Cheap Apartments for Rent in Hanover, IN from $400 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hanover.

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281 E Main St
1 Bedroom Apartments

281 E Main St

281 E Main StHanover, IN 47243
  • Utilities Included
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3 N Madison Ave
1 Bedroom Apartments

3 N Madison Ave

3 N Madison AveHanover, IN 47243

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.

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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.

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Crowne at the Summit
Rent Specials
$1,203 - $1,948
Total Monthly Price

Total Monthly Price

Base Rent
$1,203 - $1,948
Total Monthly Price
$1,203 - $1,948
1 to 3 Bedroom Apartments Available Now

Crowne at the Summit

4301 Crowne Springs DrLouisville, KY 40241
Corporate Housing
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Foxtail Pointe
2 to 3 Bedroom Apartments

Foxtail Pointe

8810 Old Highway 60Sellersburg, IN 47172
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Water's Edge
1 to 3 Bedroom Apartments

Water's Edge

20 Red Oak WayAustin, IN 47102
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Highland Glen
1 to 3 Bedroom Apartments

Highland Glen

725 S Mansfield DrScottsburg, IN 47170
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Summit Place Apartments
1 to 2 Bedroom Apartments

Summit Place Apartments

5201 Eagles Peak WayLouisville, KY 40241
Corporate Housing
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Koehler Springs
2 to 3 Bedroom Apartments

Koehler Springs

2012 Payne Koehler RdSellersburg, IN 47172
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Hanover, IN Local Guide

Cheapest Available Hanover Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hanover, IN is a 3 Beds unit found at Foxtail Pointe in the Southern Indiana neighborhood priced from $573. 217 Hooton Blvd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Hanover apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxtail Pointe3 Bdrm3BR,2BA$573
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR,1BA$800
Cedar SpringsOpen Floor Plan 1 Bedroom1BR,1BA$895
Oldham Oaks2 Bedroom2BR,2BA$905
Ashby1 Bedroom 1 Bathroom - Small1BR,1BA$937
Lakeview1 Bedroom 1 Bath1BR,1BA$942
HeathmooreOne Bed One Bath Standard1BR,1BA$995
Green Valley ApartmentsThe Sunrise2BR,1BA$995
Charlestown FlatsOne Bedroom Flat1BR,1BA$995
Sova1 Bedroom1BR,1BA$999

Best Value Apartments for Rent in Hanover, IN and Nearby

As of July 14, 2026 the best value apartment in the Hanover area is the $0.91 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,230. The second greatest value Hanover apartment is the Thoroughbred Model at Crestwood Commons starting at $1,345 with a $1.11 price per square foot in the East End neighborhood. Here is today’s list of the best values for Hanover apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oldham Oaks3 Bedroom3BR,2BA$0.91
Crestwood CommonsThoroughbred2BR,2BA$1.11
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.05
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Parkside Trace Apartments2 BEDROOM 2 BATHROOM NEW CONSTRUCTION2BR,2BA$1.14
Green Valley ApartmentsThe Sunrise2BR,1BA$1.00
Springhurst East Apartments2 Bedroom 1 Bathroom Large2BR,1BA$1.17
Renaissance Park ApartmentsTwo Bedroom Two Bathroom2BR,2BA$1.22
Lakeview1 Bedroom 1 Bath1BR,1BA$1.17
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR,1BA$1.05

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.

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Real 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.

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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.

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Frequently Asked Questions about Cheap Hanover Apartments

How much is rent for a Cheap One Bedroom Hanover Apartment?

The lowest price for a Cheap One Bedroom Hanover Apartment is $800 at 217 Hooton Blvd.

What is the lowest price for a Cheap Two Bedroom Hanover Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hanover is starting from $905 at Oldham Oaks.

What is the most affordable Hanover Three Bedroom Apartment?

The best deal on a cheap Hanover Three Bedroom Apartment rental is at Foxtail Pointe and starts from $573.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.