Cheap Apartments for Rent in Hammond, IN from $500 (19 Rentals)

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Southmoor Apartments
Studio to 1 Bedroom Apartments

Southmoor Apartments

5946 Hohman AveHammond, IN 46320
  • Utilities Included
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Lawndale Apartments
1 to 2 Bedroom Apartments

Lawndale Apartments

6930 Hohman AveHammond, IN 46324
  • Utilities Included
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

6905-6915 Magoun AveHammond, IN 46324
  • Utilities Included
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Saxony Town Homes
2 to 4 Bedroom Apartments

Saxony Town Homes

1349 175th StHammond, IN 46324

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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Greenbriar Apartments
Studio to 2 Bedroom Apartments

Greenbriar Apartments

3510 173rd StHammond, IN 46323
  • Utilities Included
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Camelot Apartments
Studio to 1 Bedroom Apartments

Camelot Apartments

6423 Kennedy AveHammond, IN 46323
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2650 164th Pl
1 Bedroom Apartments

2650 164th Pl

2650 164th PlHammond, IN 46323
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Grand Orchard
1 to 2 Bedroom Apartments

Grand Orchard

3605 Orchard DrHammond, IN 46323
  • 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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Divine Properties
1 to 3 Bedroom Apartments

Divine Properties

816 E 38th PlGriffith, IN 46319
  • Utilities Included

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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1131 Ridge Rd
1 Bedroom Apartments

1131 Ridge Rd

1131 Ridge RdMunster, IN 46321
Furnished
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Hammond, IN Local Guide

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Staff Writer
Local Guide Expert

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 $1,139. Here is today’s list of the most affordable Hammond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Morton Apartments1BR/1BA1BR,1BA$895
Park West1 Bedroom, 1 Bath NO PATIO OR BALCONY (672 sqft.)1BR,1BA$1,139
Douglas Pointe Apartments1x11BR,1BA$1,180
Williamsburg SquareOne Bedroom1BR,1BA$1,195
Orchard Park1x1AR1BR,1BA$1,269

Best Value Apartments for Rent in Hammond, IN

As of November 25, 2025 the best value apartment in the Hammond area is the $1.12 price per square foot 18329 West St Model at 18329 West St, Unit 2 in the in the Bernice neighborhood starting from $1,900. The second greatest value Hammond apartment is the Double & Single Used Model at Harbor Point Estates starting at $1,450 with a $1.12 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 ListingModel NameBed/BathPrice Per Sq.Ft.
18329 West St, Unit 218329 West St3BR,1.5BA$1.12
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
821 Becker St, Unit Becker Garden Unit821 Becker St2BR,1BA$1.32
Boulevard North TownhomesA2BR,1BA$1.38
2014 Davis Ave, Unit 1st fl2014 Davis Ave2BR,1BA$1.35
4436 Olcott Ave, Unit Apt. B4436 Olcott Ave2BR,1BA$1.65
8 Waltham St, Unit 1R8 Waltham St1BR,1BA$1.15
Orchard Park1x1AR1BR,1BA$1.60
Morton Apartments1BR/1BA1BR,1BA$1.28
3616 Ivy St, Unit 2F3616 Ivy St1BR,1BA$1.58

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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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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.

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

Explore Hammond, IN Rentals by Map

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Getting Around Hammond, IN

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

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

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.