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$679 - $1,759
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowResidences on Lincoln Square, A 55+ Community
2 Lincoln StWorcester, MA 01609
Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $600 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.
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$1,200
Total Monthly Price
Studio Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
Colton Apartments
588 Main StWorcester, MA 01608
78 Elm St
WorcesterMA01609
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$1,325
Plus Fees
Studio Apartments Available Now76 Franklin St
76 Franklin StWorcester, MA 01608
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$1,335
Plus Fees
Studio Apartments Available Now8 Portland St
8 Portland StWorcester, MA 01608
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$1,350
Plus Fees
Studio Apartments Available Now8 Portland St
8 Portland StWorcester, MA 01608
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$1,365
Plus Fees
Studio Apartments Available Now8 Portland St
8 Portland StWorcester, MA 01608
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$1,375
Plus Fees
Studio Apartments Available Now76 Franklin St
76 Franklin StWorcester, MA 01608
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 Available Now76 Franklin St
76 Franklin StWorcester, MA 01608
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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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$1,375
Plus Fees
Studio Apartments Contact Us For AvailabilityNew Park on the Grid
74-78 Franklin StWorcester, MA 01608
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$1,400
Plus Fees
Studio Apartments Available Now76 Franklin St
76 Franklin StWorcester, MA 01608
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$1,400
Plus Fees
Studio Apartments Available Now507 Main St
507 Main StWorcester, MA 01608
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$1,475
Plus Fees
Studio Apartments Available Now60 Franklin St
60 Franklin StWorcester, MA 01608
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$1,500
Plus Fees
Studio Apartments Available Now8 Portland St
8 Portland StWorcester, MA 01608
34 Irving St
WorcesterMA01609
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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$1,500
Plus Fees
1 Bedroom Apartments Available Now16 Home St
16 Home StWorcester, MA 01609
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2 Bedroom Apartments
30 Cedar St
30 Cedar StWorcester, MA 01609
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Studio to 1 Bedroom Apartments
Houghton On The Grid
80-82 Franklin StWorcester, MA 01608
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1 to 2 Bedroom Apartments
The Cedar House
1-3 Cedar StWorcester, MA 01609
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1 to 2 Bedroom Apartments
18 Lancaster St
18 Lancaster StWorcester, MA 01609
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Studio to 3 Bedroom Apartments
Merrick at the Square
73 Merrick StWorcester, MA 01609
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Studio to 3 Bedroom Apartments
The Central Building Residences
332 Main StWorcester, MA 01608
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Studio to 2 Bedroom Apartments
6 Chatham St
6 Chatham StWorcester, MA 01609
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 1-24, 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 | $1,585 | $1,200 | $2,219 |
| Institute Park 1 Bedroom Apartments | $1,797 | $679 | $3,999 |
| Institute Park 2 Bedroom Apartments | $2,449 | $1,600 | $4,149 |
| Institute Park 3 Bedroom Apartments | $2,765 | $2,000 | $6,100 |
| Institute Park 4 Bedroom Apartments | $2,883 | $2,300 | $3,300 |
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 24 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 1 Bed unit found at Residences on Lincoln Square, A 55+ Community priced from $679. The Central Building Residences has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,364. Here are the most affordable Institute Park apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences on Lincoln Square, A 55+ Community | Studio | 1BR,1BA | $679 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1,364 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,525 |
| Portland on the Grid | WS600 | Studio,1BA | $1,650 |
| 145 Front at City Square | Studio Floorplans | Studio,1BA | $1,719 |
Best Value Apartments for Rent in Institute Park, MA
As of January 11, 2026 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 84 Chatham St Model at 84 Chatham St, Unit 2 starting at $2,300 with a $1.48 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 |
| 84 Chatham St, Unit 2 | 84 Chatham St | 4BR,1BA | $1.48 |
| 9 Townsend St, Unit 3 | 9 Townsend St | 4BR,1BA | $1.60 |
| 5 Dayton Pl, Unit 2 | 5 Dayton Pl | 3BR,1BA | $1.92 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $1.87 |
| 65 West St, Unit 2 | 65 West St | 1BR,1BA | $1.75 |
| Residences on Lincoln Square, A 55+ Community | One Bedroom | 1BR,1BA | $1.84 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1.99 |
| Portland on the Grid | WS600 | Studio ,1BA | $2.75 |
Frequently Asked Questions about Cheap Institute Park Apartments
What is a cheap apartment in Institute Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Institute Park is under $2,000.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is Residences on Lincoln Square, A 55+ Community which is listed at $679, while the average apartment in Institute Park costs $3,050.
What types of apartments are the cheapest in Institute Park?
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 10 regular apartments in Institute Park 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 Institute Park?
Cheap apartments in Institute Park have an average cost of $464 which is $2,586 cheaper than the average rent for all rentals in Institute Park.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.