Hanover renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Hanover is about $2,257 per month. This puts it in the 90th percentile compared to the state average cost of rent, which is $1,788. Households in Hanover have a median income of $10,014 per month so the average renter in Hanover is spending roughly 23% of their earnings on housing.
Nationally, and in Hanover, home values are the data point most closely correlated with the cost of rent. The median price of a home in Hanover is $592,875 right now, which is higher than cities nearby, meaning that rents in Hanover also tend to be higher versus these nearby cities.
Higher rent prices are common in the eastern parts of Hanover while lower rent rates are often available in western areas.
Nearby Cities
- Harmans, MD: more expensive rent prices
- Severn, MD: less expensive rent prices
- Elkridge, MD: less expensive rent prices
- Fort Meade, MD: less expensive rent prices
- Jessup, MD: less expensive rent prices
- Linthicum Heights, MD: less expensive rent prices
- Ilchester, MD: more expensive rent prices
- Linthicum, MD: less expensive rent prices
- Ferndale, MD: less expensive rent prices
- Savage, MD: less expensive rent prices
Cities with Similar Populations
- Berkley, MI: less expensive rent prices
- Duxbury, MA: more expensive rent prices
- Huntingdon, PA: less expensive rent prices
- La Grande, OR: less expensive rent prices
- Rio Linda, CA: less expensive rent prices
- Huntingtown, MD: more expensive rent prices
- Mastic, NY: less expensive rent prices
- Wapakoneta, OH: less expensive rent prices
- Spring Creek, NV: less expensive rent prices
- Pontotoc, MS: less expensive rent prices
All Local Stats
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