The Most and Least Expensive Areas to Rent in Hanover, VA

Hanover renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.

 

Hanover, VA of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in Hanover is about $1,225 per month. This puts it in the 80th percentile compared to the state average cost of rent, which is $1,444. Households in Hanover have a median income of $9,829 per month so the average renter in Hanover is spending roughly 12% of their earnings on housing.

Nationally, and in Hanover, home values are the data point most closely correlated with the cost of rent. The median price of a home in Hanover is $297,944 right now, which is higher than nearby cities, meaning that rents in Hanover also tend to be higher versus these nearby cities.

Higher rent prices are common in the northern parts of Hanover while lower rent rates are often available in eastern areas.

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