11 Schussler Rd, Unit 2
11 Schussler Rd
WorcesterMA01609
Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $654 (70 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
WorcesterMA01609
15 Hawley St, Unit 2
15 Hawley St
WorcesterMA01609
15 Hawley St, Unit 1
15 Hawley St
WorcesterMA01609
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$1,250Studio Apartments Available Sep 5
43 Austin St, Unit 44
43 Austin StWorcester, MA 01609
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Rent Specials
$1,295 - $2,395
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBancroft On The Grid
50 Franklin StWorcester, MA 01608
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$1,350Studio Apartments Available Now
50 Franklin St, Unit 504
50 Franklin StWorcester, MA 01608
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$1,395Studio Apartments Available Now
507 Main St, Unit 402
507 Main StWorcester, MA 01608
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Rent Specials
$1,395 - $1,995
Plus Fees
Studio to 2 Bedroom Apartments Available NowPark Plaza on the Grid
507 Main StWorcester, MA 01608
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$1,3951 Bedroom Apartments Available Now
50 Franklin St, Unit 1009
50 Franklin StWorcester, MA 01608
Worcester's Best Affordable Neighborhoods
Learn about Worcester and the best places to live with original content written by our Local Expert Kevin Wesley
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Rent Specials
$1,400 - $1,925
Total Monthly Price
1 to 2 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$1,400 - $1,925
Total Monthly Price
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Colton Apartments
588 Main StWorcester, MA 01608
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$1,400Studio Apartments Available Oct 14
50 Franklin St, Unit 916
50 Franklin StWorcester, MA 01608
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$1,425Studio Apartments Available Now
8 Portland St, Unit 506
8 Portland StWorcester, MA 01608
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$1,425
Plus Fees
Studio Apartments Available NowPortside on the Grid
8-16 Portland StWorcester, MA 01608
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$1,425 - $1,500
Plus Fees
Studio Apartments Available NowNew Park on the Grid
74-78 Franklin StWorcester, MA 01608
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$1,425Studio Apartments Available Now
8-16 Portlad St., Unit 406
8-16-16 Portland StWorcester, MA 01608
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$1,425Studio Apartments Available Now
8 Portland St, Unit 505
8 Portland StWorcester, MA 01608
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$1,450Studio Apartments Available Now
60 Franklin St, Unit 203
60 Franklin StWorcester, MA 01608
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$1,450 - $3,085
Plus Fees
Studio to 2 Bedroom Apartments Available NowChatham Street Lofts
6 Chatham StWorcester, MA 01609
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$1,450Studio Apartments Available Now
60 Franklin St, Unit 302
60 Franklin StWorcester, MA 01608
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,472 - $1,911
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,472 - $1,911
Total Monthly Price
Varies
The 6Hundred
600 Main StWorcester, MA 01608
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$1,475Studio Apartments Available Now
8 Portland St, Unit 301
8 Portland StWorcester, MA 01608
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$1,500Studio Apartments Available Now
76 Franklin St, Unit 107
76 Franklin StWorcester, MA 01608
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$1,500Studio Apartments Available Now
50 Franklin St, Unit 331
50 Franklin StWorcester, MA 01608
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$1,525Studio Apartments Available Now
76 Franklin St, Unit 19
76 Franklin StWorcester, MA 01608
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Rent Specials
$1,550 - $2,595
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,550 - $2,595
Total Monthly Price
$1,550 - $2,595
The Grove Village Lofts
90 Grove StWorcester, MA 01605
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$1,550Studio Apartments Available Now
507 Main St, Unit 1109
507 Main StWorcester, MA 01608
50 Franklin St
WorcesterMA01608
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$1,5751 Bedroom Apartments Available Now
50 Franklin St, Unit 412
50 Franklin StWorcester, MA 01608
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$1,595Studio Apartments Available Oct 14
26 Portland St, Unit 135
26 Portland StWorcester, MA 01608
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.
