147 Columbia
147 Columbia Tpke,
Florham Park, NJ 07932
1-2 Beds | $2,695 - $4,225
Rental Market Trends in East Hanover, NJ
What is the average rent in East Hanover, NJ?
$2,755/month
Average Rent
852 Sq Ft
Average Apartment Size
-15.4%
Decrease in the Last Year
As of February 2025, the average rent in East Hanover, NJ is $2,755 per month. This is 77% higher than the national average rent price of $1,556/month, making East Hanover one of the most expensive cities in the US. When you rent an apartment in East Hanover, you can expect to pay about per month for a studio, $2,755 for a one-bedroom apartment, and around $3,803 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,310 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in East Hanover, NJ?
In the past year, rent has decreased by 15.4%, which averages out to $424 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in East Hanover, NJ
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in East Hanover, NJ?
Because the average rent in East Hanover is $2,755, you’ll want to make about $9,183 per month or $110,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does East Hanover, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare East Hanover, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in East Hanover we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.