
Cheap Apartments for Rent in Hammond, IN from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Hammond.


Morton Apartments

1248 Indiana St

5969 Park Pl
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.
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.

13449 S Baltimore Ave, Unit 1st Floor

3923 Elm 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.

3919 Deodar St
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.
Hammond, IN Local Guide

How much does it cost to rent an apartment in Hammond?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Hammond 1 Bedroom Apartments | $1,372 | $849 | $2,789 |
Cheap Hammond 2 Bedroom Apartments | $1,616 | $895 | $2,996 |
Cheap Hammond 3 Bedroom Apartments | $1,505 | $883 | $2,500 |
Cheap Hammond 4 Bedroom Apartments | $2,886 | $2,886 | $2,886 |
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 Studio unit found at 308 Elizabeth Street in the Bernice neighborhood priced from $895. Morton Apartments in the Fairmeadow neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Hammond apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
308 Elizabeth Street | Studio Apartment | Studio,1BA | $895 |
Morton Apartments | 1BR/1BA | 1BR,1BA | $895 |
Park West | 1 Bedroom, 1 Bath Ground Level w Patio (728 sqft.) | 1BR,1BA | $1,099 |
Williamsburg Square | One Bedroom | 1BR,1BA | $1,175 |
470 Gordon Ave | 2 Bedroom 1 Bath Garden unit | 2BR,1BA | $1,200 |
Hampton in Highland Apartments | Radcliff | 1BR,1BA | $1,216 |
Orchard Park | 1x1AR | 1BR,1BA | $1,229 |
Best Value Apartments for Rent in Hammond, IN
As of October 10, 2025 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 A Model at Boulevard North Townhomes starting at $1,349 with a $1.38 price per square foot in the Roxana 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 |
Boulevard North Townhomes | A | 2BR,1BA | $1.38 |
Farmer | 2x1A | 2BR,1BA | $1.46 |
9757 S Avenue M, Unit 2 | 9757 S Avenue M | 2BR,1BA | $1.33 |
8 Waltham St, Unit 1R | 8 Waltham St | 1BR,1BA | $1.15 |
Tanglewood | Phase I, Floorplan C, 2 Bedroom, 1 Bath | 2BR,1BA | $1.66 |
Orchard Park | 1x1AR | 1BR,1BA | $1.55 |
Hampton in Highland Apartments | Radcliff | 1BR,1BA | $1.59 |
13449 S Baltimore Ave, Unit 1st Floor | 13449 S Baltimore Ave | 1BR,1BA | $1.13 |
Morton Apartments | 1BR/1BA | 1BR,1BA | $1.28 |
Quick 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
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.