Apartments in 46327

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3
$795
Hammond, IN
1 BR | Available Now
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West Calumet
1
$950
Hammond, IN
2 BR | Available Now
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West Calumet
7
$1,500
Hammond, IN
2 BR | Available Now
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5
$900
Hammond, IN
1 BR | Available Now
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Disability Access
West Calumet
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How much does it cost to rent an apartment in 46327?

46327 apartments
Bed Type Average Rent Range
1BR $850 $800 - $900

Hammond:
December Rent Report

Welcome to the December 2024 Hammond Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Hammond rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Hammond and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Hammond average rent prices in the chart below.

Monthly Rent Report

$1,550
$1,160
$780
$390
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Hammond Rent Prices Increase From November to December

Hammond rent prices increased over the last month. From November to December, the city experienced a 1.3% increase for the price of a one-bedroom apartment. The rent price for a Hammond one-bedroom apartments currently stands at $1,095.0.

When we take a look at the two-bedroom comparison from November to December, Hammond experienced a 0.76% increase for the price of a two-bedroom apartment. The rent price for a Hammond two-bedroom apartments currently stands at $1,463.0.

December Prices: Hammond vs. Surrounding Areas

Rent Prices in Hammond and Surrounding Areas

Rent prices have increased in Hammond over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Hammond suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Hammond suburbs

  • Rents did not decrease in any of the Hammond suburbs.

December 2024 Pricing Trends: Hammond vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Hammond Rent Prices More Affordable Than Major Cities

Rent growth in Hammond over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Hammond average rent prices appear to be relatively affordable for local residents.

The price for a Hammond one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Hammond and surrounding area rent prices, take a look at the complete data set below.

Data set for Hammond and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.