Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, DE from $700 (82 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Wilmington area of Wilmington.

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1135 Lancaster Ave
$875
Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875
1 Bedroom Apartment Available Now

1135 Lancaster Ave

1135 Lancaster AveWilmington, DE 19805
Furnished

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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809 N Van Buren St, Unit 1A
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295
1 Bedroom Apartment Available Now

809 N Van Buren St, Unit 1A

809 N Van Buren StWilmington, DE 19806
Affordability
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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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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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Market Street Village
Studio to 1 Bedroom Apartments

Market Street Village

838 N Market StWilmington, DE 19801
  • Utilities Included
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West Street Apartments
Studio to 2 Bedroom Apartments

West Street Apartments

1601-1615 West StWilmington, DE 19802
  • Utilities Included
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West Quaker Hill
1 to 2 Bedroom Apartments

West Quaker Hill

226 N West StWilmington, DE 19801

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downtown Wilmington, Wilmington, DE Local Guide

Cheapest Available Downtown Wilmington Apartments for Rent

 

The cheapest available apartment rental in the Downtown Wilmington area of Wilmington, DE is a 1 Bed unit found at Birchwood at Rodney Court 62+ Community priced from $1,042. The Rutledge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, DE:

Apartment ListingModel NameBed/BathPriced From
Birchwood at Rodney Court 62+ Community1 BEDROOM1BR,1BA$1,042
The Rutledge Apartments1Bed1BR,1BA$1,100
Baynard ApartmentsEfficiencyStudio,1BA$1,100
Courtyard Apartments1 Bed, 1 Bath1BR,1BA$1,195
800-802 Adams1 Bed, 1 bath1BR,1BA$1,195
Madison Monroe ApartmentsB1BR,1BA$1,200
824 N West St1 Bed, 1 bath1BR,1BA$1,225
West Street Portfolio1 BR 1 Bath1BR,1BA$1,250

Best Value Apartments for Rent in Downtown Wilmington, DE

As of July 15, 2026 the best value apartment in the Downtown Wilmington area is the $1.28 price per square foot 1215 W 7th St Model at 1215 W 7th St, Unit Apartment 1 in the in the Southbridge neighborhood starting from $1,275. The second greatest value Downtown Wilmington apartment is the 2 Bedroom Model at Westview Apartments starting at $1,550 with a $1.55 price per square foot in the Southbridge neighborhood. Here is today’s list of the best values for Downtown Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1215 W 7th St, Unit Apartment 11215 W 7th St1BR,1BA$1.28
Westview Apartments2 Bedroom2BR,1.5BA$1.55
1406 N French St, Unit 1406 N. French Street, APT #11406 N French St1BR,1BA$1.36
507 N Rodney St, Unit Apt #1507 N Rodney St1BR,1BA$1.23
Birchwood at Rodney Court 62+ Community2 BEDROOM2BR,1BA$1.41
The Mayfair ApartmentsOne Bedroom1BR,1BA$1.59
Madison Monroe ApartmentsA2BR,1BA$1.65
824 N West St1 Bed, 1 bath1BR,1BA$1.63
Courtyard Apartments1 Bed, 1 Bath1BR,1BA$1.71
1135 Lancaster Ave1135 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Downtown Wilmington, Wilmington, DE

Ranked #19

Among cities in Delaware for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Downtown Wilmington, Wilmington, and the greater Wilmington area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Wilmington Apartments

What is the Cheapest Studio apartment in Downtown Wilmington?

Currently the most affordable Cheap Studio Apartment in Downtown Wilmington is at Baynard Apartments listed at $1,100.

How much is rent for a Cheap One Bedroom Downtown Wilmington Apartment?

The lowest price for a Cheap One Bedroom Downtown Wilmington Apartment is $1,042 at Birchwood at Rodney Court 62+ Community.

What is the lowest price for a Cheap Two Bedroom Downtown Wilmington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Wilmington is starting from $1,257 at Birchwood at Rodney Court 62+ Community.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.