Summit Terrace at Woodland
60 Woodland Rd,
Cape Elizabeth, ME 04107
$2,100 - $2,450
1-2 Beds
Rental Market Trends in Cape Elizabeth, ME
What is the average rent in Cape Elizabeth, ME?
$2,240/month
Average Rent
624 Sq Ft
Average Apartment Size
0%
Decrease in the Last Year
Cape Elizabeth, ME Rental Market Overview
The average rent in Cape Elizabeth, ME is $2,240 per month. This is 36% higher than the national average rent price of $1,644/month, making Cape Elizabeth one of the most expensive cities in the US.
- Studio apartments in Cape Elizabeth average $2,094 per month.
- One-bedroom apartments in Cape Elizabeth average $2,240 per month.
- Two-bedroom apartments in Cape Elizabeth average $2,450 per month.
- Three-bedroom apartments in Cape Elizabeth average or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Cape Elizabeth, ME?
In the past year, rent has decreased by 0%, which averages out to $0 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Cape Elizabeth, ME
Last Updated June 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Cape Elizabeth, ME?
Because the average rent in Cape Elizabeth is $2,240, you’ll want to make about $7,466 per month or $89,592 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Cape Elizabeth, ME compare to other nearby cities and neighborhoods?
Use the tool below to compare Cape Elizabeth, ME to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Cape Elizabeth we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 June 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.
* Percentages may not total 100 due to rounding.