223 10th St
223 10th St,
Hanover, ON N4N 1P2
2 Beds | $1,999
Rental Market Trends in Hanover, ON
Updated August 2026
The average rent in Hanover, ON is $1,628/month.
$1,628/month
Average Rent
646 Sq Ft
Average Size
+7.7%
Change / Year
12
Available Apartments
Hanover rent varies by unit size and layout:
- Studio apartments in Hanover average per month.
- One-bedroom apartments in Hanover average $1,628 per month.
- Two-bedroom apartments in Hanover average $1,785 per month.
- Three-bedroom apartments in Hanover average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hanover, ON?
In the past year, rent has increased by 7.7%, which averages out to $126 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Hanover, ON
August 2026
$1,501 - $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
100%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Hanover, ON?
Because the average rent in Hanover is $1,628, you’ll want to make about $5,426 per month or $65,112 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, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Hanover, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
Compare 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
Frequently Asked Questions
What is the average rent in Hanover?
The average rent in Hanover is $1,628 per month, which is 8.0% lower than the national average of $1,770.
Are rents going up or down in Hanover?
Rents in Hanover, ON are increasing, with prices up 7.7% year-over-year and $126 more per month.
What rent range is most common in Hanover?
In Hanover, ON, 100% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† 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.
* Percentages may not total 100 due to rounding.