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Newest Homes for Rent in Hanover, MN

Section Image
  • 451 Mallard St NE, Hanover, MN 55341
    451 Mallard St NE, Hanover, MN 55341
    451 Mallard St NE, Hanover, MN 55341
    /22

    $2,950

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 1,994 Sq Ft
    • House for Rent

    451 Mallard St NE, Hanover, MN 55341

    Hanover Rental Property 5076, 4 BR2,950 / monthID 5076Listing type: For RentBedrooms 4Bathrooms 2Pets Negotiable w/ pet rent and pet depositLiving Area 1994Deposit 2950Property Type: Single Family HomeParking 3 car attachedLocation HanoverLease Term 12-18Available October 1, 2026Property Description451 Mallard St. NE Hanover, MN

    451 Mallard St NE, Hanover, MN 55341
  • 1259 Irvine Dr, Hanover, MN 55341
    1259 Irvine Dr, Hanover, MN 55341
    1259 Irvine Dr, Hanover, MN 55341
    /20

    $3,206

    Total Monthly Price

    • 5 Beds
    • 4 Baths
    • 2,851 Sq Ft
    • House for Rent

    1259 Irvine Dr, Hanover, MN 55341

    This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 5 bedrooms, 4.0 bathrooms, and approximately 2,851 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a Tricon resident, you'll enjoy access to Tricon Vantage — a program designed to support your rental

    1259 Irvine Dr, Hanover, MN 55341
Minnesota Wright County

Newest Homes for Rent in Hanover, MN

Frequently Asked Questions

How much does it cost to rent a home in Hanover, MN?
The median rent for a home in Hanover, MN is $3,049 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Hanover, MN?
To comfortably afford the median rent in Hanover, MN, a household needs to earn roughly $121,960 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,049 per month in Hanover, MN, renters typically need to show $9,147 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Hanover, MN?
In Hanover, MN, the price-to-rent ratio is 12.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Hanover, MN

There are currently 2 homes available for rent in Hanover, MN. The median rent is $3,049 per month, with single-family homes renting at $3,050.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,049
Median Single Family Home Rent
$3,050
How to Rent a Home

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