
Cheap Apartments for Rent in Hammond, MN from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Hammond.


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Essex Place

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Heritage Manor Apartments

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The Gates of Rochester

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Berkshire Village

River Glen

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Winchester Apartments & Townhomes

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Olympik Village Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Civic Square Apartments

Rochester Heights

Bella Grove

Technology Park

Bryk on Broadway

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West Willow

Forte Living of Rochester: 55+ Community!

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Silver Lake Crossing
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Dakota Townhomes

Northern Valley Apartments

Vue North Apartments

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The Riverview

Harvestview Place II

The Brittany's Apartments and Townhomes

Crown Apartments

City Centre Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Colonial Apartments

The Meadows Apartments

2604 4th Ave NE

Green Arbor Commons

28 6th Ave SE

Country View Apartments

Nue 52

Sunshine Highland Block
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.

ValleyHigh Flats II

The Midtown Apartments

Technology Park II

1872 Deerhaven Ln NE

2120 Valleyhigh Dr NW

Carty Family Apartments

32 11th St NW

Oakwood Meadows
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.

1808 42nd St NW

5916 Sandcherry Pl NW
Hammond, MN Local Guide

How much does it cost to rent an apartment in Hammond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hammond Studio Apartments | $1,364 | $960 | $1,629 |
| Hammond 1 Bedroom Apartments | $1,629 | $995 | $2,705 |
| Hammond 2 Bedroom Apartments | $1,925 | $795 | $3,399 |
| Hammond 3 Bedroom Apartments | $1,839 | $1,170 | $3,699 |
Browse Top Apartments in Hammond
See all Apartments in HammondExplore Hammond
Hammond, MN Local Guide
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Cheapest Available Hammond Apartments for Rent and Nearby
 The cheapest available apartment rental in Hammond, MN is a 1 Bed unit found at Essex Place in the Northwest Rochester neighborhood priced from $945. Heritage Manor Apartments in the Kutzky Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $960. Here is today’s list of the most affordable Hammond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Essex Place | One Bedroom - Finch | 1BR,1BA | $945 |
| Heritage Manor Apartments | Daisy | Studio,1BA | $960 |
| The Gates of Rochester | Carlyle | 1BR,1BA | $1,006 |
| Olympik Village Apartments | Zeus | 1BR,1BA | $1,090 |
| Rochester Heights | 1 Bedroom B | 1BR,1BA | $1,099 |
| Technology Park | Studio - 60% | 1BR,1BA | $1,144 |
| Forte Living of Rochester: 55+ Community! | Forte II- Blue Jay | Studio,1BA | $1,221 |
| Berkshire Village | 2 Bedroom Standard | 2BR,1BA | $1,279 |
| Harvestview Place II | 2 Bedroom | 2BR,2BA | $1,350 |
| The Riverview | 1 Bed + Den | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Hammond, MN and Nearby
As of July 25, 2026 the best value apartment in the Hammond area is the $1.51 price per square foot B7R Model at Sunset Trail Apartment Homes in the in the Northwest Rochester neighborhood starting from $1,826. The second greatest value Hammond apartment is the Three Bedroom Model at Dakota Townhomes starting at $1,420 with a $1.18 price per square foot in the Northwest Rochester 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. |
|---|---|---|---|
| Sunset Trail Apartment Homes | B7R | 2BR,2BA | $1.51 |
| Dakota Townhomes | Three Bedroom | 3BR,1.5BA | $1.18 |
| Georgetowne Homes | 2 Bedroom Income Restricted | 2BR,2BA | $1.21 |
| Essex Place | Three Bedroom - Falcon | 3BR,2BA | $1.37 |
| Technology Park II | 2 Bedroom C - MKT | 2BR,2BA | $1.58 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.45 |
| The Brittany's Apartments and Townhomes | 2 BD/1 BA | 2BR,1BA | $1.40 |
| Harvestview Place II | 2 Bedroom | 2BR,2BA | $1.40 |
| The Gates of Rochester | Carlyle | 1BR,1BA | $1.42 |
| Olympik Village Apartments | Zeus | 1BR,1BA | $1.56 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hammond, MN Rentals by Map
See the most popular apartments and homes in Hammond, MN
Frequently Asked Questions about Cheap Hammond Apartments
What is the Cheapest Studio apartment in Hammond?
Currently the most affordable Cheap Studio Apartment in Hammond is at Heritage Manor Apartments listed at $960.
How much is rent for a Cheap One Bedroom Hammond Apartment?
The lowest price for a Cheap One Bedroom Hammond Apartment is $945 at Essex Place.
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 $1,070 at Essex Place.
What is the most affordable Hammond Three Bedroom Apartment?
The best deal on a cheap Hammond Three Bedroom Apartment rental is at Essex Place and starts from $1,170.
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.