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Studio Apartments for Rent in Hanover, NJ

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  • /53

    Starting at $2,462 Per Month

    • Studio - 2 Beds

    1515 Nj-10, Parsippany, NJ 07054

    Discover upscale living at District 1515, situated in Parsippany; an exciting town center enclave of brand-new luxury rentals just off Route 10, within easy reach of downtown Morristown. Revel in a full suite of exclusive resident amenities that enhance your daily life, while being surrounded by an array of shops, restaurants, and retail conveniences in this vibrant and transit-friendly

    The District at 15Fifteen

    (862) 660-7410

    1515 Nj-10, Parsippany, NJ 07054
  • /26

    $2,790 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Hanover - Parsippany

    125 Nj-10, Whippany, NJ

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Hanover - Parsippany

    (862) 701-4256

    125 Nj-10, Whippany, NJ

Why Live in Hanover

Hanover, NJ, is a suburban township located at the intersection of Morris County’s major highways, making it a convenient spot for commuters to Manhattan, which is 32 miles east via New Jersey Route 3 or Interstate 280. Newark Liberty International Airport is approximately 22 miles away, and the Morris Plains and Morristown New Jersey Transit stations are less than 5 miles from Hanover, providing access to Midtown Direct Line trains to Penn Station. The area features a mix of postwar suburban homes, including Cape Cods, split-levels, and ranch-style houses in Cedar Knolls, and single-family homes, new-construction townhouses, and condo communities in Whippany. Hanover residents benefit from lower property taxes compared to surrounding areas in Morris County. The township offers several parks, such as Central Park with its nature trail, soccer field, and outdoor exercise area, and Bee Meadow Park, known for its nature trails and fishing ponds. Local shopping options include Walmart and ShopRite in Cedar Knolls, and a variety of dining establishments like Whippany Diner and Trattoria Toscana in Whippany. Additionally, Morristown, located a few miles south, provides a vibrant downtown with shops, restaurants, clubs, and a farmers market. Hanover Township School District serves K-8 students with highly rated schools like Bee Meadow School, Mountview Road School, and Salem Drive School, while high school students attend Whippany Park High School, which offers the Senior Service Project Program.

Frequently Asked Questions

How much does it cost to rent a home in Hanover, NJ?
The median rent for a home in Hanover, NJ is $3,600 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option.
How much do you need to make to afford rent in Hanover, NJ?
To comfortably afford the median rent in Hanover, NJ, a household needs to earn roughly $144,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,600 per month in Hanover, NJ, renters typically need to show $10,800 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Hanover, NJ?
In Hanover, NJ, the price-to-rent ratio is 19.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Hanover, NJ

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,600
Median Townhouse Rent
$3,600
How to Rent a Home