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Cape Elizabeth, ME Homes for Rent

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  • /2

    $2,900

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    9 Oakview Dr Unit 9, Cape Elizabeth, ME 04107

    Cape Elizabeth - Sunny & spacious. 2 br .condo. One story living. Accommodates large furniture. Both bedrooms w/ walk-in closets. Vaulted ceilings, windows looking at nice Oak and pine groves. Hard wood floors, Privet patio. Minutes to the Ocean, Down Town Portland, the Maine Mall and I-95 All utilities, including air conditioning.

    9 Oakview Dr Unit 9, Cape Elizabeth, ME 04107
  • /10

    Starting at $2,450 Per Month

    • 1 - 2 Beds

    60 Woodland Rd, Cape Elizabeth, ME 04107

    Discover that small town feel with big city opportunities you’ve always desired at Summit Terrace at Woodlands Apartments, all beautifully wrapped in lush nature and tree lined streets. Couple this idyllic backdrop with the endless conveniences our apartments near South Portland provide and you couldn’t have asked for a better place to call your own. And we couldn’t forget about the glue that

    Summit Terrace at Woodland

    60 Woodland Rd, Cape Elizabeth, ME 04107
  • /14

    $2,900 Per Month

    • 2 Beds
    • 1 Bath
    • 1,177 Sq Ft
    • Condo for Rent

    9 Oakview Dr, Cape Elizabeth, ME 04107

    Property Id: 2744660 $2,900 / Month - Cape Elizabeth 2BR / 1BA Condo (1,100 SF) PM ME! Rental Requirements (Must Meet to Apply): Minimum credit score: 620+ Income requirement: 2.5x monthly rent or subject to financial approval Minimum 2 years of positive rental history No criminal history or bankruptcy Renter’s insurance required throughout tenancy Each

    9 Oakview Dr, Cape Elizabeth, ME 04107
  • /42

    $9,500 Per Month

    • 3 Beds
    • 4 Baths
    • House for Rent

    876 Shore Rd, Cape Elizabeth, ME 04107

    Legacy Properties Sotheby’s International Realty is pleased to present 876 Shore Road, a beautifully furnished waterfront rental in Cape Elizabeth with sweeping views of Casco Bay and Ram Island Ledge Light.Set along one of Cape Elizabeth’s most desirable coastal corridors, this inviting retreat offers a rare combination of privacy, comfort, and convenience. A private staircase

    876 Shore Rd, Cape Elizabeth, ME 04107
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    $2,875 Per Month

    • 2 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • Condo for Rent

    9-11 Oakview Dr Unit 11 Oakview Drive, Cape Elizabeth, ME 04107

    9-11 Oakview Dr Unit 11 Oakview Drive, Cape Elizabeth, ME 04107

Why Live in Cape Elizabeth

Cape Elizabeth is a coastal Maine town 7 miles southeast of Portland, with a rocky shoreline, iconic lighthouses and highly rated schools. Because of the dramatic coastal views and the top-notch school system, it costs more to live here than in surrounding towns. Inland cottages, condos and Cape Cods sell from the lower $300,000s to the lower $600,000s, and most properties sell from the mid-$600,000s to $2 million. Luxurious beachfront estates can fetch $2.5 million to $7 million. The Cape Elizabeth Public Schools district receives high ratings, and the middle school is scheduled for an upgrade that is expected to be completed by 2028. Outdoor activities, especially running, are popular; the town maintains a trail system for runners and cyclists. Scenic parks include Crescent Beach State Park, Fort Williams Park and Two Lights State Park. The coastline is rockier here than in some nearby towns, but Crescent Beach has a sandy stretch of shoreline. Restaurants like The Lobster Shack and Sea Glass keep the coastal vibes humming. This is a car-dependent area, and it takes about 10 minutes to drive to South Portland and 20 minutes to get to Portland, where you'll find job opportunities, restaurants and nightlife in the Old Port. The Maine Mall in South Portland offers retail therapy, but groceries are available in town at Pond Cove IGA.

Frequently Asked Questions

How much does it cost to rent a home in Cape Elizabeth, ME?
The median rent for a home in Cape Elizabeth, ME is $3,750 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos 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 $150,000 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 $3,750 per month in Cape Elizabeth, ME, renters typically need to show $11,250 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 19.7, 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 home?
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 home include Ferry Village, Downtown Portland, Parkside, West Bayside and Libbytown, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$3,750
Median Single Family Home Rent
$4,600
Median Townhouse Rent
$2,900
Median Condo Rent
$2,900
How to Rent a Home