Cheap Homes for Rent in Hammond, IL from $400 (15 Rentals)

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Hammond, IL Local Guide

Cheapest Available Hammond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hammond, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Rider Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Hammond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Rider Place1 Bedroom1BR,1BA$500
Stones Crossing ApartmentsNO DEPOSIT, 299 FIRST MONTHS RENT MOVES YOU IN!!!!1BR,1BA$550
Barrington1 Bedroom1BR,1BA$685
Decatur Flats Apartments1BR/1.0BA1BR,1BA$725

Best Value Apartments for Rent in Hammond, IL and Nearby

As of March 25, 2025 the best value apartment in the Hammond area is the $1.29 price per square foot 2BR/1.5BA Town Model at Colony West in the starting from $1,500. The second greatest value Hammond apartment is the 706 Inverness Dr Model at Prestwick Point starting at $1,300 with a $1.16 price per square foot . Here is today’s list of the best values for Hammond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Colony West2BR/1.5BA Town2BR,1.5BA$1.29
Prestwick Point706 Inverness Dr2BR,2BA$1.16
The Cove At Boulder Ridge2 bedroom 2 bath2BR,2BA$1.23
Stonegate Village by Royse + BrinkmeyerThe Sandstone2BR,1.5BA$1.23
Lincolnshire West2 Bedroom Garden Premium2BR,1.5BA$1.39
Decatur Flats Apartments1BR/1.0BA1BR,1BA$1.01
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsNO DEPOSIT 399 FIRST MONTHS RENT MOVES YOU IN!!...1BR,1BA$1.07
Barrington1 Bedroom1BR,1BA$1.25
Rider Place1 Bedroom1BR,1BA$0.92

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Frequently Asked Questions about Hammond

What type of rentals are currently available in Hammond?

There are currently 36 Apartments for Rent in Hammond, IL with pricing that ranges from $500 to $3,400. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hammond ranging from $400 to $3,900.

What is the current price range for Rental Homes in Hammond?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hammond ranges from $400 to $3,900 with an average monthly rent of $1,302.

How much are larger Three and Four Bedroom Rentals in Hammond?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hammond range from $675 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,930 and Four Bedroom Apartments start at $1,449.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.