
Cheap Apartments for Rent in Hammond, IN from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Hammond.


Morton Apartments

8 Waltham St, Unit 1R, Unit 1R

Douglas Pointe Apartments

Southmoor Apartments

Lawndale Apartments

Virginia Apartments

Saxony Town Homes

Greenbriar Apartments
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.

5716 Calumet Ave, Unit 4, Unit 4

Camelot Apartments

2650 164th Pl

Kennedy Crossing Apartments

Grand Orchard

Golden Manor

3 Waltham St

McLaughlin Apartments

4117 Euclid Ave
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.

Park West

1442 John St, Unit 2

Total Monthly Price
18329 West St, Unit 3W, Unit 3W

803 E Chicago Ave

Total Monthly Price
2117 Porte Deleau Ct

Lakeside Garden Apartments

Lansing South Apartments

Divine Properties

1131 Ridge Rd
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.

East Side Apartments

3732 Deodar St

1500 W Fred St

523 W Columbus Dr

Riverwood Apartment Homes

3020 178th St

3927 Elm St

331 157th St

2851 Colfax St
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.

308 Elizabeth Street Calumet City, IL 60409
Hammond, IN Local Guide

How much does it cost to rent an apartment in Hammond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Hammond Studio Apartments | $1,277 | $1,245 | $1,341 |
| Cheap Hammond 1 Bedroom Apartments | $1,400 | $849 | $2,150 |
| Cheap Hammond 2 Bedroom Apartments | $1,542 | $995 | $2,558 |
| Cheap Hammond 3 Bedroom Apartments | $1,776 | $883 | $2,301 |
Browse Top Apartments in Hammond
See all Apartments in HammondExplore Hammond
Hammond, IN Local Guide

- Hammond Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Outlying North Lake County IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,124. 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 |
| Park West | 1 Bedroom, 1 Bath NO PATIO OR BALCONY (672 sqft.) | 1BR,1BA | $1,124 |
| Douglas Pointe Apartments | 2x1 | 2BR,1BA | $1,164 |
| 470 Gordon | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,225 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1,350 |
| Hollywood Manor Townhomes | 2BD/1BA | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Hammond, IN
As of May 26, 2026 the best value apartment in the Hammond area is the $0.93 price per square foot 1212 W 148th St Model at 1212 W 148th St in the in the Roxana neighborhood starting from $1,300. The second greatest value Hammond apartment is the 23 Mason St Model at 23 Mason St, Unit Hammond starting at $1,950 with a $1.39 price per square foot in the Bernice 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. |
|---|---|---|---|
| 1212 W 148th St | 1212 W 148th St | 2BR,1BA | $0.93 |
| 23 Mason St, Unit Hammond | 23 Mason St | 3BR,1BA | $1.39 |
| Harbor Point Estates | Double & Single Used | 3BR,2BA | $1.12 |
| 9351 Kennedy Ave, Unit Lower Unit , apt 1 | 9351 Kennedy Ave | 2BR,2BA | $1.45 |
| 10912 S Avenue J, Unit Basement | 10912 S Avenue J | 1BR,1BA | $1.25 |
| Hampton in Highland Apartments | Stratford | 2BR,1BA | $1.58 |
| Hollywood Manor Townhomes | 2BD/1BA | 2BR,1BA | $1.56 |
| 8 Waltham St, Unit 1R | 8 Waltham St | 1BR,1BA | $1.15 |
| Douglas Pointe Apartments | 2x1 | 2BR,1BA | $1.37 |
| Morton Apartments | 1BR/1BA | 1BR,1BA | $1.28 |
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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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Read ArticleReal 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.
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.
Hammond, INPopulation: 75,795
Ranked #467
in US Census Population by City
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
Frequently Asked Questions about Cheap Hammond Apartments
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 $995 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
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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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