Cheap Apartments for Rent in Cape Elizabeth, ME from $800 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Cape Elizabeth.

close
View Me
26 Starboard Dr
1 Bedroom Apartments

26 Starboard Dr

26 Starboard DrCape Elizabeth, ME 04107
Senior Living
close
View Me
92 Clark St
1 to 3 Bedroom Apartments

92 Clark St

92 Clark 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.

close
View Me
Danforth Heights
1 to 4 Bedroom Apartments

Danforth Heights

48 Salem StPortland, ME 04102
  • Utilities Included
close
View Me
Riverplace
1 to 2 Bedroom Apartments

Riverplace

1 RiverPlace DrSouth Portland, ME 04106
  • Utilities Included
close
View Me
32 State St
Studio Apartments

32 State St

32 State StPortland, ME 04101
close
View Me
Casco Terrace
1 to 2 Bedroom Apartments

Casco Terrace

41 State StPortland, ME 04101
  • Utilities Included
close
View Me
51 Bowdoin Ave
1 to 3 Bedroom Apartments

51 Bowdoin Ave

51 Bowdoin AveSouth Portland, ME 04106

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.

close
View Me
31-35 State St
1 Bedroom Apartments

31-35 State St

31-35 State StPortland, ME 04101
close
View Me
155 High St
1 to 2 Bedroom Apartments

155 High St

155 High StSouth Portland, ME 04106

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

close
View Me
Harbor Terrace
Studio Apartments

Harbor Terrace

284 Danforth StPortland, ME 04102
Senior Living
close
View Me
62 State St
Studio to 2 Bedroom Apartments

62 State St

62 State StPortland, ME 04101
close
View Me
51 State St
Studio to 1 Bedroom Apartments

51 State St

51 State StPortland, ME 04101
  • Utilities Included
close
View Me
Ridgeland Estates
1 Bedroom Apartments

Ridgeland Estates

109 Ridgeland AveSouth Portland, ME 04106
Senior Living

Cape Elizabeth, ME Local Guide

Cheapest Available Cape Elizabeth Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Summit Terrace at WoodlandSummit1BR,1BA$2,175

Best Value Apartments for Rent in Cape Elizabeth, ME

As of September 08, 2025 the best value apartment in the Cape Elizabeth area is the $2.16 price per square foot 2 Cottage Ln Model at 2 Cottage Ln, Unit 1 in the starting from $2,700. The second greatest value Cape Elizabeth apartment is the 248 Preble St Model at 248 Preble St, Unit #2 starting at $2,000 with a $3.33 price per square foot . Here is today’s list of the best values for Cape Elizabeth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2 Cottage Ln, Unit 12 Cottage Ln2BR,1BA$2.16
248 Preble St, Unit #2248 Preble St1BR,1BA$3.33
Summit Terrace at WoodlandSummit1BR,1BA$4.67

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Cape Elizabeth, ME Rentals by Map

View Map
Cape Elizabeth, ME Apartments Map
View Map
Cape Elizabeth, ME Rental Homes Map

Getting Around Cape Elizabeth, ME

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Cape Elizabeth Apartments

How much is rent for a Cheap One Bedroom Cape Elizabeth Apartment?

The lowest price for a Cheap One Bedroom Cape Elizabeth Apartment is $2,175 at Summit Terrace at Woodland.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.