RentDataNowRentDataNow
City Report · MD

Hanover

·10th most expensive in Maryland·Hanover rents are up 17.8% over the past year
Median rent (all units)
$2,744/mo
Year-over-Year
+17.8%
Month-over-Month
+2.9%
vs US Median
+$782
Rising (Monthly)
Be the first to discuss Hanover rents ↓
Most AffordableMost Expensive
Hanover · $2,744
More expensive than 85% of US cities · National median $1,962/mo
Rent Reality Score
38/100
Overpriced
OverheatedFairGreat value

Rents are 6% above what Hanover's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,744/mo
Expected by trend
$2,590/mo
The Rent Reality Score compares today's median rent to where Hanover's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,050
1 BR
$2,340
2 BR
$2,860
3 BR
$3,680
4 BR+
$4,110
Fair Market Rent (HUD)
$2,860/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,744 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost
$32,928/yr
At $2,744/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.8% YoY, +2.9% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

2021 vs 2026

How Hanover, MD has changed in 5 years

Rent
$1,932 → $2,744
up 42.0%

Five years ago, renters in Hanover, MD paid around $1,932 a month. That figure now sits near $2,744, up 42.0% 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.

Community

Discussions about Hanover

No discussions yet. Start the conversation.

View Hanover rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hanover on your salary?

At $2,744/mo, how Hanover rent compares to typical pay (30% rule).

By apartment size

Hanover rent by bedroom count

Median rent for each apartment size in Hanover. Click any size for full breakdown.

Local insights

Tips for renters in Hanover

About renting in Hanover, MD

Last updated: August 17, 2026

The median rent in Hanover is $2,744/mo as of August 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 46% of estimated US median household income ($72,000/yr), Hanover ranks as moderate compared to the national benchmark of 30%. Rents have increased 17.8% over the past year.

FAQ

Frequently asked questions

Is Hanover an affordable city for renters?

Hanover is considered stretched for renters. At $2,744/mo, rent takes approximately 46% of the US median household income ($72,000/yr). The standard benchmark is 30%. Hanover significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Hanover?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (~$53/hour full-time) to afford the median rent of $2,744/mo in Hanover.

Is rent going up or down in Hanover?

Rent in Hanover has increased 17.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Hanover rent compare to other cities in Maryland?

Hanover is one of the pricier cities in Maryland for rent, ranking #10 out of 94 tracked cities at $2,744/mo.

Which nearby cities are cheaper to rent in than Hanover?

Several nearby cities have lower median rents than Hanover ($2,744/mo): Halethorpe ($1,702/mo), Jessup ($2,290/mo), Severn ($2,363/mo).

How does Hanover rent compare to the national average?

Hanover's median rent of $2,744/mo is $782 (40%) above the US national median of $1,962/mo. Within Maryland, it ranks #10 out of 94 tracked cities.
Income Affordability
46%
STRETCHED

At $2,744/mo, rent takes ~46% of US median household income ($72,000/yr). The standard benchmark is 30%.

Hanover 46%Benchmark 30%
State income tax2–5.75%
Run the Hanover affordability calculator →
Lowest-rent ZIP codes in Hanover
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hanover, MD

Recent submissions

Be the first to submit your rent for Hanover.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google