Average Rent in Cape Elizabeth, ME and Rent Price Trends

Rent trends in Cape Elizabeth, ME

Average rent prices in Cape Elizabeth have increased by 45% over the last month and have decreased by 7% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Cape Elizabeth, ME

Rent prices in Cape Elizabeth vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Cape Elizabeth is $2,250, whereas a house costs $3,000. 1-bedroom apartments in Cape Elizabeth run $1,645 on average, while 2-bedroom apartments are $2,100.


Studio	$1,600	-	-
1 bedroom	$1,800	No Change	-
2 bedroom	$2,650	3%	41%
3 bedroom	$2,750	7%	24%
4 bedroom	$3,100	No Change	-


Apartments	$2,250	6%	No Change
Condos	$2,700	No Change	No Change
Houses	$3,000	10%	No Change

Studio

Average rent

$1,600

1 bedroom

Average rent

$1,800

2 bedroom

Average rent

$2,650

Last 30 days

Last year

41%

3 bedroom

Average rent

$2,750

Last 30 days

Last year

24%

4 bedroom

Average rent

$3,100

The table above reflects average rent prices in Cape Elizabeth, ME, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Cape Elizabeth, ME compare to other cities?

Compare median rent prices in Cape Elizabeth and Auburn by all bedroom counts and property types.

Cape Elizabeth

Median rent price$2,700

42%

higher than the national median

Median rent price$1,800

lower than the national median

Takeaway

The median rent for all rentals in Cape Elizabeth, ME is 50% higher than the median rent in Auburn, ME.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,800

$1,500

$2,150

$2,300

$2,512

$2,400

$2,624

$1,995

$1,599

$2,400

$2,995

$3,080

Discover rentals in Cape Elizabeth, ME

4d ago

8.6

Very good

9 & 11 Oakview Drive

9 9 & 11 Oakview Drive, Cape Elizabeth, ME 04107

2 beds

1 bath

$2,595

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Frequently asked questions for Cape Elizabeth, ME

Quick answers to common questions about the Cape Elizabeth rental market.

How much is rent in Cape Elizabeth?

The average rent in Cape Elizabeth is $2,700 per month as of September 12, 2026.

Is rent up or down in Cape Elizabeth?

Average rent prices in Cape Elizabeth have increased by 45% over the last month and have decreased by 7% since last year.

How does Cape Elizabeth rent compare to the national average?

Rent in Cape Elizabeth is 42% above the national average, which means renters are paying approximately $800 more per month.

What salary do I need to afford rent in Cape Elizabeth?

To comfortably afford rent in Cape Elizabeth, you'd need to earn approximately $108,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).