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Rent Prices in Hanover, IN
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $900/mo
- Indiana $1,062/mo
- 2-bedroom median rent
- $870/mo
- Indiana $1,076/mo
- Renters paying 30%+ of income
- 52.3%
- Indiana 48.1%
- Renter households
- 358
- Indiana 799,766
Hanover has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | Not reported |
| 1 bedroom | $764/mo |
| 2 bedrooms | $870/mo |
| 3 bedrooms | $1,125/mo |
| 4 bedrooms | $1,633/mo |
| 5 or more bedrooms | Not reported |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income18152.3%
- Pay 50% or more of income8825.4%
The median renter household spends 31.7% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Jefferson County, IN
2 bedrooms: $1,041/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Hanover, IN | $900/mo | $764/mo | $870/mo | $1,125/mo | 52.3% |
| Jefferson County | $890/mo | $672/mo | $896/mo | $1,048/mo | 39.3% |
| Indiana | $1,062/mo | $886/mo | $1,076/mo | $1,220/mo | 48.1% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Hanover, IN?
- The median gross rent in Hanover, IN is $900 a month, and a typical 2-bedroom rents for $870/mo.
- How does Hanover compare with Indiana?
- The median rent in Hanover is $900/mo, compared with $1,062/mo for Indiana as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates