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$1,200
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
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$1,200
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Colton Apartments
588 Main StWorcester, MA 01608
Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $600 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.
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$1,245Studio Apartments Available Now
3 State St
3 State StWorcester, MA 01609
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$1,350Studio Apartments Available Jun 1
43 Austin St
43 Austin StWorcester, MA 01609
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Rent Specials
$1,350 - $2,600
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBancroft On The Grid
50 Franklin StWorcester, MA 01608
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$1,375Studio Apartments Available Now
76 Franklin St
76 Franklin StWorcester, MA 01608
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$1,375 - $1,450
Plus Fees
Studio Apartments Available NowNew Park on the Grid
74-78 Franklin StWorcester, MA 01608
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$1,400Studio Apartments Available Now
76 Franklin St
76 Franklin StWorcester, MA 01608
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$1,400Studio Apartments Available Now
507 Main St
507 Main StWorcester, MA 01608
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$1,400Studio Apartments Available Jun 1
76 Franklin St
76 Franklin StWorcester, MA 01608
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$1,425Studio Apartments Available Now
50 Franklin St
50 Franklin StWorcester, MA 01608
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.
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$1,425Studio Apartments Available Now
507 Main St
507 Main StWorcester, MA 01608
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$1,425 - $1,700
Plus Fees
Studio to 1 Bedroom Apartments Available NowPortside on the Grid
8-16 Portland StWorcester, MA 01608
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Rent Specials
$1,425 - $1,950
Plus Fees
Studio to 1 Bedroom Apartments Available NowPark Plaza on the Grid
507 Main StWorcester, MA 01608
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$1,450Studio Apartments Available Now
76 Franklin St
76 Franklin StWorcester, MA 01608
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$1,450Studio Apartments Available Now
8 Portland St
8 Portland StWorcester, MA 01608
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$1,450Studio Apartments Available Jul 15
50 Franklin St
50 Franklin StWorcester, MA 01608
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$1,450Studio Apartments Available Jun 15
50 Franklin St
50 Franklin StWorcester, MA 01608
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$1,500Studio Apartments Available Now
146 Chandler St
146 Chandler StWorcester, MA 01609
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$1,5001 Bedroom Apartments Available Jun 1
34 William St
34 William StWorcester, MA 01609
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$1,500Studio Apartments Available Now
50 Franklin St
50 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.
5-7 Pleasant St
WorcesterMA01609
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$1,550Studio Apartments Available Now
146 Chandler St
146 Chandler StWorcester, MA 01609
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$1,6251 Bedroom Apartments Available Jun 15
60 Franklin St
60 Franklin StWorcester, MA 01608
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Rent Specials
$1,626 - $1,906
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,626 - $1,906
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The 6Hundred
600 Main StWorcester, MA 01608
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$1,650 - $2,200
Plus Fees
Studio to 2 Bedroom Apartments Available NowPortland on the Grid
26 Portland StWorcester, MA 01608
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$1,6501 Bedroom Apartments Available Now
50 Franklin St
50 Franklin StWorcester, MA 01608
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$1,6501 Bedroom Apartments Available Now
82 Franklin St
82 Franklin StWorcester, MA 01608
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$1,650Studio Apartments Available Now
50 Franklin St
50 Franklin StWorcester, MA 01608
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$1,6501 Bedroom Apartments Available Jun 15
50 Franklin St
50 Franklin StWorcester, MA 01608
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$1,6751 Bedroom Apartments Available Now
507 Main St
507 Main StWorcester, MA 01608
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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$1,6751 Bedroom Apartments Available Now
50 Franklin St
50 Franklin StWorcester, MA 01608
7 Cottage St
WorcesterMA01609
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$1,7423 Bedroom Apartments Available Now
60 Merrick St
60 Merrick StWorcester, MA 01609
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$1,8251 Bedroom Apartments Available Now
50 Franklin St
50 Franklin StWorcester, MA 01608
36 Cedar St
WorcesterMA01609
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$1,8751 Bedroom Apartments Available Now
517 Main St
517 Main StWorcester, MA 01608
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$1,8751 Bedroom Apartments Available Now
507 Main St
507 Main StWorcester, MA 01608
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$1,8751 Bedroom Apartments Available Jun 20
26 Portland St
26 Portland StWorcester, MA 01608
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Rent Specials
$1,893 - $4,176
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,893 - $4,176
Total Monthly Price
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145 Front at City Square
145 Front StWorcester, MA 01608
24 Somerset 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.
127 Austin St
WorcesterMA01609
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$1,900
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 8Total Monthly Price
Base Rent
$1,900
Total Monthly Price
$1,900
24 Lee St, Unit 1
24 Lee StWorcester, MA 01602
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Studio to 2 Bedroom Apartments
Residences on Lincoln Square, A 55+ Community
2 Lincoln 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
The Central Building Residences
332 Main StWorcester, MA 01608
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Studio to 3 Bedroom Apartments
Merrick at the Square
73 Merrick StWorcester, MA 01609
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Studio to 2 Bedroom Apartments
Chatham Street Lofts
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
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 | $1,577 | $1,200 | $2,294 |
| Institute Park 1 Bedroom Apartments | $1,960 | $1,500 | $2,861 |
| Institute Park 2 Bedroom Apartments | $2,556 | $1,646 | $4,800 |
| Institute Park 3 Bedroom Apartments | $2,427 | $1,742 | $3,779 |
| Institute Park 4 Bedroom Apartments | $2,000 | $1,700 | $2,200 |
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 54 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 $1,200. 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 | 0x1Ac T2 | Studio,1BA | $1,200 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1,292 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio,1BA | $1,309 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,350 |
| New Park on the Grid | 0BR/1.0BA | Studio,1BA | $1,400 |
| The 6Hundred | 1x1B | 1BR,1BA | $1,626 |
| Park Plaza on the Grid | WA1400 | 1BR,1BA | $1,650 |
| Portland on the Grid | 0BR/1.0BA | Studio,1BA | $1,650 |
| Portside on the Grid | 1BR/1.0BA | 1BR,1BA | $1,700 |
| 145 Front at City Square | Studio Floorplans | Studio,1BA | $1,893 |
Best Value Apartments for Rent in Institute Park, MA
As of May 28, 2026 the best value apartment in the Institute Park area is the $1.84 price per square foot Three Bedroom Model at 20 Eden St in the in the West Tatnuck neighborhood starting from $2,000. The second greatest value Institute Park apartment is the One Bedroom Call For Pricing Model at The Central Building Residences starting at $1,292 with a $1.79 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. |
|---|---|---|---|
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1.79 |
| Voke Lofts | 1 Bedroom 1 Bathroom - M110 | 1BR,1BA | $3.33 |
| Courthouse Lofts | Studio | Studio ,1BA | $3.41 |
| Portside on the Grid | 1BR/1.0BA | 1BR,1BA | $2.72 |
| 145 Front at City Square | Studio Floorplans | Studio ,1BA | $3.08 |
| The 6Hundred | 1x1B | 1BR,1BA | $2.68 |
| Portland on the Grid | 0BR/1.0BA | Studio ,1BA | $2.77 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio ,1BA | $2.25 |
| Bancroft On The Grid | 0BR/1.0BA | Studio ,1BA | $3.00 |
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 $1,893.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is The Central Building Residences which is listed at $1,292, while the average apartment in Institute Park costs $2,262.
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 8 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 $507 which is $1,755 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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.