Cheap Apartments for Rent in the Mermaid Neighborhood of Wilmington, DE from $1,000 (16 Rentals)

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

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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Greenbank Manor
1 to 2 Bedroom Apartments

Greenbank Manor

221 Greenbank RdWilmington, DE 19808
  • Utilities Included

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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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 Arundel Apartments Homes priced from $1,250. The Oakley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Mermaid apartments for rent in Wilmington, DE:

Apartment ListingModel NameBed/BathPriced From
Arundel Apartments HomesAshland Jr. One Bedroom1BR,1BA$1,250
The OakleyElm1BR,1BA$1,250
Haverford ApartmentsOne Bedroom1BR,1BA$1,275
Arbor Pointe ApartmentsThe Arbor1BR,1BA$1,325
Foxwood Apartments1 BR, 1 BTH DLX (A2)1BR,1BA$1,350

Best Value Apartments for Rent in Mermaid, DE

As of April 29, 2026 the best value apartment in the Mermaid area is the $2.04 price per square foot PC C1W Model at The Apartments at Pike Creek in the in the Meadowood neighborhood starting from $2,035. The second greatest value Mermaid apartment is the Two Bedroom L2 Model at Towers at Greenville starting at $1,995 with a $2.02 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.
The Apartments at Pike CreekPC C1W2BR,2BA$2.04
Towers at GreenvilleTwo Bedroom L22BR,2BA$2.02
The Preserve at Deacon's Walk2D2BR,2BA$1.82
Arbor Pointe ApartmentsThe Arbor1BR,1BA$1.54
Heritage Court ApartmentsThe Orchard-2 bedroom/1 bath2BR,1BA$1.79
Haverford ApartmentsLrg One Bedroom w/ Den or 2 Bedroom1BR,1BA$1.83
Abbey Walk ApartmentsThe Oxford - 2 bedroom/1 bath2BR,1BA$1.80
Foxwood Apartments1 BR, 1 BTH DLX (A2)1BR,1BA$1.73
The OakleyWillow1BR,1.5BA$1.87
Cranston Hall Apartments1bdW/D1BR,1BA$2.38

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
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

What is the price of a cheap apartment in Mermaid?

The cheapest apartment in Mermaid is Arundel Apartments Homes which is listed at $1,250, while the average apartment in Mermaid costs $2,275.

What types of apartments are the cheapest in Mermaid?

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 11 regular apartments in Mermaid that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.