I need to get an ESR meter... the least expensive new one I've seen so far is $200. 
Here's a trick that works if you don't have an ESR Meter......
For checking an electrolytic capacitor, you can get a good idea of its condition using a capacitance meter on a digital multimeter and a can of freezer spray.
Connect the cap under test to the meter. If the capacitance reading is well below the nominal value then it's faulty. If, however, the reading seems to be right, spray the capacitor and observe the reading.
With a faulty electro cap, you will see the reading decrease rapidly. Continue to apply freezer until it is approximately 75% of what it should be, if it goes that low it is definitely faulty.
Works every time for me when I don't have the ESR Meter to hand.
Best Regards,
Julian (Fozzy The Bear)