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Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $900 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.
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$1,250
Total Monthly Price12 Month Lease Term
Studio Apartment Available NowTotal Monthly Price
Base Rent
$1,250
Total Monthly Price
$1,250
45 Wachusett St, Unit 2
45 Wachusett StWorcester, MA 01609
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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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$1,335 - $1,375
Plus Fees
Studio Apartments Available NowPortside on the Grid
8-16 Portland StWorcester, MA 01608
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Rent Specials
$1,350 - $2,400
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowGrid District - 50 Franklin
50 Franklin StWorcester, MA 01608
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Rent Specials
$1,365 - $1,415
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,350 - $1,400
Required Monthly Fees
$15
Total Monthly Price
$1,365 - $1,415
Colton Apartments
588 Main StWorcester, MA 01608
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$1,375 - $1,400
Plus Fees
Studio Apartments Available NowNew Park on the Grid
74-78 Franklin StWorcester, MA 01608
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$1,450 - $2,050
Plus Fees
Studio to 2 Bedroom Apartments Available NowPark Plaza on the Grid
507 Main StWorcester, MA 01608
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50 Franklin St
WorcesterMA01608
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$1,575 - $1,940
Plus Fees
Studio to 2 Bedroom Apartments Available NowPortland on the Grid
26 Portland StWorcester, MA 01608
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Showing Results 1-35, 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 | $1,481 | $1,250 | $2,090 |
| Institute Park 1 Bedroom Apartments | $1,944 | $1,403 | $2,674 |
| Institute Park 2 Bedroom Apartments | $2,608 | $1,403 | $4,149 |
| Institute Park 3 Bedroom Apartments | $2,412 | $1,945 | $3,346 |
| Institute Park 4 Bedroom Apartments | $2,875 | $2,500 | $3,200 |
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 35 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 Merrick at the Square priced from $1,309. Grid District - 50 Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here are the most affordable Institute Park apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Merrick at the Square | Studio | Studio,1BA | $1,309 |
| Grid District - 50 Franklin | 0BR/1.0BA | Studio,1BA | $1,350 |
| Colton Apartments | 0x1AcT3 | Studio,1BA | $1,365 |
| Portside on the Grid | WS300 | Studio,1BA | $1,375 |
| New Park on the Grid | 0BR/1.0BA | Studio,1BA | $1,375 |
| Park Plaza on the Grid | 1BR/1.0BA | 1BR,1BA | $1,550 |
| Portland on the Grid | WS600 | Studio,1BA | $1,575 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $1,875 |
Best Value Apartments for Rent in Institute Park, MA
As of October 12, 2025 the best value apartment in the Institute Park area is the $1.20 price per square foot 198 Russell St Model at 198 Russell St, Unit 1st Floor in the in the West Tatnuck neighborhood starting from $2,400. The second greatest value Institute Park apartment is the 144 Elm St Model at 144 Elm St starting at $2,500 with a $1.32 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. |
|---|---|---|---|
| 198 Russell St, Unit 1st Floor | 198 Russell St | 3BR,2BA | $1.20 |
| 144 Elm St | 144 Elm St | 4BR,1BA | $1.32 |
| Courthouse Lofts | 3 Bedroom Townhouse | 3BR,2.5BA | $1.72 |
| 195 Park Ave, Unit 2 | 195 Park Ave | 3BR,1BA | $1.60 |
| 18 Bowdoin St, Unit 18 Bowdoin Apt2 | 18 Bowdoin St | 2BR,1BA | $2.03 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $2.03 |
| 24 Eden St | Three Bedroom | 3BR,1BA | $1.75 |
| 13 Goulding St, Unit 1 | 13 Goulding St | 3BR,1BA | $2.20 |
| 144 Russell St, Unit 1 | 144 Russell St | 2BR,1BA | $2.00 |
| 45 Wachusett St, Unit 2 | 45 Wachusett St | Studio ,1BA | $1.39 |
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 $1,875.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is Merrick at the Square which is listed at $1,403, while the average apartment in Institute Park costs $2,900.
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 13 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 $314 which is $2,586 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.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.