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Rent Specials
$1,865 - $2,4501 to 2 Bedroom Apartments Available Now
Summit Terrace at Woodland
60 Woodland RdCape Elizabeth, ME 04107
Cheap Apartments for Rent in Cape Elizabeth, ME from $800 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Cape Elizabeth.
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1 Bedroom Apartments
26 Starboard Dr
26 Starboard DrCape Elizabeth, ME 04107
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$2,024 - $2,6552 Bedroom Apartments Available Now
Summit Terrace
111 Summit TerSouth Portland, ME 04106
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1 Bedroom Apartments
Breakwater at Spring Point
148 Breakwater DrSouth Portland, ME 04106
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1 to 3 Bedroom Apartments
92 Clark St
92 Clark StPortland, ME 04102
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1 Bedroom Apartments
31-35 State St
31-35 State StPortland, ME 04101
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Studio Apartments
32 State St
32 State StPortland, ME 04101
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.
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1 to 3 Bedroom Apartments
51 Bowdoin Ave
51 Bowdoin AveSouth Portland, ME 04106
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1 to 2 Bedroom Apartments
155 High St
155 High StSouth Portland, ME 04106
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Studio Apartments
Harbor Terrace
284 Danforth StPortland, ME 04102
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1 Bedroom Apartments
36-38 State St
36-38 State StPortland, ME 04101
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1 to 2 Bedroom Apartments
171 Cottage Rd
171 Cottage RdSouth Portland, ME 04106
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2 Bedroom Apartments
9 C St
9 C StSouth Portland, ME 04106
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Studio Apartments
156 Danforth St
156 Danforth StPortland, ME 04102
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.
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Studio Apartments
352 Cottage Rd
352 Cottage RdSouth Portland, ME 04106
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Studio Apartments
8 Salem St
8 Salem StPortland, ME 04102
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Studio to 2 Bedroom Apartments
191-193 York St
191-193 York StPortland, ME 04102
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Studio Apartments
206-208 Danforth St
206-208 Danforth StPortland, ME 04102
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Studio Apartments
54 State St
54 State StPortland, ME 04101
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2 Bedroom Apartments
214-216 Danforth St
214-216 Danforth StPortland, ME 04102
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1 to 4 Bedroom Apartments
Danforth Heights
48 Salem StPortland, ME 04102
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.
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1 Bedroom Apartments
Mill Company Gardens Apartments
121 E Margaret StSouth Portland, ME 04106
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1 to 2 Bedroom Apartments
Riverplace
1 RiverPlace DrSouth Portland, ME 04106
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1 to 2 Bedroom Apartments
Casco Terrace
41 State StPortland, ME 04101
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Studio to 2 Bedroom Apartments
62 State St
62 State StPortland, ME 04101
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Studio to 1 Bedroom Apartments
51 State St
51 State StPortland, ME 04101
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1 Bedroom Apartments
Ridgeland Estates
109 Ridgeland AveSouth Portland, ME 04106
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2 Bedroom Apartments
45-47 State St
45-47 State StPortland, ME 04101
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.
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Studio Apartments
299-301 Ocean St
299-301 Ocean StSouth Portland, ME 04106
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Studio to 2 Bedroom Apartments
Hazard Towers
425 BroadwaySouth Portland, ME 04106
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1 to 2 Bedroom Apartments
Mill Cove
10 Soule StSouth Portland, ME 04106
Showing Results 1-31, Page 1 of 1
Cape Elizabeth, ME Local Guide
Blueberries by Albert Lew is licensed under CC BY 2.0
How much does it cost to rent an apartment in Cape Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Cape Elizabeth 1 Bedroom Apartments | $2,200 | $2,175 | $2,250 |
| Cheap Cape Elizabeth 2 Bedroom Apartments | $2,482 | $2,235 | $2,900 |
Browse Top Apartments in Cape Elizabeth
See all Apartments in Cape ElizabethExplore Cape Elizabeth
Cape Elizabeth, ME Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Cape Elizabeth Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Summit Terrace at Woodland | Summit | 1BR,1BA | $1,865 |
| Summit Terrace | 2 Bed | Balcony | 2BR,1BA | $2,024 |
Best Value Apartments for Rent in Cape Elizabeth, ME
As of May 07, 2026 the best value apartment in the Cape Elizabeth area is the $2.38 price per square foot 2 Bed Model at Summit Terrace in the in the Downtown neighborhood starting from $2,145. The second greatest value Cape Elizabeth apartment is the Summit Model at Summit Terrace at Woodland starting at $1,865 with a $4.00 price per square foot . Here is today’s list of the best values for Cape Elizabeth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summit Terrace | 2 Bed | 2BR,1BA | $2.38 |
| Summit Terrace at Woodland | Summit | 1BR,1BA | $4.00 |
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.
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Real 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.
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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.
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Best Local Schools in Cape Elizabeth, ME
Cape Elizabeth High School
Cape Elizabeth Public Schools
Public School - Grades 9-12 (518)
10 out of 10
Cape Elizabeth Middle School
Cape Elizabeth Public Schools
Public School - Grades K-8 (434)
10 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Cape Elizabeth, ME Rentals by Map
See the most popular apartments and homes in Cape Elizabeth, ME
Frequently Asked Questions about Cheap Cape Elizabeth Apartments
What is the lowest price for a Cheap Two Bedroom Cape Elizabeth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cape Elizabeth is starting from $2,024 at Summit Terrace.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.