Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, DE from $500 (79 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
$850 - $875
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $875
Total Monthly Price
$850 - $875
1 Bedroom Apartment Available Now

1135 Lancaster Ave

1135 Lancaster AveWilmington, DE 19805
Furnished

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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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property at 1412 Delaware Ave

$1,325 - $1,825

Studio To 1 Bedroom Rentals

Available Now

1412 Delaware Ave

WilmingtonDE19806

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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property at 101 E 35th St

$1,395 - $1,895

1 To 2 Bedroom Rentals

Available May 1

101 E 35th St

WilmingtonDE19802
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102 W 30th St
$1,400 - $1,710
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $1,710
Total Monthly Price
$1,400 - $1,710
2 to 3 Bedroom Apartment Available Now

102 W 30th St

102 W 30th StWilmington, DE 19802
Cost Per Sq.Ft.
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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

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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 The Rutledge Apartments priced from $1,100. Baynard Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, DE:

Apartment ListingModel NameBed/BathPriced From
The Rutledge Apartments1Bed1BR,1BA$1,100
Baynard ApartmentsEfficiencyStudio,1BA$1,100
Courtyard Apartments1 Bed, 1 Bath1BR,1BA$1,195
Madison Monroe ApartmentsB1BR,1BA$1,200
824 N West St1 Bed, 1 bath1BR,1BA$1,225
The Lucania1 Bed 1 Bath1BR,1BA$1,225
2600 N Jefferson St1 Bed, 1 Bath1BR,1BA$1,250
The Lofts at 2nd and LOMAStudio Apt 233Studio,1BA$1,275

Best Value Apartments for Rent in Downtown Wilmington, DE

As of April 15, 2026 the best value apartment in the Downtown Wilmington area is the $1.42 price per square foot 1403 N Scott St Model at 1403 N Scott St, Unit A in the in the The Flats neighborhood starting from $1,700. 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.
1403 N Scott St, Unit A1403 N Scott St2BR,1BA$1.42
Westview Apartments2 Bedroom2BR,1.5BA$1.55
1215 W 7th St, Unit Apartment 11215 W 7th St1BR,1BA$1.28
2305 N Monroe St, Unit 12305 N Monroe St1BR,1BA$1.68
102 W 30th St102 W 30th St2BR,1BA$1.51
835-839 N Tatnall St1 Bedroom | 1.5 Baths1BR,1.5BA$1.71
Madison Monroe ApartmentsA2BR,1BA$1.65
824 N West St1 Bed, 1 bath1BR,1BA$1.63
1135 Lancaster Ave1135 Lancaster Ave1BR,1BA$1.25
603 N Market St, Unit 301603 N Market StStudio ,1BA$1.65

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Downtown Wilmington, Wilmington, DE

Ranked #23

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 $1,100 at The Rutledge Apartments.

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 $1,400 at The Rutledge Apartments.

What is the most affordable Downtown Wilmington Three Bedroom Apartment?

The best deal on a cheap Downtown Wilmington Three Bedroom Apartment rental is at 801 N Market Street and starts from $3,358.

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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.