Apartments for Rent in Downtown Wilmington, Wilmington, DE

Downtown Wilmington, Wilmington apartment availability

Downtown Wilmington's rental market offers a very strong selection of listings, with an average of 184 rentals available each month in 2024. The majority of rentals are 1-bedroom apartments, followed by 2-bedroom and studio apartments. Many of these apartments offer popular amenities, including fitness centers, which are available in over 90% of rentals. Additionally, the neighborhood is highly pet-friendly, with over 90% of apartments allowing small pets or having pet-friendly policies with some restrictions. This makes Downtown Wilmington an attractive option for renters who value convenience, amenities, and a welcoming environment for their pets.

Downtown Wilmington, Wilmington rental market trends

Downtown Wilmington's rental market experienced a modest year-over-year increase of 0.56% in 2024, with the average monthly rent for all bed types and properties reaching $1,807. 1-bedrooms averaged $1,767 per month, a slight decrease of 0.15% from the previous year. In contrast, 2-bedrooms saw a 0.31% increase to $2,273, while studios rose by 2.69% to $1,550. The average rent for 3-bedrooms, however, decreased by 5.02% to $3,526.

The summer months tend to see the highest demand and prices in Downtown Wilmington, with June typically having the highest rent, 10.97% higher than January. If you're looking for a new apartment, be prepared for more competition during the summer. Conversely, searching for an apartment in the winter may result in lower prices, with January being the cheapest month. Keep in mind that the rental market can fluctuate, and prices may vary depending on the time of year and availability.

Why Downtown Wilmington, Wilmington is a great place to live

Downtown Wilmington is a top choice for renters prioritizing environmental sustainability and social living. The neighborhood's focus on eco-friendliness is reflected in its use of non-toxic paint, rainwater harvesting, and community solar projects in many of its apartments. Additionally, its high walk score and transit score make it easy to get around without a car, reducing carbon footprint. Downtown Wilmington is also ideal for those who value social connections, with its shared spaces, safe streets, and frequent transit options, making it simple to meet up with friends or explore the area. Overall, Downtown Wilmington offers a unique blend of sustainability and social opportunities, making it an attractive option for like-minded renters.