2

Cape Elizabeth, ME Houses for Rent

Section Image
  • /9

    $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
  • /39

    $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

Frequently Asked Questions

How much does it cost to rent a single-family home in Cape Elizabeth, ME?
The median rent for a single-family home in Cape Elizabeth, ME is $4,600 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 $170,000 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 $4,250 per month in Cape Elizabeth, ME, renters typically need to show $12,750 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 17.7, 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.

Rental Home Trends in Cape Elizabeth, ME

Rental Home Trends

Number of Houses for Rent
2
Median Single Family Home Rent
$4,600
Median 3 Bedroom Single Family Home Rent
$4,600
How to Rent a Home