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Apartments in Hammond

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7007 Indianapolis Blvd
Hammond, IN
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How much does it cost to rent an apartment in Hammond?

Hammond Apartments
Bed Type Average Rent Range
Studio $750 $630 - $1,100
1BR $1,030 $520 - $1,170
2BR $1,280 $1,080 - $1,420
3BR $1,600 $1,100 - $1,900
Frequently Asked Questions

How many apartments are available in Hammond, IN on Rentable.co?

Rentable.co has over 1,353 apartments available in Hammond.

What is the average rent for a studio apartment in Hammond, IN?

The average rent for a studio apartment in Hammond is around $750 per month.

What is the average rent for a one-bedroom apartment in Hammond, IN?

The average rent for a one-bedroom apartment in Hammond is around $1,030 per month.

What is the average rent for a two-bedroom apartment in Hammond, IN?

The average rent for a two-bedroom apartment in Hammond is around $1,280 per month.

How expensive is it to rent an apartment in Hammond, IN?

For a two-bedroom apartment in Hammond, the average rent price is $1,280 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Hammond, IN?

Based on average rent prices in Hammond, to afford a studio apartment you would need an annual household income of $30,000 to live comfortably.

Find a Hammond Apartment

Hammond is a city of 80,000 people that is part of Metropolitan Chicago. The city is dependent on a few large employers that hire the lion's share of the locals, including School City of Hammond, and the Horseshoe Casino, which by itself employs over 2,000 people.

Hammond is home to four privately owned universities, and one state school. The provision of local education options without having to commute into the rest of Chicago is appealing to many who prefer to live directly in Hammond. Hammond also draws many people from the rest of Greater Chicagoland into its borders, primarily due to the draw of the Horseshoe Casino.

When to Search

For many people, Hammond offers a chance to live in the Chicago area without having to pay the higher prices that you face when you move to a more central location. However, city is far enough removed from the heart of Chicago that vacancies remain high. April and May are prime season for apartment hunting in this area.

Staying in the Know

When you're renting in Hammond, you need to give some thought to your transportation time and costs if you're not also working in the immediate area. While the rents might be cheaper than other parts of Chicago, the commute times could negate any potential benefit. On the other hand, if you're working in the area, good prices and availability means that Hammond could be perfect for you.

Life in Hammond

Transportation

Hammond Transit operates the bus system that covers Hammond itself. You can also take the Hammond bus to Whiting or East Chicago. If you're commuting into the city, the South Shore Line commuter train provides a quick way into the heart of town. Once you're there, you can get on the Chicago subway line and commute to anywhere in the city at large with ease

Where to play

Lake Michigan provides a beautiful location for all of the cities located along its shores. Swimming is a popular activity in the lakefront area in Hammond. Visiting Nick and George's Restaurant for a steak and a beer is considered a bit of a local rite of passage. If you like live music and a slightly larger beer selection, Flat Rock Tap is a good choice of bars. A popular tourist destination, the Horseshoe Casino is also a fun place to visit as a local.

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Campuses Nearby

Purdue University-Calumet Campus

Hammond:
April Rent Report

Welcome to the April 2024 Hammond Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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

$1,450
$1,090
$730
$360
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Hammond Rent Prices Increase From March to April

Hammond rent prices increased over the last month. From March to April, the city experienced a 6.19% increase for the price of a one-bedroom apartment. The rent price for a Hammond one-bedroom apartments currently stands at $995.0.

When we take a look at the two-bedroom comparison from March to April, Hammond experienced a -0.15% decrease for the price of a two-bedroom apartment. The rent price for a Hammond two-bedroom apartments currently stands at $1,352.0.

April 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.

April 2024 Pricing Trends: Hammond vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 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.

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