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Cape Elizabeth, ME Homes for Rent

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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 $1,865 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

    (207) 405-0560

    60 Woodland Rd, Cape Elizabeth, ME 04107
  • 68 Davis St, South Portland, ME 04106
    68 Davis St, South Portland, ME 04106
    68 Davis St, South Portland, ME 04106
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    $3,300 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,408 Sq Ft
    • House for Rent

    68 Davis St, South Portland, ME 04106

    Property Id: 1530616Charming 3 bedroom, 1.5 bath home with many original details in Willard Beach area family neighborhood. Quiet residential, one-way street. Walk to beach, restaurants and bakery. Walk to neighborhood elementary school, bus stop for Middle and High School schools at end of street. Bug Light, Fort Williams State Park and historic Portland Headlight close by. Minutes from

    (207) 819-8827

    68 Davis St, South Portland, ME 04106
  • 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
  • 1235 Shore Rd, Cape Elizabeth, ME 04107
    1235 Shore Rd, Cape Elizabeth, ME 04107
    1235 Shore Rd, Cape Elizabeth, ME 04107
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    $4,250 Per Month

    • 3 Beds
    • 2.5 Baths
    • House for Rent

    1235 Shore Rd, Cape Elizabeth, ME 04107

    Year lease available in beautiful Cape Elizabeth, near beaches and state parks! It has 3 bedrooms, 2.5 bathrooms, dining room, living room with fireplace, plenty natural sunlight, and outside a wrap around porch for relaxing. Washer and dryer are included, stainless steel appliances, and hardwoods floors throughout most of the house. Off street parking -water/sewer included - tenant takes care

    1235 Shore Rd, Cape Elizabeth, ME 04107
  • 2 Davcarley Rd, Cape Elizabeth, ME 04107
    2 Davcarley Rd, Cape Elizabeth, ME 04107
    2 Davcarley Rd, Cape Elizabeth, ME 04107
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    $2,750 Per Month

    • 3 Beds
    • 1 Bath
    • 1,831 Sq Ft
    • Townhouse for Rent

    2 Davcarley Rd, Cape Elizabeth, ME 04107

    Serviced by Ascend Property ManagementWelcome to 2 Davcarley Road, a beautifully maintained single-family home tucked away on a quiet private road, situated on approximately 0.83 acres in Cape Elizabeth. Offering 3 bedrooms, 1 bathroom, and approximately 1,831 square feet of living space, this inviting home blends timeless character with everyday comfort.The thoughtfully designed

    2 Davcarley Rd, Cape Elizabeth, ME 04107
Maine Cumberland County Cape Elizabeth

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 $3,575 per month, though prices vary by neighborhood, size, and property type. As of June 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 $143,000 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 $3,575 per month in Cape Elizabeth, ME, renters typically need to show $10,725 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 21.0, 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 and West Bayside, 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 $3,575 per month, with single-family homes renting at $4,600, townhouses at $4,250 and condos at $2,900.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$3,575
Median Single Family Home Rent
$4,600
Median Townhouse Rent
$4,250
Median Condo Rent
$2,900
How to Rent a Home

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