Hanuman Temple, famous for its floating stone, is located at a distance of about 2 km from the Ramanathaswamy Temple. According to Hindu mythology, Lord Hanuman symbolises sacrifice, devotion, loyalty and bravery. People believe that he has five faces (pancha mukha) and five bodies (pancha deha). Based on the mythological evidence that Lord Hanuman showed his profile with five faces in Rameshwaram, a Hanuman Temple is established here. Lord Hanuman is believed to be adorned with senthooram at this particular place.

The most important attraction of this renowned temple is the 'floating stone' which was used long ago to build the Sethu Bandanam, the bridge between India and Sri Lanka. The shrine houses the beautiful idol of Lord Hanuman with his five faces: Lord Hanuman, Lord Narasimha, Lord Adivaraha, Lord Hayagriva and Lord Garuda. As he was completely devoted to Lord Rama and helped him rescue his consort goddess Sita from the demon King Ravana, the idols of Lord Rama, his brother Laxmana and Devi Sita are also placed In the temple. These idols were brought from Dhanushkodi during the cyclone of 1964.