Hammond, IN Rental Market Trends
What is the average rent in Hammond?
The average rent for an apartment in Hammond is $889, a 3% increase compared to the previous year, when the average rent was $862.
Average Rent in Hammond, IN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$889||3%||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
- Renter-occupied Households37%
- Owner-occupied Households62%
10,658 or 37% of the households in Hammond, IN are renter-occupied while 17,962 or 62% are owner-occupied.
Hammond, IN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Jun / 2021|
Average Rent in Hammond, IN By Neighborhood
What are the most affordable neighborhoods in Hammond?
The most affordable neighborhoods in Hammond are North Hammond, where the average rent goes for $829/month, Robertsdale, where renters pay $829/mo on average, and Central Hammond, where the average rent goes for $888/mo. If you’re looking for other great deals, check out the listings from Woodmar ($889), Hessville ($890), and South Hammond ($951), where the asking prices are below the average Hammond rent of $889/mo.
What are the most expensive neighborhoods in Hammond?
What are the most popular neighborhoods in Hammond?
The most popular neighborhood in Hammond is Woodmar, where there are 2 verified RENTCafé listings with an average rent of $889. Next up is Central Hammond, where apartments go for $888/month, followed by Hessville with $890 If you’re looking to rent in Hammond’s most popular neighborhoods, make sure to also check out South Hammond, where renters pay $951 on average, and North Hammond, where the average monthly rent is $829.
Hammond | Rent Comparison by Neighborhood
Rent in Central Hammond is 1% lower than in Hessville
Central Hammond rent is 1% lower than Hammond average
Hessville rent is 1% higher than Hammond average
How Hammond Compares to Other Cities
|Average Rent||Y-o-Y Change|