Apartments & Homes for Rent in Greenwood, DE

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What to Know About

Life in Greenwood & Beyond

Greenwood shares many of the great qualities that make Delaware a desirable place to live.

Delaware, known as the "First State," is charming, with stunning beaches, quaint towns, and a rich historical heritage. Take a step back in time and explore the state's vast museums and cultural attractions, like the First State Heritage Park and the Zwaanendael Museum. In addition, the University of Delaware and Delaware State University offer exceptional learning opportunities for those seeking higher education. Delaware's economy thrives on industries like finance, chemical production, and agriculture. These industries play a vital role in driving the state's economy, providing ample job opportunities for residents.

But Delaware is not just about work. It also offers endless opportunities for outdoor recreation, from fishing in the Delaware Bay to hiking in the state parks. You can also explore famous attractions like the Hagley Museum and Library, the Winterthur Museum, and the historic town of Lewes. For those seeking more entertainment and interests, the Delaware Theatre Company, the Delaware Museum of Natural History, and Dewey and Rehoboth beach towns are just a few examples of the many activities available.

Delaware offers beautiful beaches, picturesque towns, rich history, and a unique blend of urban vibrancy and coastal charm, making it a great place to call home.

Rental Market Trends

Greenwood, DE

As of April 2025, Greenwood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Greenwood's average rent is 5.4% ($99) lower than the Delaware average of $1,818 and 4.4% ($80) lower than the U.S. average of $1,799.

Average Rent
$1,719
Monthly ChangeMonth Over Month Change
Increased1.1% ($19)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,518 Increased4.9% ($71) No change
2 Beds $1,719 Increased1.1% ($19) No change
3 Beds $2,075 Increased2% ($40) No change
Nearby Cities Average Rent Avg. Rent vs. GreenwoodAverage Rent vs. Greenwood Avg. Days on MarketAverage Days on Market
Seaford $1,644 Decreased4.4% ($75) 31 days
Milford $1,999 Increased16.3% ($280) 30 days
Georgetown $1,675 Decreased2.6% ($44) 34 days
Milton $1,522 Decreased11.5% ($197) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Greenwood Rental Market FAQs

Explore rental prices, market trends, and availability in Greenwood, DE.

The average rent in Greenwood, DE is $1,719 per month.
Homes in Greenwood typically rent for between $1,063 and $2,698 per month, with an average of $1,719 per month.
In Greenwood, the average rent for a 1-bedroom home is $1,518 per month, for a 2-bedroom home, $1,719 per month, and a 3-bedroom home is $2,075 per month.
The average rent in Greenwood is 4.4% ($80) lower than the national average of $1,799 per month.
The rental market in Greenwood, DE, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Greenwood, DE, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Greenwood, DE.
Based on the current averages, a household would need an annual income of $68,760 to comfortably afford a 2-bedroom home in Greenwood.
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