Find Homes & Apartments for Rent in Hanover Park, IL

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What to Know About

Life in Hanover Park & Beyond

Hanover Park shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Hanover Park, IL

As of March 2025, Hanover Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hanover Park's average rent is 9.4% ($160) lower than the Illinois average of $1,706 and 13.5% ($242) lower than the U.S. average of $1,788.

Average Rent
$1,546
Monthly ChangeMonth Over Month Change
Increased1.5% ($23)
Yearly ChangeYear Over Year Change
Decreased29.3% ($641)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,369 Decreased0.1% ($2) Decreased18.2% ($304)
2 Beds $1,763 Increased8.3% ($135) Decreased18.2% ($391)
3 Beds $1,982 Increased8.3% ($152) Decreased18.1% ($439)
Nearby Cities Average Rent Avg. Rent vs. Hanover ParkAverage Rent vs. Hanover Park Avg. Days on MarketAverage Days on Market
Roselle $2,187 Increased41.5% ($641) 27 days
Carol Stream $1,644 Increased6.3% ($98) 29 days
Bloomingdale $2,720 Increased75.9% ($1174) 25 days
Schaumburg $2,104 Increased36.1% ($558) 29 days
Glendale Heights $1,876 Increased21.3% ($330) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hanover Park Rental Market FAQs

Explore rental prices, market trends, and availability in Hanover Park, IL.

The average rent in Hanover Park, IL is $1,546 per month.
Homes in Hanover Park typically rent for between $958 and $2,577 per month, with an average of $1,546 per month.
In Hanover Park, the average rent for a 1-bedroom home is $1,369 per month, for a 2-bedroom home, $1,763 per month, and a 3-bedroom home is $1,982 per month.
The average rent in Hanover Park is 13.5% ($242) lower than the national average of $1,788 per month.
The average rent in Hanover Park has increased by 1.5% ($23) in the last month and decreased by 29.3% ($641) over the past year.
The rental market in Hanover Park, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Hanover Park, IL, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Hanover Park, IL.
Based on the current averages, a household would need an annual income of $70,520 to comfortably afford a 2-bedroom home in Hanover Park.
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