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$1,200
Total Monthly Price12 Month Lease Term
Studio Apartment Available NowTotal Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
45 Wachusett St, Unit 2
45 Wachusett StWorcester, MA 01609
Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $900 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.
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Rent Specials
$1,215 - $1,415
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,200 - $1,400
Required Monthly Fees
$15
Total Monthly Price
$1,215 - $1,415
Colton Apartments
588 Main StWorcester, MA 01608
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$1,309 - $1,945
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowMerrick at the Square
73 Merrick StWorcester, MA 01609
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$1,325
Plus Fees
Studio Apartments Contact Us For AvailabilityNew Park on the Grid
74-78 Franklin StWorcester, MA 01608
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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.
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$1,375
Plus Fees
Studio Apartments Contact Us For AvailabilityPortside on the Grid
8-16 Portland StWorcester, MA 01608
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$1,425 - $1,675
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowGrid District - 50 Franklin
50 Franklin StWorcester, MA 01608
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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.
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$1,650 - $1,925
Plus Fees
1 Bedroom Apartments Available NowPark Plaza on the Grid
507 Main StWorcester, MA 01608
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$1,650 - $2,050
Plus Fees
Studio to 1 Bedroom Apartments Available NowPortland on the Grid
26 Portland StWorcester, MA 01608
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$1,690 - $2,442
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,675 - $2,427
Required Monthly Fees
$15
Total Monthly Price
$1,690 - $2,442
The 6Hundred
600 Main StWorcester, MA 01608
13 Sudbury St
WorcesterMA01609
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.
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Worcester's Best Affordable Neighborhoods
Learn about Worcester and the best places to live with original content written by our Local Expert Kevin Wesley
Showing Results 1-32, Page 1 of 1
Institute Park, Worcester, MA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Institute Park?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Institute Park Studio Apartments | $1,565 | $1,200 | $2,248 |
| Institute Park 1 Bedroom Apartments | $2,136 | $1,403 | $4,100 |
| Institute Park 2 Bedroom Apartments | $2,854 | $1,403 | $5,200 |
| Institute Park 3 Bedroom Apartments | $2,663 | $1,945 | $5,800 |
| Institute Park 4 Bedroom Apartments | $3,309 | $2,300 | $5,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Institute Park Neighborhood of Worcester, MA.
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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 $1,215. Merrick at the Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,309. Here are the most affordable Institute Park apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colton Apartments | 0x1Ac T2 | Studio,1BA | $1,215 |
| Merrick at the Square | Studio | Studio,1BA | $1,309 |
| Grid District - 50 Franklin | 0BR/1.0BA | Studio,1BA | $1,425 |
| Portland on the Grid | WS600 | Studio,1BA | $1,650 |
| Park Plaza on the Grid | 1BR/1.0BA | 1BR,1BA | $1,650 |
| The 6Hundred | 1x1DR1T3-1x1 | 1BR,1BA | $1,690 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $2,000 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $2,000 |
Best Value Apartments for Rent in Institute Park, MA
As of November 27, 2025 the best value apartment in the Institute Park area is the $1.72 price per square foot 3 Bedroom Townhouse Model at Courthouse Lofts in the in the Elm Park neighborhood starting from $3,089. The second greatest value Institute Park apartment is the 20 Somerset St Model at 20 Somerset St, Unit 3 starting at $2,600 with a $2.36 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. |
|---|---|---|---|
| Courthouse Lofts | 3 Bedroom Townhouse | 3BR,2.5BA | $1.72 |
| 20 Somerset St, Unit 3 | 20 Somerset St | 2BR,1BA | $2.36 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $1.87 |
| 13 Goulding St, Unit 1 | 13 Goulding St | 3BR,1BA | $2.20 |
| 65 West St, Unit 2 | 65 West St | 1BR,1BA | $1.75 |
| The 6Hundred | 2x1H | 2BR,1BA | $2.61 |
| 45 Wachusett St, Unit 2 | 45 Wachusett St | Studio ,1BA | $1.33 |
| Portland on the Grid | WS500 | Studio ,1BA | $2.77 |
| Merrick at the Square | Studio | Studio ,1BA | $2.40 |
Getting Around the Institute Park Neighborhood in Worcester, MA
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
49 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
47 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,215.
How much is rent for a Cheap One Bedroom Institute Park Apartment?
The lowest price for a Cheap One Bedroom Institute Park Apartment is $1,403 at Merrick at the Square.
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 $1,403 at Merrick at the Square.
What is the most affordable Institute Park Three Bedroom Apartment?
The best deal on a cheap Institute Park Three Bedroom Apartment rental is at Merrick at the Square and starts from $1,945.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.