$2,900 Per Month
- 2 Beds
- 1 Bath
- 1,100 Sq Ft
- Condo for Rent
9-11 Oakview Dr Unit 11 Oakview Dr., Cape Elizabeth, ME 04107
Frequently Asked Questions
How much does it cost to rent a condo in Cape Elizabeth, ME?
The median rent for a condo in Cape Elizabeth, ME is $2,900 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Cape Elizabeth, ME?
To comfortably afford the median rent in Cape Elizabeth, ME, a household needs to earn roughly $177,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,425 per month in Cape Elizabeth, ME, renters typically need to show $13,275 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cape Elizabeth, ME?
In Cape Elizabeth, ME, the price-to-rent ratio is 16.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Cape Elizabeth, ME are best for renting a condo?
The best neighborhood for renting in Cape Elizabeth, ME depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Portland, Parkside, Central Saco and Downtown Biddeford, each with its own character and price range.
