Cheap Apartments for Rent in Hammond, IL from $400 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hammond.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Colony Court
$1,135 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $1,285
Total Monthly Price
$1,135 - $1,285
2 to 3 Bedroom Apartments Available Now

Colony Court

502 S Mattis AveChampaign, IL 61821
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Rider Place
1 to 3 Bedroom Apartments

Rider Place

9 Wills PlArcola, IL 61910
  • Utilities Included
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600 Marshall Ave
1 to 2 Bedroom Apartments

600 Marshall Ave

600 Marshall AveMattoon, IL 61938
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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
Corporate Housing
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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State & Cedar
1 to 2 Bedroom Apartments

State & Cedar

1407 S State StChampaign, IL 61820
Student Housing
  • Utilities Included
Showing Results 1-49, Page 1 of 1

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 Westport Apartments priced from $484. Country Place-Moweaqua I & ll has the second lowest priced unit, which is a 1 Bed apartment currently listed from $497. Here is today’s list of the most affordable Hammond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westport ApartmentsOne Bedroom1BR,1BA$484
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$497
Roosevelt School ApartmentsStudioStudio,1BA$502
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$600
Timber CoveThe RegattaStudio,1BA$690
616 S 6th St0/1Studio,1BA$699
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
The Quarry ApartmentsRhyolite2BR,1BA$840

Best Value Apartments for Rent in Hammond, IL and Nearby

As of June 21, 2026 the best value apartment in the Hammond area is the $1.00 price per square foot 2 Bedroom Unit Model at Park Place in the starting from $1,405. The second greatest value Hammond apartment is the 3 Bedroom Townhome (Standard Unit) Model at Tuscany Ridge Townhomes starting at $1,375 with a $1.08 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.
Park Place2 Bedroom Unit2BR,2BA$1.00
Tuscany Ridge Townhomes3 Bedroom Townhome (Standard Unit)3BR,2.5BA$1.08
Colony CourtThree Bedroom3BR,1BA$1.19
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
2474 N Florian102BR,1.5BA$1.13
The Quarry ApartmentsRhyolite2BR,1BA$1.14
Westport ApartmentsOne Bedroom1BR,1BA$0.71
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$0.76
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Hammond, IL Rentals by Map

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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 Roosevelt School Apartments listed at $502.

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

The lowest price for a Cheap One Bedroom Hammond Apartment is $484 at Westport 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 $507 at RESERVE AT LAKEVIEW.

What is the most affordable Hammond Three Bedroom Apartment?

The best deal on a cheap Hammond Three Bedroom Apartment rental is at Westport Apartments and starts from $665.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.