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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
  • 53 Hannaford Cove Rd, Cape Elizabeth, ME 04107
    53 Hannaford Cove Rd, Cape Elizabeth, ME 04107
    53 Hannaford Cove Rd, Cape Elizabeth, ME 04107
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    $5,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,633 Sq Ft
    • House for Rent

    53 Hannaford Cove Rd, Cape Elizabeth, ME 04107

    Experience the ultimate year-round coastal Maine lifestyle in this spacious 2,633-square-foot single-family home, perfectly situated in Cape Elizabeth. Offering 3 bedrooms, 2.5 bathrooms, and an attached 2-car garage with plenty of storage, this property delivers the perfect balance of comfort and utility for every season. The real magic, however, lies just outside your door: enjoy beach access

    53 Hannaford Cove 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 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
  • 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
  • 25 Algonquin Rd, Cape Elizabeth, ME 04107
    25 Algonquin Rd, Cape Elizabeth, ME 04107
    25 Algonquin Rd, Cape Elizabeth, ME 04107
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    $60,000 Per Month

    • 7 Beds
    • 6 Baths
    • House for Rent

    25 Algonquin Rd, Cape Elizabeth, ME 04107

    Welcome to 25 Algonquin Road, a newly constructed masterpiece in Cape Elizabeth. Thoughtfully designed and meticulously crafted, this modern coastal retreat offers an exquisite blend of contemporary luxury and classic New England charm. Available for monthly stays, this home promises an exceptional escape for discerning guests seeking comfort, style, and serenity in an unmatched coastal

    25 Algonquin 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
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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
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 August 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 $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 19.4, 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, West End, Parkside and West Bayside, each with its own character and price range.

Rental Trends in Cape Elizabeth, ME

There are currently 6 homes available for rent in Cape Elizabeth, ME. The median rent is $3,750 per month, with single-family homes renting at $5,050, townhouses at $2,900 and condos at $2,888.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$3,750
Median Single Family Home Rent
$5,050
Median Townhouse Rent
$2,900
Median Condo Rent
$2,888
How to Rent a Home

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