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Newest Homes for Rent in Cape Elizabeth, ME

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  • 60 Woodland Rd, Cape Elizabeth, ME 04107
    60 Woodland Rd, Cape Elizabeth, ME 04107
    60 Woodland Rd, Cape Elizabeth, ME 04107
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    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
  • 9 Oakview Dr, Cape Elizabeth, ME 04107
    9 Oakview Dr, Cape Elizabeth, ME 04107
    9 Oakview Dr, Cape Elizabeth, ME 04107
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    $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 approvalMinimum 2 years of positive rental historyNo criminal history or bankruptcyRenter’s insurance required throughout tenancyEach occupant 18+

    9 Oakview Dr, Cape Elizabeth, ME 04107
  • 876 Shore Rd, Cape Elizabeth, ME 04107
    876 Shore Rd, Cape Elizabeth, ME 04107
    876 Shore Rd, Cape Elizabeth, ME 04107
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    $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
  • 9 Oakview Dr Unit 9, Cape Elizabeth, ME 04107
    9 Oakview Dr Unit 9, Cape Elizabeth, ME 04107
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    $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
  • 2 Cottage Ln Unit 3, Cape Elizabeth, ME 04107
    2 Cottage Ln Unit 3, Cape Elizabeth, ME 04107
    2 Cottage Ln Unit 3, Cape Elizabeth, ME 04107
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    $3,750

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,280 Sq Ft
    • Condo for Rent

    2 Cottage Ln Unit 3, Cape Elizabeth, ME 04107

    Nestled in the desirable Cape Cottage neighborhood, this charming third-floor apartment offers deeded rights to Casino Beach perfect for summer swims or evening strolls by the water. Conveniently located just moments from Fort Williams Park, you'll have easy access to scenic trails, picnic areas, and the iconic Portland Head Light.The apartment has been thoughtfully updated throughout

    2 Cottage Ln Unit 3, Cape Elizabeth, ME 04107
Maine Cumberland County

Newest Homes for Rent in Cape Elizabeth, ME

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 West End, Downtown Portland, Parkside, West Bayside and Libbytown, each with its own character and price range.

Rental Trends in Cape Elizabeth, ME

There are currently 5 homes available for rent in Cape Elizabeth, ME. The median rent is $3,750 per month, with single-family homes renting at $4,600, townhouses at $2,900 and condos at $3,325.

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
$3,325
How to Rent a Home

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