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Average Rent in Downtown Wilmington, Wilmington, DE

Home  »  DE  »  Wilmington  »  Downtown Wilmington

Current Versus Historical Downtown Wilmington, Wilmington, DE Rents

Downtown Wilmington rentals average $1,643 for a 1-bedroom rental to $1,973 for a 2-bedroom rental. The median price of all currently available listings is $1,785, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $940 (124.09%) year-over-year from $758 to $1,698. 1-bedroom rentals prices have increased by $544 (43.85%) year-over-year from $1,241 to $1,785. 2-bedroom rentals prices have increased by $124 (7.01%) year-over-year from $1,771 to $1,895. 3-bedroom rentals prices have increased by $101 (8.44%) year-over-year from $1,199 to $1,300. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,590 to $1,590. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 19.12% this month. 1-bedroom rents have gone up by 5.73% this month. 2-bedroom rents have gone down by 2.57% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.28 $1,785 $1,241 (43.85%) $1,147 (55.67%)
2 BR $1.96 $1,895 $1,771 (7.01%) $1,500 (26.33%)

Historical Rents in Downtown Wilmington, Wilmington, DE

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Wilmington

There are a total of 1 cities nearby Downtown Wilmington. The average rent in Downtown Wilmington is currently $1,600 per month. Only one city nearby has an average rent lower than that. Our records show that Wilmington, DE, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near Downtown Wilmington, Wilmington, DE is Wilmington, DE. Monthly rents here are on average $1,600 per month.

Let's compare Downtown Wilmington, Wilmington, DE's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Wilmington, Wilmington, DE is inf% more affordable than other cities nearby. One bedrooms are about 2.59% more expensive. Two bedrooms in Downtown Wilmington, Wilmington, DE are about 6.46% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 1 cities near Downtown Wilmington, Wilmington, DE in the following chart.
City Studio 1 Bed 2 Bed All
Wilmington, DE $1,045 $1,600 $1,845 $1,600

Top Neighborhoods Near Downtown Wilmington



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Downtown Wilmington



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Downtown Wilmington



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Downtown Wilmington Average Rents

What is the average rent price in Downtown Wilmington, Wilmington, DE?
The average monthly rental price for Downtown Wilmington, Wilmington, DE apartments for rent is approximately $1,785. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Wilmington, Wilmington, DE rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown Wilmington, Wilmington, DE.
How much is a studio apartment in Downtown Wilmington, Wilmington, DE?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Downtown Wilmington.
How much is a one bedroom apartment in Downtown Wilmington, Wilmington, DE?
The average monthly rental price for one bedroom apartments is $1,643 and an average price per square feet of $2.28. There are a total of 8 one bedroom apartment listings currently available for rent in Downtown Wilmington.
How much is a two bedroom apartment in Downtown Wilmington, Wilmington, DE?
The average monthly rental price for two bedroom apartments is $1,973 and an average price per square feet of $1.96. There are a total of 6 two bedroom apartment listings currently available for rent in Downtown Wilmington.
How have rent prices in Downtown Wilmington, Wilmington, DE changed this year?
Rent prices for rentals in Downtown Wilmington, Wilmington, DE can fluctuate yearly. Specifically, studio rental prices have changed by 1.24%, one bedroom rental prices have changed by 0.44%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.08% year-over-year.
What is a reasonable rent price in Downtown Wilmington, Wilmington, DE?
A reasonable rent price in Downtown Wilmington, Wilmington, DE is around $1,428/month. You can search for these reasonably priced rental listings on RentHop.
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