Elsmere, DE Rental Market Trends
Highlights
The average rent for an apartment in Elsmere is $975, a 3% increase compared to the previous year, when the average rent was $944.
Average Rent in Elsmere, DE
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $975 | 3% | 783 sq. ft. |
The average size for a Elsmere, DE apartment is 783 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Elsmere, DE Apartment Rent Ranges
- $701-$1,00055%
- $1,001-$1,50045%
Elsmere, DE Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
956 or 40% of the households in Elsmere, DE are renter-occupied while 1,391 or 59% are owner-occupied.
Elsmere, DE Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Elsmere, DE | $880 | $896 | $903 | $909 | $924 | $924 | $944 | $954 | $951 | $975 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Elsmere Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Bear | $1,450 | 4% |
| Wilmington | $1,170 | 3% |
| Newark | $1,213 | n/a |
| New Castle | $1,071 | 4% |
| Claymont | $1,159 | 9% |
| Brookside | $1,042 | 4% |
| Edgemoor | $1,196 | 2% |
| New Castle City | $1,071 | 4% |
| Wilmington City | $1,169 | 4% |
| Elsmere | $975 | 3% |
For more information about the Elsmere rental trends, check out our monthly rent report
Check out Delaware Cities, Delaware Neighborhoods and Delaware Zip Codes for more details on verified listings, including the Delaware Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!