1363 E Johns Ave
DecaturIL62521
Cheap Homes for Rent near Hammond, IL from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Hammond.
759 E Lawrence St
DecaturIL62521
401 S 19th St
DecaturIL62521
821 N Oakland Ave
DecaturIL62522
1719 W Olive St
DecaturIL62526
615 Harper Ave
DecaturIL62526
2490 E Prairie St
DecaturIL62521
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.
1966 N Lowber St
DecaturIL62526
117 S Elder Ln
DecaturIL62522
111 S Elder Ln
DecaturIL62522
545 W William St
DecaturIL62522
462 W Leafland Ave
DecaturIL62522
249 N 17th St
DecaturIL62521
1901 Nancy Ct
ChampaignIL61822
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.
Showing Results 1-14, Page 1 of 1
Hammond, IL Local Guide
Illinois Wind Farm by Tom Shockey is licensed under CC BY 2.0
How much does it cost to rent a home in Hammond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hammond 2 Bedroom Homes for Rent | $1,029 | $575 | $1,800 |
| Hammond 3 Bedroom Homes for Rent | $2,263 | $595 | $4,500 |
| Hammond 4 Bedroom Homes for Rent | $2,433 | $1,350 | $3,450 |
| Hammond 5 Bedroom Homes for Rent | $3,675 | $3,500 | $3,850 |
| Hammond 6 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Hammond
Explore Hammond
Hammond, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Westport Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $484. Here is today’s list of the most affordable Hammond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Westport Apartments | One Bedroom | 1BR,1BA | $484 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $497 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
Best Value Apartments for Rent in Hammond, IL and Nearby
As of July 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Place | 2 Bedroom Unit | 2BR,2BA | $1.00 |
| Tuscany Ridge Townhomes | 3 Bedroom Townhome (Standard Unit) | 3BR,2.5BA | $1.08 |
| Parkstone Villas | 2Bed/2Bth | 2BR,2BA | $1.08 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| Decatur Flats Apartments | 1 bed 1 bath Renovated | 1BR,1BA | $1.14 |
| Westport Apartments | One Bedroom | 1BR,1BA | $0.71 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $0.76 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very 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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Hammond area?
If you’re an expert on all things Hammond, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hammond, IL Rentals by Map
See the most popular apartments and homes in Hammond, IL
Frequently Asked Questions about Hammond
What type of rentals are currently available in Hammond?
There are currently 45 Apartments for Rent in Hammond, IL with pricing that ranges from $482 to $2,655. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hammond ranging from $575 to $4,500.
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 $575 to $4,500 with an average monthly rent of $2,259.
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 $641 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $595 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,469.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.
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.
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.