Cape Elizabeth

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Cape Elizabeth, ME Area Guide

Avg Rent

$2,121

Population

9,729

Renter Mix

13% Rent

The coastal scenes of Cape Elizabeth have to be seen to be believed

Historic Tranquil Beach Bayfront Coastal

The Cumberland County town of Cape Elizabeth, Maine is like something out of a painting. Incorporated in November of 1765, the town is most famous for Portland Head Light, an iconic lighthouse set on the northeast edge of the picturesque coast. Cape Elizabeth is rich in history, but these days it’s a popular spot for retirees or anyone looking to relax in a gorgeous New England locale.

Incredible homes dot the landscape, but there are charming apartments as well that can fit nearly any budget. Cape Elizabeth is just across the harbor from Portland, meaning the amenities and conveniences of the waterfront city are only minutes away.

Demographics

Median Household Income

$139,649

Average: $169,349

Education

5,556

Residents Have a Degree

Job Market

5,352

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

50 Years

Largest Age Group

60-69 Years

Approximately 16% of Residents

Under 20

22%

Over 65

28%

Housing Distribution

Cape Elizabeth has more homeowners than renters.

Renters
13%
Non-Renters
87%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
54%
Other Education
46%

Rent Trends

As of May 2026, the average apartment rent in Cape Elizabeth, ME is $2,092 for a studio, $2,121 for one bedroom, and $2,450 for two bedrooms. Apartment rent in Cape Elizabeth has decreased by -5.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,121/month
624 Sq Ft
House
$15,941/month
2,262 Sq Ft
See Rental Market Trends in Cape Elizabeth, ME

Learn More About Cape Elizabeth

Getting Around

Not Walkable

Walkability

10 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Pond Cove Elementary

Public

Grades K-5

557 Students

Cape Elizabeth Middle School

Public

Grades K-8

434 Students

Cape Elizabeth Middle School

Public

Grades K-8

434 Students

Cape Elizabeth High School

Public

Grades 9-12

518 Students

Points of Interest

Parks and Recreation

  • Crescent Beach State Park
  • Two Lights State Park
  • Portland Head Light and Museum
  • Portland Harbor Museum
  • Children's Museum & Theatre of Maine

Airports

  • Portland International Jetport

Top Apartments in Cape Elizabeth

Houses for Rent in Cape Elizabeth

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.