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Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $700 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.
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from $8001 Bedroom Apartment Available Now
195 Park Ave, Unit 2nd Floor
195 Park AveWorcester, MA 01609
1XX Hawley St
WorcesterMA01609
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from $1,325Studio to 1 Bedroom Apartments Available Now
Grid District - 50 Franklin
50 Franklin StWorcester, MA 01608
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.
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50 Fruit St
WorcesterMA01609
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Showing Results 1-15, 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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Institute Park Studio Apartments | $2,031 | $1,325 | $4,440 |
| Institute Park 1 Bedroom Apartments | $2,514 | $800 | $3,883 |
| Institute Park 2 Bedroom Apartments | $3,172 | $1,650 | $5,125 |
| Institute Park 3 Bedroom Apartments | $2,482 | $700 | $4,023 |
| Institute Park 4 Bedroom Apartments | $3,480 | $3,380 | $3,580 |
Browse Apartments in this Neighborhood
There are currently 15 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 Grid District - 50 Franklin priced from $1,325. 127 Highland has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,650. Here are the most affordable Institute Park apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grid District - 50 Franklin | WS200 | Studio,1BA | $1,325 |
| 127 Highland | 2 Beds, 1 bath | 2BR,1BA | $1,650 |
| Sutton Estates | Deluxe Studio-August Availability | Studio,1BA | $1,675 |
| Wexford Village Apartment Homes | The Bradford | Studio,1BA | $1,699 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $1,875 |
Best Value Apartments for Rent in Institute Park, MA
As of June 03, 2025 the best value apartment in the Institute Park area is the $0.47 price per square foot 195 Park Ave Model at 195 Park Ave, Unit 2 in the in the Elm Park neighborhood starting from $700. The second greatest value Institute Park apartment is the 2 Bedroom Live/Work Model at Courthouse Lofts starting at $3,227 with a $2.33 price per square foot in the Elm Park 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. |
|---|---|---|---|
| 195 Park Ave, Unit 2 | 195 Park Ave | 3BR,1BA | $0.47 |
| Courthouse Lofts | 2 Bedroom Live/Work | 2BR,1BA | $2.33 |
| 7 Somerset St | 3BR | 3BR,1BA | $2.50 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $1.75 |
| 127 Highland | 2 Beds, 1 bath | 2BR,1BA | $1.65 |
| 195 Park Ave, Unit 2nd Floor | 195 Park Ave | 1BR,1BA | $0.80 |
| Alta on the Row | A8 | 1BR,1BA | $3.49 |
| Audubon Plantation Ridge | Oak | 1BR,1BA | $3.08 |
| 145 Front at City Square | S2 | Studio ,1BA | $3.96 |
| Sutton Estates | Deluxe Studio-August Availability | Studio ,1BA | $3.71 |
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 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 $2,256.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is Grid District - 50 Franklin which is listed at $1,600, while the average apartment in Institute Park costs $3,480.
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 1 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 $224 which is $3,256 cheaper than the average rent for all rentals in Institute Park.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.