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Rental Market Trends in Hanover, MD

What is the average rent in Hanover, MD?

$2,169/month

Average Rent

804 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of July 2025, the average rent in Hanover, MD is $2,169 per month. This is 32% higher than the national average rent price of $1,637/month, making Hanover one of the most expensive cities in the US. When you rent an apartment in Hanover, you can expect to pay about $1,902 per month for a studio, $2,169 for a one-bedroom apartment, and around $2,718 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,284 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,902/month
563 Sq Ft
One Bedroom
$2,169/month
804 Sq Ft
Two Bedroom
$2,718/month
1,183 Sq Ft
Three Bedroom
$3,284/month
1,427 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,083/month
1,136 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,619/month
666 Sq Ft
Three Bedroom
$3,174/month
1,288 Sq Ft
Four Bedroom
$3,311/month
1,886 Sq Ft

How much has average rent changed in Hanover, MD?

In the past year, rent has increased by 2.5%, which averages out to $56 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Hanover, MD
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Hanover, MD
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Hanover?

Based on current rent prices, Dorsey Ridge, Kent Villages of Dorchester and The Enclave Arundel Preserve are the most affordable neighborhoods in Hanover.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Dorsey Ridge
$2,303/month
763 Sq Ft
Kent Villages of Dorchester
$2,359/month
732 Sq Ft
The Enclave Arundel Preserve
$2,777/month
791 Sq Ft
Yorkshire Villages of Dorchester
$2,777/month
791 Sq Ft

What are the most expensive neighborhoods in Hanover?

Based on current rent prices, The Enclave Arundel Preserve, Yorkshire Villages of Dorchester and Kent Villages of Dorchester are the most expensive neighborhoods in Hanover.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Enclave Arundel Preserve
$2,777/month
791 Sq Ft
Yorkshire Villages of Dorchester
$2,777/month
791 Sq Ft
Kent Villages of Dorchester
$2,359/month
732 Sq Ft
Dorsey Ridge
$2,303/month
763 Sq Ft

Which Hanover neighborhoods have the most rentals available?

The neighborhoods in Hanover with the most apartments available are Kent Villages of Dorchester, Dorsey Ridge and The Enclave Arundel Preserve .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Kent Villages of Dorchester
$2,359/month
732 Sq Ft
Dorsey Ridge
$2,303/month
763 Sq Ft
The Enclave Arundel Preserve
$2,777/month
791 Sq Ft
Yorkshire Villages of Dorchester
$2,777/month
791 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Hanover, MD?

Because the average rent in Hanover is $2,169, you’ll want to make about $7,230 per month or $86,760 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Hanover, MD

608 Available Apartments for Rent

Search for Nearby Apartments

How does Hanover, MD compare to other nearby cities and neighborhoods?

Use the tool below to compare Hanover, MD to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Hanover, MD

Apartment Averages

Dorsey Ridge

Hanover, MD

The Enclave Arundel Preserve

Hanover, MD

Studio
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One Bedroom
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-
Two Bedroom
-
-
Three Bedroom
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Search
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Nearby City Rent Trends

  • Elkridge Average Rent
  • Jessup Average Rent
  • Severn Average Rent
  • Linthicum Average Rent
  • Halethorpe Average Rent

Apartment communities in Hanover we think you'll love

Serenity Place at Dorsey Ridge

Serenity Place at Dorsey Ridge

7501 Trafalgar Cir,
Hanover, MD 21076

1-3 Beds | $2,099 - $4,021

Palisades at Arundel Preserve

Palisades at Arundel Preserve

7694 Dorchester Blvd,
Hanover, MD 21076

Studio - 2 Beds | $1,858 - $4,634

The Residences at Arundel Preserve

The Residences at Arundel Preserve

7789 Arundel Mills Blvd,
Hanover, MD 21076

Studio - 2 Beds | $1,866 - $4,078

Paragon At Columbia Overlook

Paragon At Columbia Overlook

8151 Robinson Jefferson Dr,
Elkridge, MD 21075

1-2 Beds | $2,101 - $2,461

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United States Maryland Hanover Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity