City Report · NJ

East Hanover Township

·11th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$3,363/mo
Year-over-Year
-1.5%
Month-over-Month
+2.7%
vs US Median
+$1,431
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
East Hanover Township · $3,363
More expensive than 95% of US cities · National median $1,932/mo
Affordability
56% of income
EXPENSIVE
0%30% benchmark60%+

At $3,363/mo, rent takes about 56% of the US median household income, well above the 30% benchmark.

Income to afford
$135,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using East Hanover Township's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,330
1 BR
$2,650
2 BR
$3,210
3 BR
$4,040
4 BR+
$4,600
Fair Market Rent (HUD)
$3,210/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,363 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in East Hanover Township changed -1.5% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

Cheaper nearby

Parsippany, 3 miles away, rents for 16% less ($2,832/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for East Hanover Township.

Annual cost
$40,356/yr
At $3,363/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-1.5% YoY, +2.7% MoM), not inventory.
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Community

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View East Hanover Township rent history (2015–2026) →
Salary vs rent

Can you afford rent in East Hanover Township on your salary?

At $3,363/mo, how East Hanover Township rent compares to typical pay (30% rule).

By apartment size

East Hanover Township rent by bedroom count

Median rent for each apartment size in East Hanover Township. Click any size for full breakdown.

Local insights

Tips for renters in East Hanover Township

About renting in East Hanover Township, NJ

Last updated: October 17, 2026

The median rent in East Hanover Township is $3,363/mo as of October 2026. A studio apartment averages $2,330/mo while a 2-bedroom runs $3,210/mo. One-bedroom apartments average $2,650/mo and 3-bedroom units go for $4,040/mo.

At 56% of estimated US median household income ($72,000/yr), East Hanover Township ranks as expensive compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in East Hanover Township?

To keep rent at or below 30% of gross income, you would need to earn at least $135,000/year (about $65/hour full-time) to afford the median rent of $3,363/mo in East Hanover Township.

Is rent going up or down in East Hanover Township?

Rent in East Hanover Township has fallen 1.5% over the past year.

How does East Hanover Township rent compare to other cities in New Jersey?

East Hanover Township is one of the pricier among New Jersey cities for rent, ranking #11 of 178 tracked cities at $3,363/mo. Over the year to September 2026, rent in East Hanover Township changed -1.5%, against a typical +3.1% across the 121 New Jersey cities Zillow tracks.

Which nearby cities are cheaper to rent in than East Hanover Township?

Nearby cities with lower median rent than East Hanover Township ($3,363/mo) include Parsippany ($2,832/mo), and Pine Brook ($2,847/mo).
Income Affordability
56%
EXPENSIVE

At $3,363/mo, rent takes ~56% of US median household income ($72,000/yr). The standard benchmark is 30%.

East Hanover Township 56%Benchmark 30%
State income tax1.4–10.75%
Run the East Hanover Township affordability calculator →
Lowest-rent ZIP codes in East Hanover Township
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near East Hanover Township, NJ

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