5

Cape Elizabeth, ME Homes for Rent

Section Image
  • 60 Woodland Rd, Cape Elizabeth, ME 04107
    60 Woodland Rd, Cape Elizabeth, ME 04107
    60 Woodland Rd, Cape Elizabeth, ME 04107
    /10

    Starting at $1,929 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
  • 9-11 Oakview Dr Unit 11 Oakview Drive, Cape Elizabeth, ME 04107
    9-11 Oakview Dr Unit 11 Oakview Drive, Cape Elizabeth, ME 04107
    9-11 Oakview Dr Unit 11 Oakview Drive, Cape Elizabeth, ME 04107
    /14

    $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

    Video Tour: ** Leasing Incentives available. Please reach out to Leasing Agent for more details! $2,875.00 - This spacious 2-bedroom, 1-bath condo offers 1,100 square feet of comfortable living in desirable Cape Elizabeth. This bright and inviting home provides generous room sizes, an open layout, and plenty of space to relax or entertain. Brand new heat pumps added to unit

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

Homes for Rent in Cape Elizabeth, ME

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.

Learn more about living in Cape Elizabeth

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 $2,875 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option.
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 $115,000 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 $2,875 per month in Cape Elizabeth, ME, renters typically need to show $8,625 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 25.5, 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 Sunset Park, West End, Downtown Portland, West Bayside and East End, each with its own character and price range.

Rental Trends in Cape Elizabeth, ME

There are currently 2 homes available for rent in Cape Elizabeth, ME. The median rent is $2,875 per month, with condos at $2,875.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,875
Median Condo Rent
$2,875
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group