Apartments for Rent in Cape Elizabeth, ME

Prices and availability in Cape Elizabeth, ME were last updated on 9 Nov 2026.

The best apartment in Cape Elizabeth, ME is: Summit Terrace at Woodland.

The average rent in Cape Elizabeth, ME is $2,097.

The price range for a studio apartment in Cape Elizabeth, ME is between $2,250 and $2,450.

In Cape Elizabeth, 12% of the residents are renting compared to 88% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Cape Elizabeth's rentals, 28% are small-scale complexes with under 50 units, and 72% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Cape Elizabeth are about 55 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Cape Elizabeth come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 56% of the total apartments in the city, while 2-bedroom floorplans represent around 44% of all rentals in Cape Elizabeth. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.