Cheap Apartments for Rent in Cape Elizabeth, ME

28 rentals

Apartments For Rent Near Cape Elizabeth, ME

We found 30 more apartments matching your filters just outside Cape Elizabeth

Average Rent Trends in Cape Elizabeth, ME

Rent in Cape Elizabeth, ME varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
Oct 2025$3,000
Nov 2025$3,000
Dec 2025$2,900
Jan 2026$2,800
Feb 2026$2,700
Mar 2026$2,900
Apr 2026$2,900
May 2026$3,500
Jun 2026$3,295
Jul 2026$3,295
Aug 2026$3,295
Sep 2026$2,975
View as a graph

Average Rent By Bedroom and Home Type

In September 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,929$2,900$3,250$4,200$2,975
Townhomes$1,825———$1,825
Apartments and Condos$1,917$2,900$2,975$3,450$2,900
Houses$3,500$3,000$3,250$4,200$4,000
See more information about local market trends in Cape Elizabeth, ME

Frequently Asked Questions about Rentals in Cape Elizabeth, ME

  • What is the average rent of an apartment in Cape Elizabeth, ME?
    The average rent of an apartment in Cape Elizabeth, ME is $2,653 per month. This is about 36% higher than the national average.
  • What are the cheapest months to find an apartment to rent in Cape Elizabeth, ME?
    Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $2,900 per month.
  • How many cheap apartments are available in Cape Elizabeth, ME?
    There are 13 apartments to rent that are cheaper than the city’s average rent of $2,975.
  • When is the average rent most expensive in Cape Elizabeth, ME?
    In the last year, the average rent in Cape Elizabeth, ME was highest in Mar 2025 when it was $3,900 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Cape Elizabeth, ME?
    The average rent of a 1 bedroom apartment in Cape Elizabeth, ME is $1,929 per month. That is about $79 more than the cost of a studio apartment.
  • What are some zip codes in Cape Elizabeth, ME?
    Cape Elizabeth, ME includes zip codes such as: 04107.
  • What are some cities near Cape Elizabeth, ME?
    Some nearby cities include: South Portland, Portland, Scarborough, Long Island, Old Orchard Beach. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Cape Elizabeth, ME - 190 Rentas | Trulia