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from $1,325Studio to 1 Bedroom Apartments Available Now
Grid District - 50 Franklin
50 Franklin StWorcester, MA 01608
Cheap Apartments for Rent in the Institute Park Neighborhood of Worcester, MA from $900 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Institute Park area of Worcester.
5-7 Pleasant St
WorcesterMA01609
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from $1,6451 to 4 Bedroom Apartments Contact Us For Availability
Junction Shop Lofts
64 Beacon StWorcester, MA 01610
78 Elm St
WorcesterMA01609
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from $1,749Studio to 2 Bedroom Apartments Available Now
Wexford Village Apartment Homes
29 Duncannon AveWorcester, MA 01604
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15 Goulding St
WorcesterMA01609
36 Cedar St
WorcesterMA01609
4 Shawmut St
WorcesterMA01609
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-18, Page 1 of 1
Institute Park, Worcester, MA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Institute Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Institute Park Studio Apartments | $2,171 | $1,325 | $6,120 |
| Institute Park 1 Bedroom Apartments | $2,559 | $1,585 | $5,629 |
| Institute Park 2 Bedroom Apartments | $3,291 | $1,750 | $7,814 |
| Institute Park 3 Bedroom Apartments | $2,939 | $1,790 | $4,040 |
| Institute Park 4 Bedroom Apartments | $2,723 | $2,200 | $3,405 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Institute Park Neighborhood of Worcester, MA.
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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 Grid District - 50 Franklin priced from $1,325. Wexford Village Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,749. Here are the most affordable Institute Park apartments for rent in Worcester, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grid District - 50 Franklin | WS200 | Studio,1BA | $1,325 |
| Wexford Village Apartment Homes | The Bradford | Studio,1BA | $1,749 |
| Colton Apartments | 1x1AcT3 | 1BR,1BA | $1,750 |
| The Revington | S1 | Studio,1BA | $1,943 |
| 145 Front at City Square | S2 | Studio,1BA | $1,995 |
Best Value Apartments for Rent in Institute Park, MA
As of April 18, 2025 the best value apartment in the Institute Park area is the $2.33 price per square foot Two Bedroom 2 Bath Duplex Model at Voke Lofts in the in the Elm Park neighborhood starting from $3,456. The second greatest value Institute Park apartment is the 2 Bedroom Live/Work Model at Courthouse Lofts starting at $3,227 with a $2.33 price per square foot in the Elm Park 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. |
|---|---|---|---|
| Voke Lofts | Two Bedroom 2 Bath Duplex | 2BR,2BA | $2.33 |
| Courthouse Lofts | 2 Bedroom Live/Work | 2BR,1BA | $2.33 |
| 7 Somerset St | 3BR | 3BR,1BA | $2.92 |
| 3 Pleasant Ter, Unit 2 | 3 Pleasant Ter | 4BR,1BA | $1.85 |
| Alta on the Row | A8 | 1BR,1BA | $3.49 |
| Audubon Plantation Ridge | Oak | 1BR,1BA | $3.19 |
| The Revington | S1A | Studio ,1BA | $4.33 |
| 145 Front at City Square | S2 | Studio ,1BA | $3.87 |
| The 6Hundred | 1x1ArT2-1x1 | 1BR,1BA | $4.09 |
| Colton Apartments | 1x1AcT3 | 1BR,1BA | $3.50 |
Getting Around the Institute Park Neighborhood in Worcester, MA
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
49 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
47 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $2,335.
What is the price of a cheap apartment in Institute Park?
The cheapest apartment in Institute Park is Grid District - 50 Franklin which is listed at $1,585, while the average apartment in Institute Park costs $3,400.
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 3 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 $314 which is $3,086 cheaper than the average rent for all rentals in Institute Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.