Cheap Homes for Rent in The Flats Neighborhood of Wilmington, DE from $800 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the The Flats 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.

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.

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

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 ListingModel NameBed/BathPriced From
Colonial CourtStudio, 1 bathStudio,1BA$1,100
The Rutledge Apartments1Bed1BR,1BA$1,100
Baynard ApartmentsEfficiencyStudio,1BA$1,100
Greenville Place Apartments1JRDLX1BR,1BA$1,135
The RobinsonVerbena2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wawaset Park Associates LLCPENT2BR,2BA$1.56
1215 W 7th St, Unit Apartment 11215 W 7th St1BR,1BA$1.28
Westview Apartments2 Bedroom2BR,1.5BA$1.55
Riverfront HeightsSeneca2BR,2BA$1.55
2305 N Monroe St, Unit 12305 N Monroe St1BR,1BA$1.68
The Mayfair ApartmentsOne Bedroom1BR,1BA$1.59
The RobinsonVerbena2BR,1BA$1.56
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
The Flats, Wilmington, DE

Ranked #9

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

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

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.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.