A large equestrian statue of Rodney by James E. Kelly formerly stood in the front of the square until it was removed in 2020.

The square was created in the early 20th century by John Jacob Raskob, who worked for Pierre S. du Pont.

[7] From 1992 to December 2017, Rodney Square served as the main hub for DART First State buses in Wilmington.

The decision to eliminate the hub was made in order to reduce congestion and overcrowding at Rodney Square.

This action resulted in many riders having to walk multiple blocks to make transfers, and many of the new bus stops do not have shelters or benches.