Last updated
Average Rent in Hammond, IN & Rent Trends
Rent prices and market trends across 2 apartment communities in Hammond, IN. Updated daily.
Market Average
$1,482/mo
Lowest Available
$1,072/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
12
available now
Is Rent Going Up or Down in Hammond, IN?
As of June 2026, the average rent in Hammond, IN is $1,482 per month across 2 apartment communities and 12 available units.
The most affordable option is Hammond Elderly Housing starting at $1,072/mo. By unit type, a studio averages $1,293/mo, a 1-bedroom averages $1,520/mo.
Prices range from $1,072 to $1,904 per month. The most common price point is the $1,200 range, where 4 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Hammond, IN
Rent Prices by Apartment in Hammond, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hammond Elderly Housing | $1,072/mo | $1,072/mo | 1 | 4.3 |
| The Banc Hammond | $1,245/mo | $1,519/mo | 11 | 4.1 |
Google Search Trends for Hammond, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Hammond, IN
What is the average rent in Hammond, IN?
Is rent going up or down in Hammond, IN?
What is the cheapest apartment in Hammond, IN?
How much is a 1-bedroom apartment in Hammond, IN?
How many apartments are available in Hammond, IN?
What salary do I need to live comfortably in Hammond, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$59,000/year
Based on the 30 percent rule, using our tracked average rent of $1,482/mo.
Comfortable income
$71,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,072/mo), you need to earn at least $43,000/year.
Median household income in Hammond, IN is $53,950 , about 24% below the comfortable-living threshold.
Cost of living in Hammond, IN
Overall prices in Hammond, IN runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Hammond, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,482 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,103/mo |
Population
77,098
Median household income
$53,950
Census median rent
$1,089/mo
Rent as % of income
31.0%
Median age
37.1
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Hammond, IN Apartments
Browse all 2 communities with daily-updated pricing and availability.