Palisades at Arundel Preserve
7694 Dorchester Blvd,
Hanover, MD 21076
Studio - 2 Beds | $1,873 - $4,644
Rental Market Trends in Hanover, MD
What is the average rent in Hanover, MD?
$2,171/month
Average Rent
804 Sq Ft
Average Apartment Size
+2.6%
Increase in the Last Year
As of July 2025, the average rent in Hanover, MD is $2,171 per month. This is 33% 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 $1,903 per month for a studio, $2,171 for a one-bedroom apartment, and around $2,649 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,292 or more.
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How much has average rent changed in Hanover, MD?
In the past year, rent has increased by 2.6%, which averages out to $58 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
Rent Ranges in Hanover, MD
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
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
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.
Neighborhood
Average Rent
Average 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.
Neighborhood
Average Rent
Average 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 .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hanover, MD?
Because the average rent in Hanover is $2,171, you’ll want to make about $7,236 per month or $86,832 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.
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.
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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.