|Rent Price||Apr||vs Last Month|
|1 bed apartments||$725||N/A|
|2 bed apartments||$2,123||+11.7%|
|3 bed apartments||$2,729||+8.7%|
|4+ bed apartments||$3,000||-6.3%|
|Rent Type Price||Apr||vs Last Month|
Over the Apr 2020, the average rent for an apartment in/near Hanover, MD increased by 3.6% to $2,615. Breaking it down in details, we now see that the average price for 1-bed apartment stands at $725 with no changes this month. Pricing for 2-bed apartment also increased by 11.7% and a place of this size will now cost you $2,123. 3-bed apartment rent pricing starts at $2,729, it increased by 8.7% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 6.3% and made it down to $3,000.
The median rent for an apartment in Hanover, MD decreased by 65.9% to $725. Statistics show that house rent price decreased by 11% this month making it up to $2,848. Condo for rent is now available for the same pricing as previously — $2,875. The median rent for a loft did not face significant changes this time, it now still goes for $2,673. The median rent for a townhouse increased by 2.8%, you’ll have to spend around $2,637 to get one.