Cheap Homes for Rent in Institute Park Neighborhood of Worcester, MA from $1,000 (32 Rentals)

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Search the lowest-cost Homes available for rent right now in the Institute Park area of Worcester.

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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property at 29 William St

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

29 William St, Unit 22

29 William St
WorcesterMA01609

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.

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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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property at 36 Cedar St

$1,850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

1 Bedroom, 1 Bath Condo for Rent

Available Now

36 Cedar St, Unit 1

36 Cedar 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.

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Showing Results 1-32, Page 1 of 1

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 ListingModel NameBed/BathPriced From
Colton Apartments0x1AcT3Studio,1BA$1,200
The Central Building ResidencesOne Bedroom Call For Pricing1BR,1BA$1,292
Residences on Lincoln Square, A 55+ CommunityGrove - Studio Income RestrictedStudio,1BA$1,309
Bancroft On The Grid0BR/1.0BAStudio,1BA$1,350
The 6Hundred1x1H1BR,1BA$1,554
Park Plaza on the GridWA14001BR,1BA$1,595
Portland on the Grid0BR/1.0BAStudio,1BA$1,650
145 Front at City SquareStudio FloorplansStudio,1BA$1,853
20 Eden StThree Bedroom3BR,1BA$2,000

Best Value Apartments for Rent in Institute Park, MA

As of June 15, 2026 the best value apartment in the Institute Park area is the $1.83 price per square foot 32 John St Model at 32 John St, Unit 3 in the in the West Tatnuck neighborhood starting from $2,200. The second greatest value Institute Park apartment is the Three Bedroom Model at 20 Eden St starting at $2,000 with a $1.84 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 ListingModel NameBed/BathPrice Per Sq.Ft.
32 John St, Unit 332 John St4BR,1BA$1.83
20 Eden StThree Bedroom3BR,1BA$1.84
Voke LoftsOne Bedroom1BR,1BA$3.06
The Central Building ResidencesOne Bedroom Call For Pricing1BR,1BA$1.79
Courthouse LoftsStudioStudio ,1BA$3.23
145 Front at City SquareStudio FloorplansStudio ,1BA$3.24
The 6Hundred1x1B1BR,1BA$2.62
Residences on Lincoln Square, A 55+ CommunityGrove - Studio Income RestrictedStudio ,1BA$2.25
Portland on the GridWS500Studio ,1BA$2.87
Colton Apartments0x1AcT3Studio ,1BA$3.43

Frequently Asked Questions about Institute Park

What type of rentals are currently available in Institute Park?

There are currently 208 Apartments for Rent in Institute Park, MA with pricing that ranges from $1,200 to $6,300. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Institute Park ranging from $1,000 to $4,500.

What is the current price range for Rental Homes in Institute Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Institute Park ranges from $1,000 to $4,500 with an average monthly rent of $2,678.

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

decorative image for Local Secrets: Finding the Top Affordable Neighborhoods for Renting in Worcester article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.