Average Rent in Wilmington, DE

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Current Versus Historical Wilmington, DE Rents

Wilmington rentals average $1,400 for a 1-bedroom rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $1 per square feet.
For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have decreased by $273 (-21.05%) year-over-year from $1,298 to $1,025. 1-bedroom rentals prices have increased by $122 (8.75%) year-over-year from $1,391 to $1,513. 2-bedroom rentals prices have increased by $185 (12.42%) year-over-year from $1,490 to $1,675. 3-bedroom rentals prices have increased by $258 (15.74%) year-over-year from $1,642 to $1,900. 4-bedroom rentals prices have increased by $71 (2.92%) year-over-year from $2,429 to $2,500. 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 1.60% this month. 1-bedroom rents have gone up by 10.07% this month. 2-bedroom rents have gone down by 3.27% this month. 3-bedroom rents have gone up by 3.64% this month. 4-bedroom rents have gone down by 2.60% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.72 $1,513 $1,391 (8.75%) $1,089 (38.87%)
2 BR $1.47 $1,675 $1,490 (12.42%) $1,230 (36.18%)
3 BR $1.35 $1,900 $1,642 (15.74%) $1,268 (49.90%)
4+ BR $1.47 $2,500 $2,429 (2.92%) $1,561 (60.16%)

Historical Rents in Wilmington, DE

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Wilmington



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Top Neighborhoods Near Wilmington



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Top Counties Near Wilmington



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Top Zipcodes Near Wilmington



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Frequently Asked Questions - Wilmington Average Rents

What is the average rent price in Wilmington, DE?
The average monthly rental price for Wilmington, DE apartments for rent is approximately $1,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Wilmington, DE.
How much is a studio apartment in 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 Wilmington.
How much is a one bedroom apartment in Wilmington, DE?
The average monthly rental price for one bedroom apartments is $1,400 and an average price per square feet of $1.72. There are a total of 23 one bedroom apartment listings currently available for rent in Wilmington.
How much is a two bedroom apartment in Wilmington, DE?
The average monthly rental price for two bedroom apartments is $1,600 and an average price per square feet of $1.47. There are a total of 33 two bedroom apartment listings currently available for rent in Wilmington.
How have rent prices in Wilmington, DE changed this year?
Rent prices for rentals in Wilmington, DE can fluctuate yearly. Specifically, studio rental prices have changed by -0.21%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.16% year-over-year.
What is a reasonable rent price in Wilmington, DE?
A reasonable rent price in Wilmington, DE is around $1,280/month. You can search for these reasonably priced rental listings on RentHop.
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