Studio Apartment Rent in Cape Elizabeth, ME
Median asking rent for a studio apartment in Cape Elizabeth, Maine as of September 2026. That's +41% lower than the citywide median of $3,217 and +47% above the national studio median of $1,290.
Income needed for a studio in Cape Elizabeth
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Cape Elizabeth
Compare Cape Elizabeth's median rent across every apartment size.
Cheapest cities for a studio in Maine
Most expensive cities for a studio in Maine
| # | City | Studio rent |
|---|---|---|
| 1 | Falmouth | $1,890 |
| 2 | Cape Elizabeth (this page) | $1,890 |
| 3 | Yarmouth | $1,590 |
| 4 | Scarborough | $1,580 |
| 5 | South Portland | $1,550 |
| 6 | Freeport | $1,490 |
| 7 | Kittery | $1,410 |
| 8 | Portland | $1,407 |
| 9 | Saco | $1,340 |
| 10 | Gorham | $1,280 |
| 11 | Brunswick | $1,260 |
| 12 | Old Orchard Beach | $1,190 |
| 13 | Biddeford | $1,190 |
| 14 | Waterville | $1,063 |
| 15 | Old Town | $1,030 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Cape Elizabeth.
| City | Distance | Studio rent | vs Cape Elizabeth |
|---|---|---|---|
| South Portland, ME | 4.6 mi | $1,550 | $-340 (-18%) |
| Portland, ME | 6.5 mi | $1,407 | $-483 (-26%) |
| Scarborough, ME | 9 mi | $1,580 | $-310 (-16%) |
| Falmouth, ME | 10.9 mi | $1,890 | — |
| Old Orchard Beach, ME | 11.3 mi | $1,190 | $-700 (-37%) |
| Yarmouth, ME | 14.9 mi | $1,590 | $-300 (-16%) |
| Saco, ME | 16.1 mi | $1,340 | $-550 (-29%) |
| Gorham, ME | 17.6 mi | $1,280 | $-610 (-32%) |
| Biddeford, ME | 18.5 mi | $1,190 | $-700 (-37%) |
| Freeport, ME | 20.5 mi | $1,490 | $-400 (-21%) |
| Brunswick, ME | 28 mi | $1,260 | $-630 (-33%) |
| Auburn, ME | 34.3 mi | $890 | $-1,000 (-53%) |
Studio rent in Cape Elizabeth — common questions
How much is a studio apartment in Cape Elizabeth?
As of September 2026, the median studio apartment rent in Cape Elizabeth, Maine is $1,890 per month. This is +41% below the citywide median of $3,217.
What income do you need to afford a studio in Cape Elizabeth?
Using the standard 30% rent-to-income rule, you would need an annual income of about $75,600 ($6,300/month gross), which works out to roughly $36.35/hour at a full-time job.
Is Cape Elizabeth expensive for a studio compared to the rest of the US?
Cape Elizabeth's studio median of $1,890 is +47% above the national studio median of $1,290. It ranks in the 84th percentile of US cities tracked.
How does Cape Elizabeth rank for studio rent in Maine?
Among the 21 cities in Maine with studio data, Cape Elizabeth ranks #20 from cheapest to most expensive.
Are there cheaper studio options near Cape Elizabeth?
Yes — nearby cities with cheaper studio rents include South Portland ($1,550), Portland ($1,407), Scarborough ($1,580).