$2,650 Per Month
- 3 Beds
- 2 Baths
- 1,600 Sq Ft
- Townhouse for Rent
13 Arbutus Ave Unit 1, New Castle, DE 19720
13 Arbutus Ave Unit 1, New Castle, DE 19720
Frequently Asked Questions
How much does it cost to rent a townhouse in New Castle, DE?
The median rent for a townhouse in New Castle, DE is $1,600 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in New Castle, DE?
To comfortably afford the median rent in New Castle, DE, a household needs to earn roughly $66,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,650 per month in New Castle, DE, renters typically need to show $4,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New Castle, DE?
In New Castle, DE, the price-to-rent ratio is 16.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in New Castle, DE are best for renting a townhouse?
The best neighborhood for renting in New Castle, DE depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Hedgeville, Downtown Wilmington, Little Italy, Baynard Village and Northwest Wilmington, each with its own character and price range.
