Cheap Homes for Rent in Hanover, ME from $1,200 (19 Rentals)

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

property at 22 Richard St

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

22 Richard St

GreeneME04236

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.

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.

property at 18 Sandtrap Loop

$1,550

2 Bedroom, 1 Bath Condo for Rent

Available Now

18 Sandtrap Loop

BartlettNH03838
property at 224 E Main St

$1,600

2 Bedroom, 2 Bath Home for Rent

Available Now

224 E Main St

ConwayNH03818

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.

Hanover, ME Local Guide

Cheapest Available Hanover Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hanover, ME is a 1 Bed unit found at Edgewater Village priced from $851. Mount Auburn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,428. Here is today’s list of the most affordable Hanover apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Edgewater Village1x11BR,1BA$851
Mount Auburn ApartmentsOne Bedroom-AA1BR,1BA$1,428
Stable Ridge Apartments1 Bedroom1BR,1BA$1,750

Best Value Apartments for Rent in Hanover, ME and Nearby

As of June 22, 2026 the best value apartment in the Hanover area is the $1.12 price per square foot 1791 Riverside Dr Model at 1791 Riverside Dr, Unit apt 1 in the starting from $1,450. The second greatest value Hanover apartment is the 138 Emery St Model at 138 Emery St, Unit 1 starting at $1,800 with a $1.50 price per square foot . 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.
1791 Riverside Dr, Unit apt 11791 Riverside Dr2BR,1BA$1.12
138 Emery St, Unit 1138 Emery St3BR,1BA$1.50
Stable Ridge Apartments2 Bedroom2BR,1BA$1.91
Fallview on Main- 186 Main Street2BR/1.0BA2BR,1BA$2.49
125 Bridge St, Unit 4125 Bridge St1BR,1BA$0.94
136 Maranacook Rd, Unit B136 Maranacook Rd2BR,1BA$1.67
627 Rockingham St627 Rockingham St2BR,1BA$1.39
104 Main Street, Unit Apt #2104 Main Street1BR,1BA$2.00
Mount Auburn ApartmentsOne Bedroom-AAN1BR,1BA$2.08
816 3rd Ave, Unit 2816 3rd Ave1BR,1BA$1.50

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Hanover

What type of rentals are currently available in Hanover?

There are currently 43 Apartments for Rent in Hanover, ME with pricing that ranges from $800 to $30,230. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hanover ranging from $1,200 to $13,900.

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 $1,200 to $13,900 with an average monthly rent of $2,640.

How much are larger Three and Four Bedroom Rentals in Hanover?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hanover range from $1,415 to $30,230, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $13,900. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $10,000.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.