Cheap Homes for Rent in Cape Elizabeth, ME from $1,100 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 106 Granite St

106 Granite St

BiddefordME04005
Showing Results 1-12, Page 1 of 1

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 Terrace2BR Balcony2BR,1BA$2,207

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

As of March 26, 2025 the best value apartment in the Cape Elizabeth area is the $2.32 price per square foot 2BR Balcony Model at Summit Terrace in the in the Downtown Portland neighborhood starting from $2,207. 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 Terrace2BR Balcony2BR,1BA$2.32
248 Preble St, Unit #2248 Preble St1BR,1BA$3.33
Summit Terrace at WoodlandJunior One Bedroom Newly Renovated1BR,1BA$3.63

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Cape Elizabeth

What type of rentals are currently available in Cape Elizabeth?

There are currently 56 Apartments for Rent in Cape Elizabeth, ME with pricing that ranges from $1,975 to $2,950. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cape Elizabeth ranging from $1,150 to $17,775.

What is the current price range for Rental Homes in Cape Elizabeth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cape Elizabeth ranges from $1,150 to $17,775 with an average monthly rent of $3,411.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.