
Cheap Homes for Rent in Hammond, IN from $800 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Hammond.


3931 Catalpa St

3600 Sheffield Ave

514 W 144th St

3732 Deodar St

2851 Colfax St
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.

2833 Stevenson St

4714 Drummond St, Unit 1- First floor

331 157th St

4334 Hickory Ave

3324 E 136th St

219 Fernwood St
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.

541 Forsythe Ave

425 Tompkins St

7212 Tilley Dr

511-511 169th St

2045 New York Ave, Unit 2

237 142nd 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.

6821 Woodmar Ave

1314 121st St
Hammond, IN Local Guide

How much does it cost to rent a home in Hammond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hammond 2 Bedroom Homes for Rent | $1,540 | $925 | $2,400 |
| Hammond 3 Bedroom Homes for Rent | $2,499 | $1,350 | $4,550 |
| Hammond 4 Bedroom Homes for Rent | $2,300 | $1,650 | $2,950 |
| Hammond 5 Bedroom Homes for Rent | $1,900 | $800 | $3,000 |
Browse Top Homes for Rent in Hammond
Explore 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. 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 $1,069. 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 | $1,069 |
| Douglas Pointe Apartments | 2x1 | 2BR,1BA | $1,164 |
| Tanglewood | Phase II, Floorplan C, 1 Bedroom, 1 Bath | 1BR,1BA | $1,239 |
| Williamsburg Square | One Bedroom | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Hammond, IN
As of April 29, 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 9351 Kennedy Ave Model at 9351 Kennedy Ave, Unit #1 starting at $1,700 with a $1.55 price per square foot in the Fairmeadow 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 |
| 9351 Kennedy Ave, Unit #1 | 9351 Kennedy Ave | 2BR,2BA | $1.55 |
| 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 |
| 634 Sibley Blvd Calumet City, IL 60409 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.74 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1.69 |
| Hampton in Highland Apartments | Radcliff | 1BR,1BA | $1.75 |
| Park West | 1 Bedroom, 1 Bath Ground Level w Patio (728 sqft.) | 1BR,1BA | $1.73 |
| Morton Apartments | 1BR/1BA | 1BR,1BA | $1.28 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
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
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleA 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
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, 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 Hammond
What type of rentals are currently available in Hammond?
There are currently 303 Apartments for Rent in Hammond, IN with pricing that ranges from $779 to $2,849. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hammond ranging from $800 to $4,550.
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 $800 to $4,550 with an average monthly rent of $1,902.
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 $883 to $2,467, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $4,550. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,550.
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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
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.

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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.