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$2,250 - $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 $1,655 (16 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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$2,079 - $2,5622 Bedroom Apartments Available Now
Summit Terrace
111 Summit TerSouth 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 to 3 Bedroom Apartments
51 Bowdoin Ave
51 Bowdoin AveSouth Portland, ME 04106
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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
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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 to 4 Bedroom Apartments
Danforth Heights
48 Salem StPortland, ME 04102
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 Bedroom Apartments
Ridgeland Estates
109 Ridgeland AveSouth Portland, ME 04106
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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 |
|---|---|---|---|
| Cape Elizabeth 1 Bedroom Apartments | $2,125 | $2,000 | $2,250 |
| Cape Elizabeth 2 Bedroom Apartments | $2,349 | $2,079 | $2,562 |
| Cape Elizabeth 3 Bedroom Apartments | $2,825 | $2,750 | $2,900 |
Browse Top Apartments in Cape Elizabeth
See all Apartments in Cape ElizabethExplore Cape Elizabeth
Cape Elizabeth, ME Local Guide
- Nearby Cities
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Best Value Apartments for Rent in Cape Elizabeth, ME and Nearby
As of September 20, 2026 the best value apartment in the Cape Elizabeth area is the $2.17 price per square foot 396 Preble St Model at 396 Preble St, Unit SunSplashed in the South Portland neighborhood starting from $2,500. The second greatest value Cape Elizabeth apartment is the 2 Bed | Balcony Model at Summit Terrace in the South Portland neighborhood starting at $2,081 with a $2.19 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. |
|---|---|---|---|
| 396 Preble St, Unit SunSplashed | 396 Preble St | 2BR, 1BA | $2.17 |
| Summit Terrace | 2 Bed | Balcony | 2BR, 1BA | $2.19 |
| Summit Terrace at Woodland | 2 Bed | 2BR, 1BA | $3.06 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Quick 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.
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Best Local Schools in Cape Elizabeth, ME
Cape Elizabeth High School
Cape Elizabeth Public Schools
Public School - Grades 9-12 (471)
10 out of 10
Cape Elizabeth Middle School
Cape Elizabeth Public Schools
Public School - Grades K-8 (448)
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 $2,081 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.