Serenity Place at Dorsey Ridge
7501 Trafalgar Cir,
Hanover, MD 21076
1-3 Beds | $2,068 - $2,899
Rental Market Trends in Hanover, MD
Updated July 2026
The average rent in Hanover, MD is $2,184/month.
Rent in Hanover is 31% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,184/month
Average Rent
801 Sq Ft
Average Size
+1%
Change / Year
576
Available Apartments
Hanover rent varies by unit size and layout:
- Studio apartments in Hanover average $1,939 per month.
- One-bedroom apartments in Hanover average $2,184 per month.
- Two-bedroom apartments in Hanover average $2,812 per month.
- Three-bedroom apartments in Hanover average $3,030 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hanover, MD?
In the past year, rent has increased by 1%, which averages out to $22 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Hanover, MD
July 2026
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
What salary do I need to live comfortably in Hanover, MD?
Because the average rent in Hanover is $2,184, you’ll want to make about $7,280 per month or $87,360 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.
View the Hanover Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Hanover We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Hanover?
The average rent in Hanover is $2,184 per month, which is 31.3% higher than the national average of $1,663.
What is the average rent for a house in Hanover?
The average rent for a house in Hanover, MD is $3,149 per month.
Are rents going up or down in Hanover?
Rents in Hanover, MD are increasing, with prices up 1.0% year-over-year and $22 more per month.
What rent range is most common in Hanover?
In Hanover, MD, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.