An experimental study on the aerodynamic and aeroacoustic performance of a baseline propeller and several sawtooth serrated trailing edge (SSTE) propellers with different serration sizes (λ/h=0.3, 0.6, 0.9 and 1.2) was conducted at hover and forward flight conditions. The sound measurement results at hover motion revealed that the SSTE propellers could reduce the noise levels. We also found that the large serration had better noise attenuation effects than the smaller serration sizes. The comparison results of the force measurements among baseline model and SSTE propellers revealed that the saw-tooth serrated trailing edge had no significant effect on the aerodynamic performance at low Reynolds numbers (5×104) at hover flight. The force measurement results at forward flight indicated that the SSTE propellers could maintain the same lift while reducing the rotational speed. The PIV measurement results revealed that the SSTE propellers with different serration sizes generated almost same mean flow at hover and forward flight conditions. However, it significantly changed the wake shape and size of the flow passing the trailing edge. This phenomenon increases the flow mixing at the tailing edge. For small size propellers, the material strength needed to be considered carefully to account for undesirable structural effects associated with serration sizes that are too fine.Otherwise, the serration deformation would significantly reduce the aerodynamic efficiency and increase the noise level.