Cheap Homes for Rent in the University Park Neighborhood of Worcester, MA from $1,500 (6 Rentals)

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

Worcester's Best Affordable Neighborhoods

Learn about Worcester and the best places to live with original content written by our Local Expert Kevin Wesley

property at 24 Jackson St

$1,564

Total Monthly Price

Total Monthly Price

Base Rent
$1,564

Total Monthly Price
$1,564

Studio, 1 Bath Home for Rent

Available Now

24 Jackson St

WorcesterMA01608
property at 70 Southbridge 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 Now

70 Southbridge St, Unit 503

70 Southbridge St
WorcesterMA01608
property at 488 Park Ave

$2,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

4 Bedroom, 1 Bath Townhome for Rent

Available Now

488 Park Ave, Unit 3

488 Park Ave
WorcesterMA01610

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Worcester, MA is a Studio unit found at Residences on Madison priced from $1,670. Junction Shop Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,730. Here are the most affordable University Park apartments for rent in Worcester, MA:

Apartment ListingModel NameBed/BathPriced From
Residences on MadisonS1Studio,1BA$1,670
Junction Shop Lofts1 Bed 1 Bath1BR,1BA$1,730
The ReedsA3Studio,1BA$1,750

Best Value Apartments for Rent in University Park, MA

As of July 23, 2026 the best value apartment in the University Park area is the $1.43 price per square foot 1 Bed 1 Bath Model at Junction Shop Lofts in the in the West Tatnuck neighborhood starting from $1,730. The second greatest value University Park apartment is the 27 Grand Street Model at 27 Grand Street, Unit 1 starting at $2,600 with a $2.17 price per square foot in the West Tatnuck neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Junction Shop Lofts1 Bed 1 Bath1BR,1BA$1.43
27 Grand Street, Unit 127 Grand Street4BR,2BA$2.17
8 Benefit Ter8 Benefit Ter3BR,1BA$2.30
9 Fern St, Unit 29 Fern St4BR,1BA$2.30
465 Park Ave, Unit 465 Park Ave Unit 2 / Unit 3 [Central AC]465 Park Ave5BR,2BA$3.25
Royal Worcester Apartments2 Bed 2 Bath2BR,2BA$2.70
16 Charlotte St16 Charlotte St1BR,1BA$2.46
The ReedsB21BR,1BA$3.86
Residences on MadisonS1aStudio ,1BA$3.59

Frequently Asked Questions about University Park

What type of rentals are currently available in University Park?

There are currently 160 Apartments for Rent in University Park, MA with pricing that ranges from $1,325 to $4,400. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $1,564 to $3,400.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $1,564 to $3,400 with an average monthly rent of $2,266.

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

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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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.