Cheap Apartments for Rent in Cape Elizabeth, ME from $800 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in Cape Elizabeth.

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26 Starboard Dr
1 Bedroom Apartments

26 Starboard Dr

26 Starboard DrCape Elizabeth, ME 04107
Senior Living
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92 Clark St
1 to 3 Bedroom Apartments

92 Clark St

92 Clark StPortland, ME 04102
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Danforth Heights
1 to 4 Bedroom Apartments

Danforth Heights

48 Salem StPortland, ME 04102
  • Utilities Inc.
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Riverplace
1 to 2 Bedroom Apartments

Riverplace

1 RiverPlace DrSouth Portland, ME 04106
  • Utilities Inc.
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Casco Terrace
1 to 2 Bedroom Apartments

Casco Terrace

41 State StPortland, ME 04101
  • Utilities Inc.
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51 Bowdoin Ave
1 to 3 Bedroom Apartments

51 Bowdoin Ave

51 Bowdoin AveSouth Portland, ME 04106
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31-35 State St
1 Bedroom Apartments

31-35 State St

31-35 State StPortland, ME 04101
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155 High St
1 to 2 Bedroom Apartments

155 High St

155 High StSouth Portland, ME 04106
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62 State St
Studio to 2 Bedroom Apartments

62 State St

62 State StPortland, ME 04101
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51 State St
Studio to 1 Bedroom Apartments

51 State St

51 State StPortland, ME 04101
  • Utilities Inc.
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Ridgeland Estates
1 Bedroom Apartments

Ridgeland Estates

109 Ridgeland AveSouth Portland, ME 04106
Senior Living

Cape Elizabeth, ME Local Guide

Cheapest Available Cape Elizabeth Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Summit Terrace at WoodlandJunior One Bedroom Newly Renovated1BR,1BA$1,693
Summit Terrace2 Bedroom2BR,1BA$2,145

Best Value Apartments for Rent in Cape Elizabeth, ME and Nearby

As of March 15, 2025 the best value apartment in the Cape Elizabeth area is the $2.38 price per square foot 2 Bedroom Model at Summit Terrace in the in the Downtown Portland neighborhood starting from $2,145. The second greatest value Cape Elizabeth apartment is the 248 Preble St Model at 248 Preble St, Unit #2 starting at $2,000 with a $3.33 price per square foot . Here is today’s list of the best values for Cape Elizabeth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summit Terrace2 Bedroom2BR,1BA$2.38
248 Preble St, Unit #2248 Preble St1BR,1BA$3.33
Summit Terrace at WoodlandJunior One Bedroom Newly Renovated1BR,1BA$3.63

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Explore Cape Elizabeth, ME Rentals by Map

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Getting Around Cape Elizabeth, ME

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Cape Elizabeth Apartments

How much is rent for a Cheap One Bedroom Cape Elizabeth Apartment?

The lowest price for a Cheap One Bedroom Cape Elizabeth Apartment is $1,693 at Summit Terrace at Woodland.

What is the lowest price for a Cheap Two Bedroom Cape Elizabeth Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Cape Elizabeth is starting from $2,145 at Summit Terrace.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.