At $2,888/mo, rent takes about 48% of the US median household income, well above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,888 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
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At $2,888/mo, how Hanover rent compares to typical pay (30% rule).
Hanover rent by bedroom count
Median rent for each apartment size in Hanover. Click any size for full breakdown.
Tips for renters in Hanover
Last updated: October 17, 2026
The median rent in Hanover is $2,888/mo as of October 2026. A studio apartment averages $2,000/mo while a 2-bedroom runs $2,550/mo. One-bedroom apartments average $2,140/mo and 3-bedroom units go for $3,080/mo.
At 48% of estimated US median household income ($72,000/yr), Hanover ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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At $2,888/mo, rent takes ~48% of US median household income ($72,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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