Cheap Homes for Rent in Cape Elizabeth, ME from $1,300 (9 Rentals)

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

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.

property at 42 Walnut St

$2,000

4 Bedroom Rentals

Available Now

42 Walnut St

Old Orchard BeachME04064
property at 45 Myrtle St

$2,050

3 Bedroom Rentals

Available Now

45 Myrtle St

BiddefordME04005

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.

property at 210 Beach St

$2,100

2 Bedroom Rentals

Available Mar 9

210 Beach St

SacoME04072

Cape Elizabeth, ME Local Guide

Cheapest Available Cape Elizabeth Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Summit Terrace2 Bed | Balcony2BR,1BA$2,024
Summit Terrace at WoodlandSummit1BR,1BA$2,175

Best Value Apartments for Rent in Cape Elizabeth, ME and Nearby

As of March 02, 2026 the best value apartment in the Cape Elizabeth area is the $1.93 price per square foot 3 Danforth Pl Model at 3 Danforth Pl, Unit 2 in the in the Downtown Portland neighborhood starting from $2,700. The second greatest value Cape Elizabeth apartment is the 2 Bed Model at Summit Terrace starting at $2,145 with a $2.38 price per square foot in the Downtown neighborhood. 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.
3 Danforth Pl, Unit 23 Danforth Pl2BR,1BA$1.93
Summit Terrace2 Bed2BR,1BA$2.38
4 Palmer St4 Palmer St2BR,1BA$2.67
15 Minuteman Dr, Unit 115 Minuteman Dr1BR,1BA$3.06
248 Preble St, Unit #2248 Preble St1BR,1BA$3.33
Summit Terrace at WoodlandSummit1BR,1BA$4.67

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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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.

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

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Frequently Asked Questions about Cape Elizabeth

What type of rentals are currently available in Cape Elizabeth?

There are currently 60 Apartments for Rent in Cape Elizabeth, ME with pricing that ranges from $2,000 to $3,600. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cape Elizabeth ranging from $1,395 to $27,500.

What is the current price range for Rental Homes in Cape Elizabeth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cape Elizabeth ranges from $1,395 to $27,500 with an average monthly rent of $8,906.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.