Cheap Homes for Rent in Leicester, MA from $1,500 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Leicester.

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.

property at 285 Main St

285 Main St

SpencerMA01562

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.

Leicester, MA Local Guide

Cheapest Available Leicester Apartments for Rent and Nearby

 

The cheapest available apartment rental in Leicester, MA is a Studio unit found at Julia Bancroft - 62+ Senior Apartments in the Hadwen Park neighborhood priced from $1,281. Grid District - 50 Franklin in the Biotech Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here is today’s list of the most affordable Leicester apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Julia Bancroft - 62+ Senior ApartmentsStudioStudio,1BA$1,281
Grid District - 50 FranklinWS200Studio,1BA$1,325
Stratton Hill Park ApartmentsStudioStudio,1BA$1,550

Best Value Apartments for Rent in Leicester, MA and Nearby

As of June 12, 2025 the best value apartment in the Leicester area is the $2.00 price per square foot 95 Lakewood St Model at 95 Lakewood St, Unit Second Floor Unit in the in the Tatnuck neighborhood starting from $3,000. The second greatest value Leicester apartment is the 10 Holstrom Ct Model at 10 Holstrom Ct, Unit Apt. 2 starting at $2,100 with a $1.40 price per square foot in the Quinsigamond Village neighborhood. Here is today’s list of the best values for Leicester apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
95 Lakewood St, Unit Second Floor Unit95 Lakewood St4BR,1BA$2.00
10 Holstrom Ct, Unit Apt. 210 Holstrom Ct2BR,1BA$1.40
Cobblestone Village Apartments2 Bedroom with Study2BR,2BA$2.22
Courthouse Lofts2 Bedroom Live/Work2BR,1BA$2.33
24 Eden StThree Bedroom3BR,1BA$1.75
5 Webster Pl5 Webster Pl3BR,1.5BA$2.30
Tatnuck Square Apartments WorcesterB2 Renovated2BR,1BA$2.53
Ledgewood Court Apartments1 Bed, 1 bath1BR,1BA$2.20
10 Hemlock St10 Hemlock St1BR,1BA$2.13
Arrowpoint at Mill Street1 Bd 1ba Premium1BR,1BA$2.57

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Frequently Asked Questions about Leicester

What type of rentals are currently available in Leicester?

There are currently 85 Apartments for Rent in Leicester, MA with pricing that ranges from $1,150 to $4,356. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Leicester ranging from $1,500 to $3,700.

What is the current price range for Rental Homes in Leicester?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Leicester ranges from $1,500 to $3,700 with an average monthly rent of $2,573.

How much are larger Three and Four Bedroom Rentals in Leicester?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Leicester range from $1,750 to $3,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,050 to $3,700. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $3,000.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.