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City Report · NJ

East Hanover Township

·21st most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$3,366/mo
Year-over-Year
+4.4%
Month-over-Month
-3.5%
vs US Median
+$1,404
Falling (Monthly)
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Most AffordableMost Expensive
East Hanover Township · $3,366
More expensive than 95% of US cities · National median $1,962/mo
Affordability
56% of income
EXPENSIVE
0%30% benchmark60%+

At $3,366/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 $3,366 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: August 17, 2026

Annual cost
$40,392/yr
At $3,366/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 4.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+4.4% YoY, -3.5% MoM), not inventory.
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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 $3,366/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: August 17, 2026

The median rent in East Hanover Township is $3,366/mo as of August 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 increased 4.4% 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 $3,366/mo, rent takes approximately 56% 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 $135,000/year (~$65/hour full-time) to afford the median rent of $3,366/mo in East Hanover Township.

Is rent going up or down in East Hanover Township?

Rent in East Hanover Township has increased 4.4% over the past year as of August 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 #21 out of 183 tracked cities at $3,366/mo.

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

Several nearby cities have lower median rents than East Hanover Township ($3,366/mo): Parsippany ($2,825/mo), Pine Brook ($2,901/mo).

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

East Hanover Township's median rent of $3,366/mo is $1,404 (72%) above the US national median of $1,962/mo. Within New Jersey, it ranks #21 out of 183 tracked cities.
Income Affordability
56%
EXPENSIVE

At $3,366/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 →
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Neighborhoods

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Public schools near East Hanover Township, NJ

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