It was established in 1958 out of the old Hydro SC, that played in Tasmanian Division 2 South from 1954 until 1957.
During their short history, the Rangers won both the State Championship and Southern Premiership in 1962.
[citation needed] The team qualified for participation in the Australia Cup in 1963.
Prior to their rebranding as Hobart Rangers, staff of the Drawing Office of the HEC had entered a team in the Southern Division 2 League under the name of "Hydro" from 1954 until 1957.
The scheme backfired as a number of imports left to join Caledonians and some went to the mainland.