Wilmington, 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 Wilmington, Delaware rental market.
Wilmington, 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, Wilmington, Delaware apartments have recorded a 3.8% rent increase.
Wilmington, Delaware Average apartment rent trend
Wilmington, Delaware Average Apartment Rent
Wilmington, Delaware Apartment rent ranges
At 44.52%, apartments priced $1,500 - $2,000 represent the bulk of Wilmington, Delaware rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.54%.
Wilmington, Delaware Housing tenure**
Renters take up 55% of Wilmington, Delaware real estate, occupying a total of 17,365 units, while homeowners live in 14,285 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$34,408
Average household size of renter-occupied housing units**
2.03
Rental vacancy rate**
5.7%
Wilmington, Delaware Renter-occupied housing units by no. of bedrooms**
There are 5,610 rentals in Wilmington, Delaware with 1 bed making up the highest share of the market, at 32%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 141 units. Overall, the median number of rooms in Wilmington, Delaware homes for rent is 4.1.
Wilmington, Delaware Renter-occupied units by age of householder**
Most condos for rent in Wilmington, Delaware are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Wilmington, Delaware Renter-occupied housing units by family type**
Wilmington, Delaware Renter-occupied housing units by the presence of own children**
A total of 6,524 apartments for rent in Wilmington, Delaware, or 38% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 4,167 units. All in all, the median size of a renter-occupied household in Wilmington, Delaware is 2.03.
Wilmington, Delaware Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Wilmington, Delaware.
Wilmington, Delaware Renter-occupied units by year structure built**
The highest share of Wilmington, Delaware apartment rentals, namely 35% or 6,137 units, were Built 1939 or earlier, followed by those Built 1940 - 1949 (13%, 2,325 units), and the ones Built 1950 - 1959 (12%, 2,106 units).
Wilmington, Delaware Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Wilmington, Delaware renters (51%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Wilmington, Delaware condos for rent is 2016.
Wilmington, Delaware Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Wilmington, Delaware renters have 1 vehicle available per household, 33% of them have No vehicle available, and 15% have 2 vehicles available.
Wilmington, Delaware Means of transportation to work of householders living in renter-occupied housing units**
Wilmington, 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 Wilmington, 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
