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City Report · NJ

East Hanover Township

·17th most expensive in New Jersey·East Hanover Township rents are up 21.1% over the past year
Median rent (all units)
$3,487/mo
Year-over-Year
+21.1%
Month-over-Month
+5.3%
vs US Median
+$1,522
Rising (Monthly)
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Most AffordableMost Expensive
East Hanover Township · $3,487
More expensive than 95% of US cities · National median $1,965/mo
Affordability
58% of income
EXPENSIVE
0%30% benchmark60%+

At $3,487/mo, rent takes about 58% of the US median household income, well above the 30% benchmark.

Income to afford
$139,000/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
Research median
$3,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$41,844/yr
At $3,487/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 21.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+21.1% YoY, +5.3% 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 $3,487/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: July 20, 2026

The median rent in East Hanover Township is $3,487/mo as of July 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 58% of estimated US median household income ($72,000/yr), East Hanover Township ranks as expensive compared to the national benchmark of 30%. Rents have increased 21.1% over the past year.

FAQ

Frequently asked questions

Is East Hanover Township an affordable city for renters?

East Hanover Township is considered expensive for renters. At $3,487/mo, rent takes approximately 58% of the US median household income ($72,000/yr). The standard benchmark is 30%. East Hanover Township significantly exceeds that threshold, making it challenging for many renters.

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 $139,000/year (~$67/hour full-time) to afford the median rent of $3,487/mo in East Hanover Township.

Is rent going up or down in East Hanover Township?

Rent in East Hanover Township has increased 21.1% over the past year as of July 2026, putting upward pressure on renter budgets.

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

East Hanover Township is one of the pricier cities in New Jersey for rent, ranking #17 out of 180 tracked cities at $3,487/mo.

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

Several nearby cities have lower median rents than East Hanover Township ($3,487/mo): Pine Brook ($2,871/mo), Parsippany ($2,925/mo), Madison ($3,354/mo).

How does East Hanover Township rent compare to the national average?

East Hanover Township's median rent of $3,487/mo is $1,522 (77%) above the US national median of $1,965/mo. Within New Jersey, it ranks #17 out of 180 tracked cities.
Income Affordability
58%
EXPENSIVE

At $3,487/mo, rent takes ~58% of US median household income ($72,000/yr). The standard benchmark is 30%.

East Hanover Township 58%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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