Hammond, IN Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hammond is $1,237, a 7.01% increase compared to the previous year, when the average rent was $1,156.
Studio Apartments at $860 offer the most budget-friendly option with 345 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 636 square feet for $1,133, balancing privacy and affordability.
Two-beedroom units at $1,331 offer 925 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,119 sq ft) for $1,662, suitable for larger households.
Average rent in Hammond, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,237 | 788 sq. ft. |
| Studio | $860 | 345 sq. ft. |
| 1 Bed | $1,133 | 636 sq. ft. |
| 2 Beds | $1,331 | 925 sq. ft. |
| 3 Beds | $1,662 | 1,119 sq. ft. |
Hammond, IN rent trends
Rental prices in Hammond, IN have increased by 7.01% over the past year. The average rent moved from $1,156 to $1,237.
What's the typical rent budget in Hammond, IN?
The largest share of rentals in Hammond, IN (75%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Hammond, IN?
11,025 or 37% of the households in Hammond, IN are renter-occupied while 18,394 or 63% are owner-occupied.
Most affordable neighborhoods in Hammond?
Hessville $1,119/month
Central Hammond $1,288/month
Woodmar $1,299/month
All of these neighborhoods fall below the city wide average of $1,237/month.Average Rent in Hammond, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Woodmar | $1,299 |
| Central Hammond | $1,288 |
| Hessville | $1,119 |
Hammond | Rent Comparison by Neighborhood
Rent in Central Hammond is 15% higher than in Hessville
Central Hammond rent is 4% higher than Hammond average
Hessville rent is 10% lower than Hammond average
How Hammond Compares to Other Cities
| City | Average Rent |
|---|---|
| Hammond | $1,237 |
| Indianapolis | $1,252 |
| Jeffersonville | $1,240 |
| Greenwood | $1,369 |
| New Albany | $1,121 |
| Bloomington | $1,631 |
| Noblesville | $1,545 |
| Carmel | $1,658 |
| Fishers | $1,646 |
| Fort Wayne | $1,143 |
| Lafayette | $1,198 |
| Merrillville | $1,370 |
| Riverdale, IL | $1,107 |
| Tinley Park, IL | $1,931 |
| Lansing, IL | $1,250 |
| Hobart, IN | $1,346 |
| Crown Point, IN | $1,664 |
| Matteson, IL | $2,406 |
| Oak Forest, IL | $1,342 |
| Oak Lawn, IL | $1,200 |
| Park Forest, IL | $1,521 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Hammond apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.