Cheap Homes for Rent in Hammond, IN from $700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Hammond.

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.

Read Article
property at 1035 Spruce St

1035 Spruce St

HammondIN46324

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-18, Page 1 of 1

Hammond, IN Local Guide

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 $1,059. 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$1,059
The Banc HammondUnits 311-911Studio,1BA$1,231
Douglas Pointe Apartments1x1 Classic1BR,1BA$1,240
Hampton in Highland ApartmentsStratford2BR,1BA$1,305

Best Value Apartments for Rent in Hammond, IN

As of July 22, 2025 the best value apartment in the Hammond area is the $0.93 price per square foot 922 Summer St Model at 922 Summer St, Unit 2 in the in the Roxana neighborhood starting from $1,400. 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.
922 Summer St, Unit 2922 Summer St2BR,1BA$0.93
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
Boulevard North TownhomesA2BR,1BA$1.38
Orchard Park2x1AR2BR,1BA$1.58
Park West2 Bedroom, 2 Bath (884 sqft.)2BR,2BA$1.80
TanglewoodPhase I, Floorplan D, 2 Bedroom, 1 Bath2BR,1BA$1.79
8 Waltham St, Unit 1R8 Waltham St1BR,1BA$1.15
4436 Olcott Ave, Unit Apt. B4436 Olcott Ave2BR,1BA$1.65
Bernice HomesTwo Bedroom home2BR,1BA$1.69
Morton Apartments1BR/1BA1BR,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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Hammond

What type of rentals are currently available in Hammond?

There are currently 314 Apartments for Rent in Hammond, IN with pricing that ranges from $795 to $3,039. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hammond ranging from $750 to $3,995.

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 $750 to $3,995 with an average monthly rent of $1,789.

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 $1,050 to $3,039, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,260. Four Bedroom Single-Family rentals are also available starting from $1,441 and Four Bedroom Apartments start at $2,400.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.