Rents are 9% below what Hanover's 10-year trend predicts — a better deal than its own history suggests.
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 $2,669 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
What the numbers show
December. Asking rents in Hanover usually run 2% below trend in December and 1.9% above it in June, about $104 a month apart at today's median. Based on 5 years of data.
Rent in Hanover is at its highest level since Zillow's records here began in January 2019.
Rent in Hanover changed +2.1% over the year to September 2026. Across the 81 Maryland cities Zillow tracks, the typical change was +2.4%.
Rent in Hanover is 38.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 9 of the last 12 months.
Elkridge, 3 miles away, rents for 11% less ($2,379/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Hanover. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.
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How Hanover, MD has changed in 5 years
Five years ago, renters in Hanover, MD paid around $2,129 a month. That figure now sits near $2,669, up 25.4% from the 2021 baseline. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Hanover, MD market of 2021.
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At $2,669/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 $2,669/mo as of October 2026. A studio apartment averages $2,050/mo while a 2-bedroom runs $2,860/mo. One-bedroom apartments average $2,340/mo and 3-bedroom units go for $3,680/mo.
At 44% of estimated US median household income ($72,000/yr), Hanover ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.
Frequently asked questions
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At $2,669/mo, rent takes ~44% 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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