
Cheap Studio Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $1,200 (37 Rentals)


3 State St, Unit B1

Bancroft On The Grid

50 Franklin St, Unit 704

76 Franklin St, Unit 6

New Park on the Grid

Torrey Factory Lofts

76 Franklin St, Unit 39

76 Franklin St, Unit 40
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.

507 Main St, Unit 402

76 Franklin St, Unit 16

76 Franklin St, Unit 17

76 Franklin St, Unit 15

507 Main St, Unit 702

50 Franklin St, Unit 726

Park Plaza on the Grid

50 Franklin St, Unit 716

Portside on the Grid
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.

8 Portland St, Unit 206

50 Franklin St, Unit 926

50 Franklin St, Unit 1005

8 Portland St, Unit 304

50 Franklin St, Unit 416

50 Franklin St, Unit 1014

50 Franklin St, Unit 210

5-7 Pleasant St

26 Portland St, Unit 233
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.

Portland on the Grid

146 Chandler St, Unit 7

50 Franklin St, Unit 307

26 Portland St, Unit 223

26 Portland St, Unit 225

Total Monthly Price
145 Front at City Square

Houghton On The Grid

Residences on Lincoln Square, A 55+ Community

Merrick at the Square
Worcester's Best Affordable Neighborhoods
Learn about Worcester and the best places to live with original content written by our Local Expert Kevin Wesley

Chatham Street Lofts
Institute Park, Worcester, MA Local Guide

How much does it cost to rent an apartment in Institute Park?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
Institute Park Studio Apartments | $1,506 | $1,200 | $2,046 |
| Institute Park 1 Bedroom Apartments | $1,822 | $1,200 | $2,861 |
| Institute Park 2 Bedroom Apartments | $2,386 | $1,650 | $4,149 |
| Institute Park 3 Bedroom Apartments | $2,547 | $1,742 | $3,779 |
| Institute Park 4 Bedroom Apartments | $2,450 | $2,000 | $3,200 |
Explore Worcester
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 $1,925.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is Colton Apartments which is listed at $1,200, while the average apartment in Institute Park costs $4,500.
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 6 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 $381 which is $4,119 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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.