Hammond, IN Rental Market Trends
The average rent for an apartment in Hammond is $862, a 2% increase compared to the previous year, when the average rent was $848.
Average Rent in Hammond, IN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$862||2%||788 sq. ft.|
The average size for a Hammond, IN apartment is 788 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Hammond, IN Apartment Rent Ranges
Hammond, IN Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
9,943 or 35% of the households in Hammond, IN are renter-occupied while 18,358 or 64% are owner-occupied.
Hammond, IN Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Hammond, IN By Neighborhood
The most affordable neighborhoods in Hammond are North Hammond, where the average rent goes for $807/month, Robertsdale, where renters pay $807/mo on average, and Hessville, where the average rent goes for $855/mo. If you’re looking for other great deals, check out the listings from Woodmar ($862), Central Hammond ($873), and South Hammond ($944), where the asking prices are below the average Hammond rent of $862/mo.
The most expensive neighborhoods in Hammond are Woodmar ($862), Central Hammond ($873) and South Hammond ($944).
The most popular neighborhood in Hammond is Central Hammond, where there are 1 verified RENTCafé listings with an average rent of $873. Next up is Hessville, where apartments go for $855/month, followed by Woodmar with $862 If you’re looking to rent in Hammond’s most popular neighborhoods, make sure to also check out North Hammond, where renters pay $807 on average, and Robertsdale, where the average monthly rent is $807.
Hammond | Rent Comparison by Neighborhood
Rent in Central Hammond is 2% higher than in Hessville
Central Hammond rent is 1% higher than Hammond average
Hessville rent is 1% lower than Hammond average
How Hammond Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Hammond rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!