Elsmere, Delaware Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Elsmere, Delaware rental market.
Elsmere, Delaware
Average Apartment Rent
$1,742
Y-o-Y Change in Average
Apartment Rent
3.8%
As of May 2026
Compared to a year ago, Elsmere, Delaware apartments have recorded a 3.8% rent increase.
Elsmere, Delaware Average apartment rent trend
Elsmere, Delaware Average Apartment Rent
Elsmere, Delaware Apartment rent ranges
At 44.52%, apartments priced $1,500 - $2,000 represent the bulk of Elsmere, Delaware rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.54%.
Elsmere, Delaware Housing tenure**
Renters take up 34% of Elsmere, Delaware real estate, occupying a total of 774 units, while homeowners live in 1,508 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$46,006
Average household size of renter-occupied housing units**
3.2
Rental vacancy rate**
10.5%
Elsmere, Delaware Renter-occupied housing units by no. of bedrooms**
There are 471 rentals in Elsmere, Delaware with 2 beds making up the highest share of the market, at 61%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 21 units. Overall, the median number of rooms in Elsmere, Delaware homes for rent is 4.9.
Elsmere, Delaware Renter-occupied units by age of householder**
Most condos for rent in Elsmere, Delaware are occupied by residents in the 35 - 44 years age group (44%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Elsmere, Delaware Renter-occupied housing units by family type**
Elsmere, Delaware Renter-occupied housing units by the presence of own children**
A total of 536 apartments for rent in Elsmere, Delaware, or 69% of all rentals are family households. Additionally, 53% of rental homes include children under the age of 18 – that’s 412 units. All in all, the median size of a renter-occupied household in Elsmere, Delaware is 3.2.
Elsmere, Delaware Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 32% of the homes for rent in Elsmere, Delaware.
Elsmere, Delaware Renter-occupied units by year structure built**
The highest share of Elsmere, Delaware apartment rentals, namely 35% or 268 units, were Built 1960 - 1969, followed by those Built 1939 or earlier (19%, 147 units), and the ones Built 1950 - 1959 (16%, 124 units).
Elsmere, Delaware Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Elsmere, Delaware renters (52%) moved in 2010 to 2017, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Elsmere, Delaware condos for rent is 2017.
Elsmere, Delaware Renter-occupied housing units by vehicles available**
When it comes to transportation options, 70% of Elsmere, Delaware renters have 1 vehicle available per household, 16% of them have 2 vehicles available, and 8% have 3 or more vehicles available.
Elsmere, Delaware Means of transportation to work of householders living in renter-occupied housing units**
Elsmere, Delaware Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Elsmere, Delaware apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
