Cheap Apartments for Rent in Hammond, IN from $500 (16 Rentals)

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Golden Manor
1 Bedroom Apartments

Golden Manor

1201 175th StHammond, IN 46324
Senior Living
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Southmoor Apartments
Studio Apartments

Southmoor Apartments

5946 Hohman AveHammond, IN 46320
  • Utilities Included
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Lawndale Apartments
1 Bedroom Apartments

Lawndale Apartments

6930 Hohman AveHammond, IN 46324
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

6905-6915 Magoun AveHammond, IN 46324
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Saxony Town Homes
2 to 4 Bedroom Apartments

Saxony Town Homes

1349 175th StHammond, IN 46324
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2650 164th Pl
1 Bedroom Apartments

2650 164th Pl

2650 164th PlHammond, IN 46323
  • Smoke Free

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Grand Orchard
1 to 2 Bedroom Apartments

Grand Orchard

3605 Orchard DrHammond, IN 46323
  • Utilities Included
property at 3925 Ivy St

3925 Ivy St

East ChicagoIN46312
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Divine Properties
1 to 3 Bedroom Apartments

Divine Properties

816 E 38th PlGriffith, IN 46319
  • Utilities Included

Hammond, IN Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Available Hammond Apartments for Rent

 

The cheapest available apartment rental in Hammond, IN is a 1 Bed unit found at Morton Apartments in the Fairmeadow neighborhood priced from $895. Park West in the Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,038. Here is today’s list of the most affordable Hammond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Morton Apartments1BR/1BA1BR,1BA$895
Park West1 Bedroom, 1 Bath NO PATIO OR BALCONY (672 sqft.)1BR,1BA$1,038
Douglas Pointe Apartments1x11BR,1BA$1,065
TanglewoodPhase II, Floorplan C, 1 Bedroom, 1 Bath1BR,1BA$1,120
The Banc HammondUnits 310-910Studio,1BA$1,169

Best Value Apartments for Rent in Hammond, IN

As of March 26, 2025 the best value apartment in the Hammond area is the $0.70 price per square foot 922 Summer St Model at 922 Summer St, Unit 2 in the in the Roxana neighborhood starting from $1,400. The second greatest value Hammond apartment is the Double & Single Used Model at Harbor Point Estates starting at $1,450 with a $1.12 price per square foot in the South Chicago neighborhood. 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.
922 Summer St, Unit 2922 Summer St2BR,1BA$0.70
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
Farmer2x1B2BR,1BA$1.47
2229-2243 169th St2BR/1.0BA2BR,1BA$1.40
Boulevard North TownhomesA2BR,1BA$1.38
Orchard Park2x1AR2BR,1BA$1.56
Park West2 Bedroom, 1.5 Bath (884 sqft.)2BR,1.5BA$1.58
TanglewoodPhase II, Floorplan C, 1 Bedroom, 1 Bath1BR,1BA$1.50
Morton Apartments1BR/1BA1BR,1BA$1.28
Douglas Pointe Apartments1x11BR,1BA$1.61

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Hammond Overview

If you are looking for an excellent living area close to Chicago, IL, consider Hammond, IN. Only 28 miles from the famous city limits, Hammond is the perfect place for students, young adults, and families. Nearly 77,000 people reside here, enjoying the prestigious academic center, lakefront beaches, pleasant parks and reserves, tasty restaurants and lively bars, and an intriguing historical district. There are plenty of beautiful apartments in Hammond, close to amenities and entertainment. One of the major attraction points is the affordable rental costs and living expenses compared to other nearby cities.

Why live in Hammond, IN?

If you are looking for apartments in Hammond, you may want to know why you should choose this city. Regarding best features, the affordability is unbeatable compared to other cities in Indiana and the United States. Combining the low cost of living with its proximity to Chicago, you have an ideal location. While Hammond has entertainment options and excellent amenities, you can also take a trip to the big city for new experiences. Families who move to Hammond delight in the close-knit residential areas and pretty parks, while young adults enjoy lively nightlife thanks to the Purdue University student community. Additionally, career-oriented folks can take advantage of numerous job opportunities in several flourishing industries.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Hammond, IN Rentals by Map

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Getting Around Hammond, IN

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Hammond Apartments

What is the Cheapest Studio apartment in Hammond?

Currently the most affordable Cheap Studio Apartment in Hammond is at The Banc Hammond listed at $1,169.

How much is rent for a Cheap One Bedroom Hammond Apartment?

The lowest price for a Cheap One Bedroom Hammond Apartment is $895 at Morton Apartments.

What is the lowest price for a Cheap Two Bedroom Hammond Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hammond is starting from $965 at Morton Apartments.

What is the most affordable Hammond Three Bedroom Apartment?

The best deal on a cheap Hammond Three Bedroom Apartment rental is at Harbor Point Estates and starts from $1,450.

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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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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.