
Cheap Homes for Rent in The Flats Neighborhood of Wilmington, DE from $800 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the The Flats area of Wilmington.


1510 W 14th St

731 W 4th St, Unit A

604 W 20th St

422 E 4th St
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.

314 Concord Ave

231 5th Ave

8 S Dupont St

201 E 13th St

225 W 4th St, Unit 1
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.

1124 N Walnut St

6 W 20th St

606 S Claymont St

1803 W 4th St

304 Porter St
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.
The Flats, Wilmington, DE Local Guide

How much does it cost to rent a home in The Flats?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Flats 2 Bedroom Homes for Rent | $1,761 | $1,295 | $3,000 |
| The Flats 3 Bedroom Homes for Rent | $2,086 | $1,585 | $4,500 |
| The Flats 4 Bedroom Homes for Rent | $2,298 | $1,995 | $2,900 |
| The Flats 5 Bedroom Homes for Rent | $2,050 | $2,050 | $2,050 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the The Flats Neighborhood of Wilmington, DE.
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The Flats, Wilmington, DE Local Guide
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Cheapest Available The Flats Apartments for Rent
 The cheapest available apartment rental in the The Flats area of Wilmington, DE is a Studio unit found at Colonial Court priced from $1,100. 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 The Flats apartments for rent in Wilmington, DE:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Court | Studio, 1 bath | Studio,1BA | $1,100 |
| The Rutledge Apartments | 1Bed | 1BR,1BA | $1,100 |
| Baynard Apartments | Efficiency | Studio,1BA | $1,100 |
| Greenville Place Apartments | 1JRDLX | 1BR,1BA | $1,135 |
| The Robinson | Verbena | 2BR,1BA | $1,185 |
Best Value Apartments for Rent in The Flats, DE
As of April 24, 2026 the best value apartment in the The Flats area is the $1.56 price per square foot PENT Model at Wawaset Park Associates LLC in the in the Southbridge neighborhood starting from $2,500. The second greatest value The Flats apartment is the 1215 W 7th St Model at 1215 W 7th St, Unit Apartment 1 starting at $1,275 with a $1.28 price per square foot in the Southbridge neighborhood. Here is today’s list of the best values for The Flats apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wawaset Park Associates LLC | PENT | 2BR,2BA | $1.56 |
| 1215 W 7th St, Unit Apartment 1 | 1215 W 7th St | 1BR,1BA | $1.28 |
| Westview Apartments | 2 Bedroom | 2BR,1.5BA | $1.55 |
| Riverfront Heights | Seneca | 2BR,2BA | $1.55 |
| 2305 N Monroe St, Unit 1 | 2305 N Monroe St | 1BR,1BA | $1.68 |
| The Mayfair Apartments | One Bedroom | 1BR,1BA | $1.59 |
| The Robinson | Verbena | 2BR,1BA | $1.56 |
| 824 N West St | 1 Bed, 1 bath | 1BR,1BA | $1.63 |
| 1135 Lancaster Ave | 1135 Lancaster Ave | 1BR,1BA | $1.25 |
| 603 N Market St, Unit 301 | 603 N Market St | Studio ,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleThe Flats, Wilmington, DE
Ranked #9
Among cities in Delaware for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in The Flats, Wilmington, DE
Highlands Elementary School
duPont (Alexis I.) High School
School data provided by Great Schools
Frequently Asked Questions about The Flats
What type of rentals are currently available in The Flats?
There are currently 283 Apartments for Rent in The Flats, DE with pricing that ranges from $583 to $5,694. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Flats ranging from $870 to $4,500.
What is the current price range for Rental Homes in The Flats?
Today's rental pricing for Homes for Rent, Condos and Townhomes in The Flats ranges from $870 to $4,500 with an average monthly rent of $1,863.
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

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.

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.

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.

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.