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$1,595 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowPortland on the Grid
26 Portland StWorcester, MA 01608
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$1,625Studio Apartments Available Now
26 Portland St, Unit 131
26 Portland StWorcester, MA 01608
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$1,6251 Bedroom Apartments Available Now
50 Franklin St, Unit 407
50 Franklin StWorcester, MA 01608
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$1,6251 Bedroom Apartments Available Now
82 Franklin St, Unit 207
82 Franklin StWorcester, MA 01608
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$1,6251 Bedroom Apartments Available Sep 14
507 Main St, Unit 907
507 Main StWorcester, MA 01608
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$1,6251 Bedroom Apartments Available Now
50 Franklin St, Unit 1019
50 Franklin StWorcester, MA 01608
5-7 Pleasant St
WorcesterMA01609
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$1,6501 Bedroom Apartments Available Now
50 Franklin St, Unit 722
50 Franklin StWorcester, MA 01608
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$1,6501 Bedroom Apartments Available Now
50 Franklin St, Unit 624
50 Franklin StWorcester, MA 01608
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$1,6501 Bedroom Apartments Available Now
507 Main St, Unit 507
507 Main StWorcester, MA 01608
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
26 Portland St
WorcesterMA01608
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$1,695Studio Apartments Available Now
82 Franklin St, Unit 100
82 Franklin StWorcester, MA 01608
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$1,695Studio Apartments Available Now
50 Franklin St, Unit 1024
50 Franklin StWorcester, MA 01608
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$1,695Studio Apartments Available Now
50 Franklin St, Unit 1005
50 Franklin StWorcester, MA 01608
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$1,699
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$1,699
Total Monthly Price
$1,699
29 Irving St, Unit Apt # 5
29 Irving StWorcester, MA 01609
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$1,7001 Bedroom Apartments Available Now
50 Franklin St, Unit 325
50 Franklin StWorcester, MA 01608
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$1,7001 Bedroom Apartments Available Now
50 Franklin St, Unit 323
50 Franklin StWorcester, MA 01608
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$1,7001 Bedroom Apartments Available Now
146 Chandler St, Unit 3
146 Chandler StWorcester, MA 01609
50 Fruit St
WorcesterMA01609
15 Goulding St
WorcesterMA01609
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.
Showing Results 1-50, Page 1 of 2
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 | $1,693 | $1,250 | $2,640 |
| Institute Park 1 Bedroom Apartments | $2,110 | $1,395 | $2,965 |
| Institute Park 2 Bedroom Apartments | $2,684 | $1,750 | $4,900 |
| Institute Park 3 Bedroom Apartments | $2,417 | $1,749 | $6,300 |
| Institute Park 4 Bedroom Apartments | $2,437 | $2,000 | $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 70 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 Residences on Lincoln Square, A 55+ Community priced from $1,283. 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 |
|---|---|---|---|
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio,1BA | $1,283 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1,292 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,295 |
| Park Plaza on the Grid | 0BR/1.0BA | Studio,1BA | $1,395 |
| New Park on the Grid | WS300 | Studio,1BA | $1,425 |
| Portside on the Grid | WS300 | Studio,1BA | $1,425 |
| Chatham Street Lofts | Studio | Studio,1BA | $1,450 |
| The 6Hundred | 1x1BP1T2 | 1BR,1BA | $1,472 |
| The Grove Village Lofts | 0BR/1.0BA | Studio,1BA | $1,550 |
| Portland on the Grid | 0BR/1.0BA | Studio,1BA | $1,595 |
Best Value Apartments for Rent in Institute Park, MA
As of August 26, 2026 the best value apartment in the Institute Park area is the $1.56 price per square foot 32 Dix St Model at 32 Dix St, Unit 3 bedrooms WPI area in the in the West Tatnuck neighborhood starting from $2,100. The second greatest value Institute Park apartment is the 112 West St Model at 112 West St, Unit 3 starting at $1,875 with a $1.44 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. |
|---|---|---|---|
| 32 Dix St, Unit 3 bedrooms WPI area | 32 Dix St | 3BR,1BA | $1.56 |
| 112 West St, Unit 3 | 112 West St | 3BR,1BA | $1.44 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.80 |
| Courthouse Lofts | 1 Bedroom | 1BR,1BA | $2.49 |
| 145 Front at City Square | One Bedroom Floorplans | 1BR,1BA | $2.34 |
| The 6Hundred | 2x1A | 2BR,1BA | $2.16 |
| The Central Building Residences | One Bedroom Call For Pricing | 1BR,1BA | $1.88 |
| Portland on the Grid | 0BR/1.0BA | Studio ,1BA | $2.68 |
| The Grove Village Lofts | 0BR/1.0BA | Studio ,1BA | $2.80 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio ,1BA | $2.33 |
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 $1,595.
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 $2,143.
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 31 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 $246 which is $1,897 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.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.