Cheap Homes for Rent in the Institute Park Neighborhood of Worcester, MA from $1,000 (58 Rentals)

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

property at 15 Hawley St

$1,050 - $1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

3 Bedroom Rentals

Available Now

15 Hawley St

WorcesterMA01609

Worcester's Best Affordable Neighborhoods

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property at 44 Elm St

$1,800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

44 Elm St, Unit #509

44 Elm St
WorcesterMA01609
property at 44 Elm 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 Aug 1

44 Elm St, Unit 514

44 Elm St
WorcesterMA01609

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Showing Results 1-50, Page 1 of 2

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 ListingModel NameBed/BathPriced From
Residences on Lincoln Square, A 55+ CommunityGrove - Studio Income RestrictedStudio,1BA$1,283
The Central Building ResidencesOne Bedroom Call For Pricing1BR,1BA$1,292
Bancroft On The Grid0BR/1.0BAStudio,1BA$1,300
Park Plaza on the GridWS200Studio,1BA$1,395
New Park on the Grid0BR/1.0BAStudio,1BA$1,400
Portside on the GridWS300Studio,1BA$1,425
Portland on the Grid0BR/1.0BAStudio,1BA$1,650
The 6Hundred1x1B1BR,1BA$1,661
Colton Apartments2x1AcT32BR,1BA$1,925

Best Value Apartments for Rent in Institute Park, MA

As of July 31, 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 32 Dix St Model at 32 Dix St, Unit 3 bedrooms WPI area starting at $2,100 with a $1.75 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
32 Dix St, Unit 3 bedrooms WPI area32 Dix St3BR,1BA$1.75
Courthouse Lofts2 Bedroom Annex2BR,1BA$2.61
20 Eden StThree Bedroom3BR,1BA$1.84
145 Front at City SquareOne Bedroom Floorplans1BR,1BA$2.39
Colton Apartments2x1AcT32BR,1BA$2.26
37 Somerset St, Unit 337 Somerset St1BR,1BA$2.49
The 6Hundred1x1H1BR,1BA$2.34
The Central Building ResidencesOne Bedroom Call For Pricing1BR,1BA$1.79
Residences on Lincoln Square, A 55+ CommunityGrove - Studio Income RestrictedStudio ,1BA$2.33

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 $1,295 to $4,900. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Institute Park ranging from $1,050 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 $1,050 to $4,500 with an average monthly rent of $2,566.

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

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

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Worcester is a vibrant, culturally rich and diverse city at the heart of central Massachusetts.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.