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Apartments in Hanover Park

1 - 5 of 5 Results
40
$1,972
Chicago - Hanover Park
1075 Lake St Hanover Park, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
8
$969 - 1,038
West Line Greystone
Deal
4.2
1700 Ontarioville Rd, 201A Hanover Park, IL
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Fitness Center
Pool
12
$899
1541 Oakwood Ave
Hanover Park, IL
1 BR | May. 18, 2024
Contact
House
Balcony/Deck/Patio
Dishwasher
12
$985
6115 Kit Carson Dr Unit Unit
Hanover Park, IL
1 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
$1,069 - 1,344
West Line
4.2
1700 Ontarioville Rd, 201A Hanover Park, IL
Studio - 2 BR | Available Now
Contact
Ontarioville
1 - 5 of 5 Results
  1. Home
  2. Chicago Area Apartments
  3. Hanover Park

How much does it cost to rent an apartment in Hanover Park?

Hanover Park Apartments
Bed Type Average Rent Range
Studio $970 $970 - $1,970
1BR $1,040 $910 - $1,120
2BR $1,340 $1,340 - $1,340
Frequently Asked Questions

How many apartments are available in Hanover Park, IL on Rentable.co?

Rentable.co has over 728 apartments available in Hanover Park.

What is the average rent for a studio apartment in Hanover Park, IL?

The average rent for a studio apartment in Hanover Park is around $970 per month.

What is the average rent for a one-bedroom apartment in Hanover Park, IL?

The average rent for a one-bedroom apartment in Hanover Park is around $1,040 per month.

What is the average rent for a two-bedroom apartment in Hanover Park, IL?

The average rent for a two-bedroom apartment in Hanover Park is around $1,340 per month.

How expensive is it to rent an apartment in Hanover Park, IL?

For a two-bedroom apartment in Hanover Park, the average rent price is $1,340 per month, which is lower than the national average of $1,620 per month.

Can I afford an apartment for rent in Hanover Park, IL?

Based on average rent prices in Hanover Park, to afford a studio apartment you would need an annual household income of $39,000 to live comfortably.

Neighborhoods

Ontarioville

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Hanover Park:
May Rent Report

Welcome to the May 2024 Hanover Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Hanover Park rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Hanover Park and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Hanover Park average rent prices in the chart below.

Monthly Rent Report

$1,550
$1,160
$780
$390
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Hanover Park Rent Prices Increase From April to May

Hanover Park rent prices increased over the last month. From April to May, the city experienced a 0.78% increase for the price of a one-bedroom apartment. The rent price for a Hanover Park one-bedroom apartments currently stands at $1,038.0.

When we take a look at the two-bedroom comparison from April to May, Hanover Park experienced a -1.74% decrease for the price of a two-bedroom apartment. The rent price for a Hanover Park two-bedroom apartments currently stands at $1,359.0.

May Prices: Hanover Park vs. Surrounding Areas

Rent Prices in Hanover Park and Surrounding Areas

Rent prices have increased in Hanover Park over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Hanover Park suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Hanover Park suburbs

  • Rents did not decrease in any of the Hanover Park suburbs.

May 2024 Pricing Trends: Hanover Park vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Hanover Park Rent Prices More Affordable Than Major Cities

Rent growth in Hanover Park over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Hanover Park average rent prices appear to be relatively affordable for local residents.

The price for a Hanover Park one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Hanover Park and surrounding area rent prices, take a look at the complete data set below.

Data set for Hanover Park and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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