50 Webb St
HammondIN46320
Cheap Apartments for Rent in Hammond, IN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Hammond.
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from $7951 to 2 Bedroom Apartments Available Now
Morton Apartments
3812-3818 169th StHammond, IN 46323
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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5031 Homerlee Ave
East ChicagoIN46312
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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3732 Deodar St
East ChicagoIN46312
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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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Showing Results 1-17, Page 1 of 1
Hammond, IN Local Guide
Downtown Hammond by Wiki User: Matt314 is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Hammond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Hammond Studio Apartments | $1,188 | $750 | $1,334 |
| Cheap Hammond 1 Bedroom Apartments | $1,478 | $700 | $2,029 |
| Cheap Hammond 2 Bedroom Apartments | $1,626 | $795 | $3,499 |
| Cheap Hammond 3 Bedroom Apartments | $1,940 | $1,050 | $3,299 |
| Cheap Hammond 4 Bedroom Apartments | $1,675 | $1,150 | $2,200 |
Browse Top Apartments in Hammond
See all Apartments in HammondExplore Hammond
Hammond, IN Local Guide
Written By:
Staff Writer Local Guide Expert
- Hammond Neighborhoods
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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. Douglas Pointe Apartments in the Bernice neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,065. Here is today’s list of the most affordable Hammond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Morton Apartments | 1BR/1BA | 1BR,1BA | $895 |
| Douglas Pointe Apartments | 1x1 | 1BR,1BA | $1,065 |
| Park West | 1 Bedroom, 1 Bath NO PATIO OR BALCONY (672 sqft.) | 1BR,1BA | $1,179 |
| The Banc Hammond | Units 311-911 | Studio,1BA | $1,200 |
| 464 Gordon Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,240 |
Best Value Apartments for Rent in Hammond, IN
As of May 19, 2025 the best value apartment in the Hammond area is the $1.12 price per square foot Double & Single Used Model at Harbor Point Estates in the in the South Chicago neighborhood starting from $1,450. The second greatest value Hammond apartment is the 10021 S Exchange Ave Model at 10021 S Exchange Ave, Unit 2 starting at $1,150 with a $0.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Harbor Point Estates | Double & Single Used | 3BR,2BA | $1.12 |
| 10021 S Exchange Ave, Unit 2 | 10021 S Exchange Ave | 2BR,1BA | $0.96 |
| 2435 Ridgewood St | 3BR/1.0BA | 3BR,1BA | $1.45 |
| Farmer | 2x1A | 2BR,1BA | $1.57 |
| Tanglewood | Phase II, Floorplan B, 2 Bedroom, 2 Bath | 2BR,2BA | $1.59 |
| 8 Waltham St, Unit 1R | 8 Waltham St | 1BR,1BA | $1.15 |
| 9427 S Ewing Ave, Unit 1 | 9427 S Ewing Ave | Studio ,1BA | $1.00 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1.69 |
| Morton Apartments | 1BR/1BA | 1BR,1BA | $1.28 |
| Douglas Pointe Apartments | 1x1 | 1BR,1BA | $1.61 |
Quick Rent Budget Calculator
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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.
Best Local Schools in Hammond, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hammond, IN Rentals by Map
See the most popular apartments and homes in Hammond, IN
Hammond, IN Apartments MapHammond, IN Rental Homes MapGetting Around Hammond, IN
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,200.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.