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Rental Market Trends in Hanover Park, IL

Updated July 2026

The average rent in Hanover Park, IL is $1,335/month.

Rent in Hanover Park is 20% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,335/month

Average Rent

640 Sq Ft

Average Size

-0.8%

Change / Year

79

Available Apartments

Hanover Park rent varies by unit size and layout:

  • Studio apartments in Hanover Park average per month.
  • One-bedroom apartments in Hanover Park average $1,335 per month.
  • Two-bedroom apartments in Hanover Park average $1,393 per month.
  • Three-bedroom apartments in Hanover Park average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,335/month
640 Sq Ft
Two Bedroom
$1,393/month
824 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,211/month
842 Sq Ft
Three Bedroom
$2,959/month
1,182 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,178/month
1,090 Sq Ft
Three Bedroom
$2,519/month
820 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,330/month
923 Sq Ft
Three Bedroom
$2,637/month
1,444 Sq Ft
View Hanover Park Apartments

How much has average rent changed in Hanover Park, IL?

In the past year, rent has decreased by 0.8%, which averages out to $10 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Hanover Park, IL

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Hanover Park, IL
Percentage*
Rent Range
0% Below $700/month
25% $700 - $1,000/month
50% $1,001 - $1,500/month
25% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Hanover Park is $1,335, you’ll want to make about $4,450 per month or $53,400 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 Park, IL

79 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Hanover Park, IL 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 Park Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Bartlett

    Bartlett

  • Schaumburg

    Schaumburg

Apartment Communities in Hanover Park We Think You'll Love

Hanover Park Blu Apartments

Hanover Park Blu Apartments

2300 Glendale Ter,
Hanover Park, IL 60133

1-2 Beds | $1,400

Westline

Westline

1700 Ontarioville Rd,
Hanover Park, IL 60133

2 Beds | $1,645

Bartlett Court Apartments

Bartlett Court Apartments

5021 Valley Ln,
Streamwood, IL 60107

Studio - 2 Beds | $1,585 - $2,155

Savannah Trace Apartments

Savannah Trace Apartments

1421 Carolina Ct,
Schaumburg, IL 60193

1-2 Beds | $1,851 - $2,545

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Frequently Asked Questions

What is the average rent in Hanover Park?

The average rent in Hanover Park is $1,335 per month, which is 19.7% lower than the national average of $1,663.

What is the average rent for a house in Hanover Park?

The average rent for a house in Hanover Park, IL is $2,959 per month.

What is the average rent for a townhome in Hanover Park?

The average rent for a townhome in Hanover Park, IL is $2,330 per month.

Are rents going up or down in Hanover Park?

Rents in Hanover Park, IL are decreasing, with prices down 0.8% year-over-year and $10 less per month.

What rent range is most common in Hanover Park?

In Hanover Park, IL, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Illinois Hanover Park 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 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity