Apartments for Rent in Institute Park, Worcester, MA

Institute Park, Worcester apartment availability

Institute Park's rental market offers a good selection of listings, with an average of 23 rentals available each month. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as a few studios. Many of these apartments feature desirable amenities, including on-site laundry, hardwood floors, and pet-friendly policies. Specifically, 42% of rentals offer on-site laundry, 31% have hardwood floors, and 29% allow pets. This variety of options makes Institute Park a viable choice for renters with different priorities and needs.

Institute Park, Worcester rental market trends

The Institute Park neighborhood in Worcester saw a significant shift in rent prices in 2024, with the average monthly rent for all bed counts and property types decreasing to $2,051. This represents a substantial year-over-year decrease. Breaking it down by bed count, the average rent for a 1-bedroom is $1,925, while 2-bedrooms average $1,969, and 3-bedrooms average $2,269. Studios are the most affordable option, with an average rent of $1,197.

Rent prices in Institute Park tend to fluctuate throughout the year, with October typically seeing the highest rents. In contrast, January usually has the lowest rents, with prices increasing by 37% from January to October. This suggests that renters may be able to find better deals during the winter months, while prices tend to rise as the year progresses.

Why Institute Park, Worcester is a great place to live

Institute Park stands out as a haven for those prioritizing environmental sustainability and a vibrant social life. The neighborhood's focus on eco-friendly living is evident in its use of non-toxic paint, rainwater harvesting, and sustainable materials in construction. The presence of community solar projects and low-flow fixtures further underscores the area's commitment to reducing its environmental footprint. With an excellent walk score and access to parks and recreation, residents can easily adopt a greener lifestyle. Institute Park also caters to those seeking an active social life, thanks to its well-designed street infrastructure, frequent transit options, and a diverse neighborhood age distribution. Safety and walkability add to the area's appeal, making it an ideal choice for those looking to balance their love of socializing with a commitment to the environment.