
Cheap Homes for Rent in Hanover, IL from $300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Hanover.


416 7th Ave S

2017 Windsor Ave

516 2nd Ave S

914 S 6th St

285 Cardiff St

943 High Bluff St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1941 Madison St

2060 Whittier St

1131 Main St

535 7th Ave S

1216 9th Ave S

1330 Locust St

1765 Madison St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Hanover, IL Local Guide

How much does it cost to rent a home in Hanover?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hanover 2 Bedroom Homes for Rent | $1,057 | $750 | $1,750 |
| Hanover 3 Bedroom Homes for Rent | $1,424 | $875 | $1,910 |
| Hanover 6 Bedroom Homes for Rent | $2,295 | $2,295 | $2,295 |
Browse Top Homes for Rent in Hanover
Explore Hanover
Hanover, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Hanover Apartments for Rent and Nearby
 The cheapest available apartment rental in Hanover, IL is a Studio unit found at Northland Park Apartments priced from $625. 15 E Main St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Hanover apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northland Park Apartments | Studio | Studio,1BA | $625 |
| 15 E Main St | 1 Bed, 1 bath | 1BR,1BA | $650 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $669 |
| Prairie View Apartments | 32 Unit - Efficiency | Studio,1BA | $725 |
| Washington Senior Apartments | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Hanover, IL and Nearby
As of May 28, 2026 the best value apartment in the Hanover area is the $0.78 price per square foot 3 Bed 2 Bath Model at Super 20 Mobile Home Park in the starting from $995. The second greatest value Hanover apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Hanover apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Super 20 Mobile Home Park | 3 Bed 2 Bath | 3BR,2BA | $0.78 |
| Arrow Ridge | Two Bedroom (A2) | 2BR,1BA | $1.16 |
| 201 - 207 West Win Heights | 201 - 2 Bed / 2 Bath | 2BR,2BA | $1.04 |
| 15 E Main St | 1 Bed, 1 bath | 1BR,1BA | $0.65 |
| Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.10 |
| Eagle Point Townhomes | 2 BR Townhome | 2BR,1BA | $1.07 |
| Riverside Apartments and Townhomes | Two Bed, One Bath Townhome | 2BR,1BA | $1.03 |
| Maplewood Glen | 1 Bed 1 Bath | 1BR,1BA | $1.17 |
| Penn Place Apartments | 1 Bedroom | 1BR,1BA | $1.14 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $1.12 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hanover, IL Rentals by Map
See the most popular apartments and homes in Hanover, IL
Frequently Asked Questions about Hanover
What type of rentals are currently available in Hanover?
There are currently 65 Apartments for Rent in Hanover, IL with pricing that ranges from $600 to $2,950. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hanover ranging from $350 to $2,300.
What is the current price range for Rental Homes in Hanover?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hanover ranges from $350 to $2,300 with an average monthly rent of $1,305.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.