
Cheap Homes for Rent in Institute Park Neighborhood of Worcester, MA from $600 (46 Rentals)
Search the lowest-cost Homes available for rent right now in the Institute Park area of Worcester.


15 Hawley St

15 Hawley St

15 Hawley St

28 William St

8 Portland St

8 Portland St

50 Franklin St

50 Franklin St
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

76 Franklin St

76 Franklin St

76 Franklin St

82 Franklin St

76 Franklin St

50 Franklin St

50 Franklin St

34 William St
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.

8 Portland St

28 William St

76 Franklin St

50 Franklin St

507 Main St

50 Franklin St

82 Franklin St

26 Portland St

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

507 Main St

26 Portland St

50 Franklin St

50 Franklin St

507 Main St

507 Main St

507 Main St

507 Main St

50 Franklin St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

507 Main St

507 Main St

507 Main St

507 Main St

507 Main St

517 Main St

517 Main St

507 Main St

8 Portland St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

38-40 Cedar St
Institute Park, Worcester, MA Local Guide

How much does it cost to rent a home in Institute Park?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Institute Park 2 Bedroom Homes for Rent | $2,200 | $1,900 | $2,500 |
| Institute Park 3 Bedroom Homes for Rent | $1,720 | $1,050 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Institute Park Neighborhood of Worcester, MA.
Explore Worcester
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. Residences on Lincoln Square, A 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,309. Here are the most affordable Institute Park apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colton Apartments | 0x1AcT3 | Studio,1BA | $1,200 |
| Residences on Lincoln Square, A 55+ Community | Grove Studio - Income Restricted | 1BR,1BA | $1,309 |
| Bancroft On The Grid | WS200 | Studio,1BA | $1,350 |
| Portland on the Grid | 0BR/1.0BA | Studio,1BA | $1,650 |
| Park Plaza on the Grid | WA1400 | 1BR,1BA | $1,650 |
| Portside on the Grid | 1BR/1.0BA | 1BR,1BA | $1,800 |
| 145 Front at City Square | One Bedroom Floorplans | 1BR,1BA | $1,900 |
| The 6Hundred | 1x1H | 1BR,1BA | $1,968 |
Best Value Apartments for Rent in Institute Park, MA
As of March 16, 2026 the best value apartment in the Institute Park area is the $1.61 price per square foot 3 Bedroom Townhouse Model at Courthouse Lofts in the in the Elm Park neighborhood starting from $2,900. The second greatest value Institute Park apartment is the 9 Townsend St Model at 9 Townsend St, Unit 3 starting at $2,200 with a $1.47 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. |
|---|---|---|---|
| Courthouse Lofts | 3 Bedroom Townhouse | 3BR,2.5BA | $1.61 |
| 9 Townsend St, Unit 3 | 9 Townsend St | 4BR,1BA | $1.47 |
| 10 Cottage St, Unit 1 | 10 Cottage St | 3BR,1BA | $2.00 |
| 5 Dayton Pl, Unit 2 | 5 Dayton Pl | 3BR,1BA | $1.92 |
| 32 John St, Unit 3 | 32 John St | 4BR,1BA | $1.83 |
| 17 Winfield St, Unit 3 | 17 Winfield St | 3BR,1BA | $1.91 |
| 29 Roxbury St, Unit 2 | 29 Roxbury St | 3BR,1BA | $2.40 |
| 22 Lancaster St, Unit 1F | 22 Lancaster St | 1BR,1BA | $2.04 |
| The 6Hundred | 1x1G | 1BR,1BA | $2.66 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio ,1BA | $2.25 |
Frequently Asked Questions about Institute Park
What type of rentals are currently available in Institute Park?
There are currently 209 Apartments for Rent in Institute Park, MA with pricing that ranges from $1,200 to $5,300. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Institute Park ranging from $690 to $2,500.
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 $690 to $2,500 with an average monthly rent of $1,832.
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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.