Cheap Apartments for Rent in the Mermaid Neighborhood of Wilmington, DE from $1,032 (27 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Greenbank Manor
1 to 2 Bedroom Apartments

Greenbank Manor

221 Greenbank RdWilmington, DE 19808
  • Utilities Included

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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Mermaid, Wilmington, DE Local Guide

Cheapest Available Mermaid Apartments for Rent

 

The cheapest available apartment rental in the Mermaid area of Wilmington, DE is a 1 Bed unit found at The Oakley priced from $1,250. Haverford Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here are the most affordable Mermaid apartments for rent in Wilmington, DE:

Apartment ListingModel NameBed/BathPriced From
The OakleyElm1BR,1BA$1,250
Haverford ApartmentsOne Bedroom1BR,1BA$1,275
Fairway Park Apartments & TownhomesOne Bedroom1BR,1BA$1,297
Foxwood Apartments1BR - 1BTH Renovated1BR,1BA$1,400
Cranston Hall Apartments1bd1BR,1BA$1,450
Abbey Walk ApartmentsThe Oxford - 2 bedroom/1 bath2BR,1BA$1,455
Heritage Court ApartmentsThe Orchard-2 bedroom/1 bath2BR,1BA$1,455
Arundel Apartments HomesCarousel1BR,1BA$1,500
Christiana Pointe Apartments2 BR - 1 BTH2BR,1BA$1,550
The Preserve at Deacon's Walk2D2BR,2BA$1,695

Best Value Apartments for Rent in Mermaid, DE

As of September 12, 2026 the best value apartment in the Mermaid area is the $1.31 price per square foot 3x2.5 B Model at Walden Townhomes in the in the Meadowood neighborhood starting from $2,225. The second greatest value Mermaid apartment is the PC C2DWG Model at The Apartments at Pike Creek starting at $2,190 with a $2.19 price per square foot in the Meadowood neighborhood. Here is today’s list of the best values for Mermaid apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walden Townhomes3x2.5 B3BR,2.5BA$1.31
The Apartments at Pike CreekPC C2DWG2BR,2BA$2.19
The Preserve at Deacon's Walk2D2BR,2BA$1.82
Haverford ApartmentsLrg One Bedroom w/ Den or 2 Bedroom1BR,1BA$1.83
Abbey Walk ApartmentsThe Oxford - 2 bedroom/1 bath2BR,1BA$1.83
Heritage Court ApartmentsThe Orchard-2 bedroom/1 bath2BR,1BA$1.83
Foxwood Apartments1BR - 1BTH Renovated1BR,1BA$2.00
Arundel Apartments HomesCarousel1BR,1BA$2.14
The OakleyWillow1BR,1.5BA$1.87
Fairway Park Apartments & TownhomesOne Bedroom1BR,1BA$2.05

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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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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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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Quick Rent Budget Calculator

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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
Mermaid, Wilmington, DE

Ranked #27

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Mermaid, Wilmington, DE

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Delaware, including Wilmington. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Mermaid Apartments

How much is rent for a Cheap One Bedroom Mermaid Apartment?

The lowest price for a Cheap One Bedroom Mermaid Apartment is $1,250 at The Oakley.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mermaid is starting from $1,325 at The Oakley.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.