Rent in Delaware
The median 2-bedroom Fair Market Rent in Delaware is $1,810/mo, ranking #10 out of 51 states for highest rent. This is $560 above the national median of $1,250/mo. Delaware has a population of 1.0M. About 27.7% of households rent their homes. Fair Market Rent data covers 2 areas across the state.
Highlights
All 2 Areas in Delaware
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington Pop. 6.2M | $1,397 | $1,520 | $1,810 | $2,170 | 24.3% | +4.2% |
| Dover Pop. 185K | $1,158 | $1,165 | $1,470 | $2,044 | 24.2% | +7.5% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Delaware is $1,810 per month. Rents range from $1,470/mo in Dover to $1,810/mo in Philadelphia-Camden-Wilmington. The actual median gross rent statewide is $1,341/mo according to Census data.
Delaware ranks #10 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,810/mo is $560 above the national median of $1,250/mo.
The average rent burden across Delaware is 24.3%, meaning a typical household would spend 24.3% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $82,855.
The most affordable area in Delaware is Dover with a 2-bedroom Fair Market Rent of $1,470/mo. The median household income there is $72,872.
The most expensive area in Delaware is Philadelphia-Camden-Wilmington with a 2-bedroom Fair Market Rent of $1,810/mo. The median household income there is $89,273.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.