Hammond, IN Rental Market Trends

What is the average rent in Hammond?

The average rent for an apartment in Hammond is $1,084. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Hammond, IN

Last updated July 2023

Average Rent	Average Apartment Size
$1,084	788 sq. ft.

What is the average apartment size in Hammond?

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

11,549 or 39% of the households in Hammond, IN are renter-occupied while 17,772 or 61% are owner-occupied.

Hammond, IN rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Hammond, IN By Neighborhood

Neighborhood	Average Rent
South Hammond	$1,203
Central Hammond	$1,118
Woodmar	$1,084
Hessville	$1,061
North Hammond	$1,039
Robertsdale	$1,039

What are the most affordable neighborhoods in Hammond?

The most affordable neighborhoods in Hammond are North Hammond, where the average rent goes for $1,039/month, Robertsdale, where renters pay $1,039/mo on average, and Hessville, where the average rent goes for $1,061/mo. If you’re looking for other great deals, check out the listings from Woodmar ($1,084), Central Hammond ($1,118), and South Hammond ($1,203), where the asking prices are below the average Hammond rent of $1,084/mo.

What are the most expensive neighborhoods in Hammond?

The most expensive neighborhoods in Hammond are Woodmar ($1,084), Central Hammond ($1,118) and South Hammond ($1,203).

What are the most popular neighborhoods in Hammond?

The most popular neighborhood in Hammond is Central Hammond, where there are 3 listings with an average rent of $1,118. Next up is Hessville, where apartments go for $1,061/month, followed by South Hammond with $1,203 If you’re looking to rent in Hammond’s most popular neighborhoods, make sure to also check out Woodmar, where renters pay $1,084 on average, and North Hammond, where the average monthly rent is $1,039.

Hammond | Rent Comparison by Neighborhood

Rent in Central Hammond is 5% higher than in Hessville

$1,118

Central Hammond rent is 3% higher than Hammond average

Average Rent	$1,118

$1,061

Hessville rent is 2% lower than Hammond average

Average Rent	$1,061

How Hammond Compares to Other Cities

City	Average Rent
Chicago	$2,309
Indianapolis	$1,191
Oak Park	$2,118
Evanston	$2,295
New Albany	$1,050
Bloomington	$1,445
Greenwood	$1,231
Jeffersonville	$1,147
Lafayette	$1,003
Fort Wayne	$1,099
Lawrence	$1,056
South Bend	$1,205
Carmel	$1,653
Naperville	$1,904
Lansing	$1,137
Matteson	$2,640
Merrillville	$1,303
Riverdale	$940
Schaumburg	$1,794
Arlington Heights	$1,875
Hammond	$1,084

What is the average price for a storage unit in Hammond?

The average rent for a non-climate-controlled 10'x10' storage unit in Hammond is $154.33. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.