
Cheap Apartments for Rent in Hammond, IN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Hammond.


Morton Apartments

1334 Indiana St

Southmoor Apartments

Lawndale Apartments

Virginia Apartments
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Saxony Town Homes

Greenbriar Apartments

Camelot Apartments

2650 164th Pl

Kennedy Crossing Apartments

Grand Orchard
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3808 Parrish Ave

5044 Olcott Ave

3919 Deodar St

Lakeside Garden Apartments

Lansing South Apartments

Divine Properties
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1131 Ridge Rd
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 | $1,000 | $1,000 | $1,000 |
| Cheap Hammond 1 Bedroom Apartments | $1,290 | $829 | $1,986 |
| Cheap Hammond 2 Bedroom Apartments | $1,524 | $800 | $2,883 |
| Cheap Hammond 3 Bedroom Apartments | $1,673 | $883 | $2,275 |
| Cheap Hammond 4 Bedroom Apartments | $2,143 | $1,400 | $2,886 |
Browse Top Apartments in Hammond
See all Apartments in HammondExplore Hammond
Hammond, IN Local Guide

- 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. 9600 S Avenue L in the South Chicago neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. 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 |
| 9600 S Avenue L | 1 Bedroom 1 Bath Apartment with dining | 1BR,1BA | $940 |
| Park West | 1 Bedroom, 1 Bath (704 sqft.) | 1BR,1BA | $1,069 |
| Douglas Pointe Apartments | 2x1 | 2BR,1BA | $1,164 |
| Hampton in Highland Apartments | Nottingham | 1BR,1BA | $1,189 |
Best Value Apartments for Rent in Hammond, IN
As of January 09, 2026 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 10422 S Avenue L Model at 10422 S Avenue L, Unit Upper starting at $1,600 with a $1.23 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 |
| 10422 S Avenue L, Unit Upper | 10422 S Avenue L | 2BR,1BA | $1.23 |
| 1155 N Indiana St, Unit B | 1155 N Indiana St | 2BR,1BA | $1.21 |
| 9752 S Avenue J | 9752 S Avenue J | 2BR,1BA | $1.30 |
| Boulevard North Townhomes | A | 2BR,1BA | $1.38 |
| Orchard Park | 2x1AR | 2BR,1BA | $1.49 |
| Hollywood Manor Townhomes | 2BD/1BA | 2BR,1BA | $1.56 |
| 8 Waltham St, Unit 1R | 8 Waltham St | 1BR,1BA | $1.15 |
| 9600 S Avenue L | 1 Bedroom 1 Bath Apartment with dining | 1BR,1BA | $1.32 |
| 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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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.
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
Written by: Nicole Harms
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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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!