Do not render Hidden mesh

Can I hide part of a mesh and still render
the mesh with out rending the hidden mesh.

safest would be to separate the hidden to another mesh and move it to a layer that is not selected.

Does blender have any option like 3dmax that you can choose to render the hidden polys?

Nope, but you could give the hidden parts a seperate material with 0 specularity and 0 alpha.