Hawley St, Unit 2

15 Hawley St, Unit 1

Total Monthly Price
Colton Apartments

3 State St, Unit B1

43 Austin St, Unit 42

82 Franklin St, Unit 206

50 Franklin St, Unit 602

Bancroft On The Grid

New Park on the Grid
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.

50 Franklin St, Unit 1018

82 Franklin St, Unit 205

Total Monthly Price
The 6Hundred

76 Franklin St, Unit 21

8 Portlad St., Unit 506

Park Plaza on the Grid

Portside on the Grid

8 Portland St, Unit 505

8-16 Portlad St., Unit 406

50 Franklin St, Unit 911
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.

60 Franklin St, Unit 302

50 Franklin St, Unit 427

60 Franklin St, Unit 203

50 Franklin St, Unit 1027

50 Franklin St, Unit 315

50 Franklin St, Unit 1005

50 Franklin St, Unit 1017

50 Franklin St, Unit 216

5-7 Pleasant St

34 William St, Unit A
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.

75 Chatham St, Unit 4

76 Franklin St, Unit 19

146 Chandler St, Unit 7

507 Main St, Unit 1109

50 Franklin St, Unit 808

60 Franklin St, Unit 405

50 Franklin St, Unit 507

82 Franklin St, Unit 207

50 Franklin St, Unit 818

507 Main St, Unit 403
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.

50 Franklin St, Unit 805

50 Franklin St, Unit 307

Portland on the Grid

507 Main St, Unit 1006

50 Franklin St, Unit 624

507 Main St, Unit 803

50 Franklin St, Unit 722

26 Portland St, Unit 132

60 Franklin St, Unit 305

507 Main St, Unit 503
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.
Institute Park, Worcester, MA Local Guide

How much does it cost to rent an apartment in Institute Park?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Institute Park Studio Apartments | $1,558 | $1,250 | $2,440 |
| Institute Park 1 Bedroom Apartments | $1,992 | $1,400 | $2,950 |
| Institute Park 2 Bedroom Apartments | $2,589 | $1,709 | $4,700 |
| Institute Park 3 Bedroom Apartments | $2,349 | $1,750 | $3,679 |
| Institute Park 4 Bedroom Apartments | $2,566 | $2,200 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 67 rentals with your search options within a 2 mile radius of the Institute Park Neighborhood of Worcester, MA.
See all Apartments in WorcesterExplore Worcester
Cheapest Available Institute Park Apartments for Rent
 The cheapest available apartment rental in the Institute Park 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 Institute Park 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 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,350 |
| New Park on the Grid | 0BR/1.0BA | Studio,1BA | $1,375 |
| The 6Hundred | 1x1D | 1BR,1BA | $1,401 |
| Residences on Lincoln Square, A 55+ Community | Lincoln One Bedroom - Income Restricted | 1BR,1BA | $1,482 |
| Park Plaza on the Grid | WA1400 | 1BR,1BA | $1,595 |
| Portland on the Grid | 0BR/1.0BA | Studio,1BA | $1,650 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $2,000 |
| 145 Front at City Square | One Bedroom Floorplans | 1BR,1BA | $2,188 |
Best Value Apartments for Rent in Institute Park, MA
As of July 12, 2026 the best value apartment in the Institute Park area is the $2.08 price per square foot 13 West St Model at 13 West St, Unit 1st Floor Unit in the in the West Tatnuck neighborhood starting from $2,700. The second greatest value Institute Park apartment is the 32 John St Model at 32 John St, Unit 3 starting at $2,200 with a $1.83 price per square foot in the West Tatnuck neighborhood. Here is today’s list of the best values for Institute Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 13 West St, Unit 1st Floor Unit | 13 West St | 3BR,2BA | $2.08 |
| 32 John St, Unit 3 | 32 John St | 4BR,1BA | $1.83 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| Courthouse Lofts | 1 Bedroom | 1BR,1BA | $2.82 |
| 145 Front at City Square | One Bedroom Floorplans | 1BR,1BA | $2.50 |
| Bancroft On The Grid | WB1800 | 2BR,1BA | $2.57 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1.79 |
| Residences on Lincoln Square, A 55+ Community | Lincoln One Bedroom - Income Restricted | 1BR,1BA | $2.17 |
| Portland on the Grid | 0BR/1.0BA | Studio ,1BA | $2.77 |
| The 6Hundred | 1x1ArT2-1x1 | 1BR,1BA | $3.01 |
Frequently Asked Questions about Cheap Institute Park Apartments
What is the Cheapest Studio apartment in Institute Park?
Currently the most affordable Cheap Studio Apartment in Institute Park is at Colton Apartments listed at $1,200.
How much is rent for a Cheap One Bedroom Institute Park Apartment?
The lowest price for a Cheap One Bedroom Institute Park Apartment is $1,292 at The Central Building Residences.
What is the lowest price for a Cheap Two Bedroom Institute Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Institute Park is starting from $1,750 at The 6Hundred.
What is the most affordable Institute Park Three Bedroom Apartment?
The best deal on a cheap Institute Park Three Bedroom Apartment rental is at 20 Eden St and starts from $2,000.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.