
Cheap Homes for Rent in Leicester, MA from $1,500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Leicester.


17 A Peacedale Ave

24 Jackson St

5 Town Beach Rd, Unit 13

1093 Main St, Unit 9

23 Firglade St, Unit 3
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5 Town Beach Rd, Unit 48

1093 Main St, Unit 16

39 Dartmouth St

14 Caroline St

81 Fairfax Rd

52 Plantation St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

54 Leicester St

80 Salisbury St

0 Town House Ct

205 Summer St

7 Gibbs St

4 Fairbanks St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Leicester, MA Local Guide

How much does it cost to rent a home in Leicester?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Leicester 2 Bedroom Homes for Rent | $2,543 | $1,750 | $4,895 |
| Leicester 3 Bedroom Homes for Rent | $2,792 | $1,950 | $3,800 |
| Leicester 4 Bedroom Homes for Rent | $3,539 | $2,500 | $4,600 |
| Leicester 5 Bedroom Homes for Rent | $3,620 | $3,290 | $3,950 |
| Leicester 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Top Homes for Rent in Leicester
Explore Leicester
Leicester, MA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Leicester Apartments for Rent
 The cheapest available apartment rental in Leicester, MA is a Studio unit found at Colton Apartments in the West Tatnuck neighborhood priced from $1,200. Julia Bancroft - 62+ Senior Apartments in the Hadwen Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,265. Here is today’s list of the most affordable Leicester apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colton Apartments | 0x1Ac T2 | Studio,1BA | $1,200 |
| Julia Bancroft - 62+ Senior Apartments | Studio | Studio,1BA | $1,265 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,300 |
| The 6Hundred | 1x1G | 1BR,1BA | $1,543 |
| Sutton Estates | Deluxe Studio-TOP FLOOR | Studio,1BA | $1,699 |
Best Value Apartments for Rent in Leicester, MA
As of July 15, 2026 the best value apartment in the Leicester area is the $1.75 price per square foot 30 Apricot St Model at 30 Apricot St, Unit 1 in the in the West Tatnuck neighborhood starting from $3,500. The second greatest value Leicester apartment is the Townhouse B102 Model at Jefferson Mills starting at $3,200 with a $2.14 price per square foot . Here is today’s list of the best values for Leicester apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 30 Apricot St, Unit 1 | 30 Apricot St | 3BR,1BA | $1.75 |
| Jefferson Mills | Townhouse B102 | 2BR,2.5BA | $2.14 |
| Cobblestone Village Apartments | 2 Bedroom with Study | 2BR,2BA | $2.04 |
| Plantation Towers | 2 Bed, 2 Bath WAITLIST | 2BR,2BA | $1.89 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| Highland West | Amherst | 1BR,1BA | $2.15 |
| Green Hill Park Apartments Worcester | The Emerald Updated | 2BR,1BA | $2.28 |
| Ledgewood Court Apartments | 1 Bed, 1 bath | 1BR,1BA | $2.33 |
| Wexford Village | The Concord | 1BR,1BA | $2.34 |
| The 6Hundred | 1x1D | 1BR,1BA | $2.37 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Leicester, MA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Leicester, MA Rentals by Map
See the most popular apartments and homes in Leicester, MA
Frequently Asked Questions about Leicester
What type of rentals are currently available in Leicester?
There are currently 87 Apartments for Rent in Leicester, MA with pricing that ranges from $1,000 to $4,408. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Leicester ranging from $1,500 to $4,895.
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 $4,895 with an average monthly rent of $2,844.
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 $1,995 to $4,408, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,650.
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

Local Secrets: Finding the Top Affordable Neighborhoods for Renting in Worcester
Written by: Kevin Wesley
Worcester is a vibrant, culturally rich and diverse city at the heart of central Massachusetts.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.