Rental Market Trends in Hanover, ON

What is the average rent in Hanover, ON?

$1,613/month

Average Rent

646 Sq Ft

Average Apartment Size

+7%

Increase in the Last Year

As of April 2026, the average rent in Hanover, ON was $1,613/month. When you rent an apartment in Hanover, you can expect to pay as little as to as much as , depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

$1,613/month

646 Sq Ft

Two Bedroom

$1,716/month

793 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Hanover, ON?

In the past year, rent has increased by 7%, which averages out to $113 more per month.

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 $1,613, you’ll want to make about $5,376 per month or $64,512 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 neighborhoods?

Use the tool below to compare Hanover, ON 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.

Apartment Averages

Apartment communities in Hanover we think you'll love

Riverside Towers

472 6th Ave,
Hanover, ON N4N 2G5

$1,599

1 Bed

11th Avenue Apartments

158-164 11th Ave,
Hanover, ON N4N 2R1

$1,610 - $1,715

1-2 Beds

604 Queen St S

604 Queen St S,
Paisley, ON N0G 2N0

$4,900

2 Beds

187 Balaklava St

187 Balaklava St,
Paisley, ON N0G 2N0

$2,150

2 Beds

Canada Ontario Hanover Rental Trends

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.