Find Homes & Apartments for Rent in Hanover, MD

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What to Know About

Life in Hanover & Beyond

Hanover shares many of the great qualities that make Maryland a desirable place to live.

Maryland, known as the "Old Line State," is a unique blend of historic charm and stunning scenery. With a rich colonial heritage and breathtaking landscapes, Maryland is a feast for the senses. Explore iconic landmarks such as the Chesapeake Bay and the Inner Harbor, the historic city of Annapolis, and historic sites like Fort McHenry, the birthplace of the American National Anthem. Major universities in the state include the University of Maryland, Johns Hopkins University, and Towson University, providing a solid educational foundation for students.

The state is also home to the Baltimore Ravens (NFL) and Baltimore Orioles (MLB), providing ample opportunities for sports enthusiasts. In addition, adventurers can enjoy outdoor recreational activities, including boating on the Chesapeake Bay, fishing, and hiking in parks like Assateague Island National Seashore and Patapsco Valley State Park. In addition, explore famous attractions like the National Aquarium, Oriole Park at Camden Yards, Pimlico Race Course, and the Maryland Science Center.

From the Chesapeake Bay to the Appalachian Mountains, Maryland has something for everyone to enjoy, and the state's strong economy and high quality of life make it an ideal place to call home.

Rental Market Trends

Hanover, MD

As of March 2025, Hanover's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hanover's average rent is 36.4% ($682) higher than the Maryland average of $1,874 and 43.0% ($768) higher than the U.S. average of $1,788.

Average Rent
$2,556
Monthly ChangeMonth Over Month Change
Increased2.6% ($65)
Yearly ChangeYear Over Year Change
Increased4.9% ($119)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,125 Increased1.9% ($39) Increased2.8% ($58)
2 Beds $2,561 Decreased1.9% ($50) Increased10.4% ($242)
3 Beds $3,254 Decreased0.2% ($5) Increased7.8% ($235)
Nearby Cities Average Rent Avg. Rent vs. HanoverAverage Rent vs. Hanover Avg. Days on MarketAverage Days on Market
Elkridge $1,892 Decreased26% ($664) 27 days
Linthicum Heights $1,936 Decreased24.3% ($620) 24 days
Jessup $2,276 Decreased11% ($280) 30 days
Severn $2,060 Decreased19.4% ($496) 28 days
Halethorpe $1,601 Decreased37.4% ($955) 24 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hanover Rental Market FAQs

Explore rental prices, market trends, and availability in Hanover, MD.

The average rent in Hanover, MD is $2,556 per month.
Homes in Hanover typically rent for between $1,488 and $4,230 per month, with an average of $2,556 per month.
In Hanover, the average rent for a 1-bedroom home is $2,125 per month, for a 2-bedroom home, $2,561 per month, and a 3-bedroom home is $3,254 per month.
The average rent in Hanover is 43% ($768) higher than the national average of $1,788 per month.
The average rent in Hanover has increased by 2.6% ($65) in the last month and increased by 4.9% ($119) over the past year.
The rental market in Hanover, MD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Hanover, MD, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 15 rental properties available in Hanover, MD.
Based on the current averages, a household would need an annual income of $102,440 to comfortably afford a 2-bedroom home in Hanover.
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