Cheap Apartments for Rent in Wilmington, DE from $500 (106 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Wilmington, DE Local Guide

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Cheapest Neighborhoods for Apartments in Wilmington, DE

Pricing Updated: 01/26/2026

Current apartment rentals in the Wilmington, DE area range in price from $554 to $5,694 with an overall median price of $2,869. The three Wilmington neighborhoods with the lowest median rent pricing are Heritage at $1,050, Linden Hill at $1,050, and Skyline Crest at $1,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Heritage$1,974$1,05078
Linden Hill$1,979$1,05058
Skyline Crest$1,979$1,05055
Hilltop$2,095$80712
Mermaid$2,150$1,05057
Milltown$2,150$1,05067
Woodcreek$2,150$1,10041
Saint Elizabeth's Area$2,355$79031
Wawaset Park$2,716$554385
Hedgeville$2,724$554365

Cheapest Available Wilmington Apartments for Rent

 

The cheapest available apartment rental in Wilmington, DE is a 1 Bed unit found at Greenview at Chestnut Run in the The Flats neighborhood priced from $1,003. Meadowview Apartments in the Penns Beach neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenview at Chestnut Run1 Bedroom/1 Bathroom1BR,1BA$1,003
Meadowview ApartmentsStudioStudio,1BA$1,025
824 N West StStudio, 1 bathStudio,1BA$1,050
Colonial CourtStudio, 1 bathStudio,1BA$1,100
Baynard Apartmentsstudio1BR,1BA$1,100
Greenville Place Apartments1JRDLX1BR,1BA$1,135
Brandywine ApartmentsEfficiency Apartment1BR,1BA$1,150
MKT NorthA11BR,1BA$1,159
Riverfront HeightsCypress1BR,1BA$1,159

Best Value Apartments for Rent in Wilmington, DE

As of January 26, 2026 the best value apartment in the Wilmington area is the $1.25 price per square foot 3x2.5 BE Model at Walden Townhomes in the in the Meadowood neighborhood starting from $2,125. The second greatest value Wilmington apartment is the 2711 W 5th St Model at 2711 W 5th St, Unit 2 starting at $1,550 with a $1.00 price per square foot in the Southbridge neighborhood. Here is today’s list of the best values for Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walden Townhomes3x2.5 BE3BR,2.5BA$1.25
2711 W 5th St, Unit 22711 W 5th St2BR,1BA$1.00
Summit Chase Apartments3 Beds, 2 baths3BR,2BA$1.52
Lighthouse Hill Apartments2 Bedroom2BR,1.5BA$1.50
Courtyard Apartments2 Beds, 1 bath2BR,1BA$1.43
1215 W 7th St, Unit Apartment 11215 W 7th St1BR,1BA$1.28
The Mayfair ApartmentsOne Bedroom1BR,1BA$1.59
The Colony Apartments1 Bedroom 1 Bathroom1BR,1BA$1.41
The RobinsonVerbena2BR,1BA$1.63
1135 Lancaster Ave, Unit B room 21135 Lancaster Ave1BR,1BA$1.25

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Wilmington Overview

Wilmington, Delaware is a beautiful, small-town-feel city right near the big city of Philadelphia. The history is rich, the weather is beautifully temperate, and residents never run out of things to do or entertainment to experience. If you are looking to move to an apartment in a great Delaware city, you may want to check out some of the options for Wilmington apartments at ApartmentHomeLiving.com.

Why live in Wilmington, DE?

Wilmington is home to a great amount of culture, with several parks, museums, and entertainment opportunities. There are also a few colleges that operate in the city, such as the Delaware College of Art & Design, and the Wilmington campus for the University of Delaware. What really makes this city great however, is the close, cozy feel. Many that live in apartments in Wilmington love that they can easily ride their bike to work, walk to the park, or grab a quick bus to anywhere in the city. Residents also claim that the city is great because it is spitting distance from Philly while considerably cleaner and smaller.

Best Local Schools in
Wilmington, DE

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Wilmington Apartments

What is a cheap apartment in Wilmington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wilmington is under $1,159.

What is the price of a cheap apartment in Wilmington?

The cheapest apartment in Wilmington is Greenview at Chestnut Run which is listed at $1,003, while the average apartment in Wilmington costs $2,869.

What types of apartments are the cheapest in Wilmington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 90 regular apartments in Wilmington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Wilmington?

Cheap apartments in Wilmington have an average cost of $189 which is $2,680 cheaper than the average rent for all rentals in Wilmington.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.