Cheap Apartments for Rent in the Mermaid Neighborhood of Wilmington, DE from $1,000 (29 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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Greenbank Manor
1 to 2 Bedroom Apartments

Greenbank Manor

221 Greenbank RdWilmington, DE 19808
  • Utilities Included

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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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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Showing Results 1-29, Page 1 of 1

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
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
Arbor Pointe ApartmentsThe Cypress2BR,2BA$1,477
The Preserve at Deacon's Walk1D1BR,1BA$1,595
Towers at GreenvilleOne Bedroom Large1BR,1BA$1,750

Best Value Apartments for Rent in Mermaid, DE

As of July 29, 2026 the best value apartment in the Mermaid area is the $1.48 price per square foot The Cypress Model at Arbor Pointe Apartments in the in the Meadowood neighborhood starting from $1,477. The second greatest value Mermaid apartment is the 1D Model at The Preserve at Deacon's Walk starting at $1,595 with a $1.92 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.
Arbor Pointe ApartmentsThe Cypress2BR,2BA$1.48
The Preserve at Deacon's Walk1D1BR,1BA$1.92
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
Towers at GreenvilleOne Bedroom Large1BR,1BA$2.26
The OakleyWillow1BR,1.5BA$1.87
Cranston Hall Apartments1bdW/D1BR,1BA$2.38

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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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 #29

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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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.