
Cheap Homes for Rent in Cape Elizabeth, ME from $1,400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Cape Elizabeth.


19 Market Ln

82 N Kelsey St

197 Pine St

37 Cottage St

60 Parris St

40 Claman Dr
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.

148 Breakwater Dr

158 Temple Ave

210 Beach St

2 Cardinal Ln

117 Sunset Ave

170 Cleaves St

43 Cumberland St
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.
Cape Elizabeth, ME Local Guide

How much does it cost to rent a home in Cape Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cape Elizabeth 2 Bedroom Homes for Rent | $2,822 | $1,800 | $5,400 |
| Cape Elizabeth 3 Bedroom Homes for Rent | $3,415 | $2,200 | $6,375 |
| Cape Elizabeth 4 Bedroom Homes for Rent | $13,331 | $3,800 | $10,000+ |
| Cape Elizabeth 5 Bedroom Homes for Rent | $4,250 | $3,500 | $5,000 |
| Cape Elizabeth 6 Bedroom Homes for Rent | $19,775 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Cape Elizabeth
Explore Cape Elizabeth
Cape Elizabeth, ME Local Guide
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Cheapest Available Cape Elizabeth Apartments for Rent and Nearby
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Summit Terrace at Woodland | 2 Bed | 2BR,1BA | $2,100 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2,235 |
Best Value Apartments for Rent in Cape Elizabeth, ME and Nearby
As of May 31, 2026 the best value apartment in the Cape Elizabeth area is the $2.52 price per square foot 2 Bed | Balcony Model at Summit Terrace in the in the Downtown neighborhood starting from $2,394. The second greatest value Cape Elizabeth apartment is the 2 Bed Model at Summit Terrace at Woodland starting at $2,100 with a $2.63 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 | Balcony | 2BR,1BA | $2.52 |
| Summit Terrace at Woodland | 2 Bed | 2BR,1BA | $2.63 |
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.
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.
Read ArticleQuick 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.
Best Local Schools in Cape Elizabeth, ME
Cape Elizabeth High School
Cape Elizabeth Middle School
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 Cape Elizabeth
What type of rentals are currently available in Cape Elizabeth?
There are currently 55 Apartments for Rent in Cape Elizabeth, ME with pricing that ranges from $1,066 to $2,655. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cape Elizabeth ranging from $1,475 to $38,775.
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 $1,475 to $38,775 with an average monthly rent of $7,607.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.