Hanover, MD Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hanover is $2,452, a 1.32% increase compared to the previous year, when the average rent was $2,420.
Studio Apartments at $1,915 offer the most budget-friendly option with 559 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 782 square feet for $2,226, balancing privacy and affordability.
Two-beedroom units at $2,679 offer 1,180 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,401 sq ft) for $3,118, suitable for larger households.
Average rent in Hanover, MD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,452 | 975 sq. ft. |
| Studio | $1,915 | 559 sq. ft. |
| 1 Bed | $2,226 | 782 sq. ft. |
| 2 Beds | $2,679 | 1,180 sq. ft. |
| 3 Beds | $3,118 | 1,401 sq. ft. |
Hanover, MD rent trends
Rental prices in Hanover, MD have increased by 1.32% over the past year. The average rent moved from $2,420 to $2,452.
What's the typical rent budget in Hanover, MD?
The largest share of rentals in Hanover, MD (44%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Hanover, MD?
2,970 or 34% of the households in Hanover, MD are renter-occupied while 5,869 or 66% are owner-occupied.
How Hanover Compares to Other Cities
| City | Average Rent |
|---|---|
| Hanover | $2,452 |
| Laurel | $1,951 |
| Columbia | $2,154 |
| Bethesda | $2,760 |
| Annapolis | $2,292 |
| Baltimore City | $1,649 |
| Silver Spring | $1,978 |
| Frederick | $1,916 |
| Rockville | $2,396 |
| Hyattsville | $1,888 |
| Gaithersburg | $2,046 |
| Lanham, MD | $1,824 |
| Beltsville, MD | $1,925 |
| Jessup, MD | $2,151 |
| Greenbelt, MD | $2,059 |
| Elkridge, MD | $2,230 |
| Glen Burnie, MD | $1,644 |
| Pasadena, MD | $2,308 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Hanover apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.