We consider a singularly-perturbed two-well problem in the context of planar geometrically linear elasticity to model a rectangular martensitic nucleus in an austenitic matrix. We derive the scaling regimes for the minimal energy in terms of the problem parameters, which represent the {shape} of the nucleus, the quotient of the elastic moduli of the two phases, the surface energy constant, and the volume fraction of the two martensitic variants. We identify several different scaling regimes, which are distinguished either by the exponents in the parameters, or by logarithmic corrections, for which we have matching upper and lower bounds.