Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Hammond, IN

As of July 2025, Hammond's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Hammond's average rent is 25.8% ($326) lower than the Indiana average of $1,263 and 47.2% ($838) lower than the U.S. average of $1,775.

Average Rent

$937

Monthly ChangeMonth Over Month Change

10.5% ($110)

Yearly ChangeYear Over Year Change

16.3% ($183)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$908	3.1% ($27)	4.7% ($41)
2 Beds	$1,271	0.1% ($1)	13.3% ($149)
3 Beds	$1,553	13.2% ($236)	0.3% ($5)

Nearby Cities	Average Rent	Avg. Rent vs. HammondAverage Rent vs. Hammond	Avg. Days on MarketAverage Days on Market
Calumet City	$1,190	27% ($253)	28 days
East Chicago	$897	4.3% ($40)	26 days
Lansing	$1,591	69.8% ($654)	29 days
Highland	$2,210	135.9% ($1273)	26 days
Dolton	$1,380	47.3% ($443)	27 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Hammond Rental Market FAQs

Explore rental prices, market trends, and availability in Hammond, IN.

What is the average rent in Hammond, IN?

The average rent in Hammond, IN is $937 per month.

What is the rental price range for homes in Hammond, IN?

Homes in Hammond typically rent for between $636 and $2,019 per month, with an average of $937 per month.

What is the average rent for different bedroom sizes in Hammond, IN?

In Hammond, the average rent for a 1-bedroom home is $908 per month, for a 2-bedroom home, $1,271 per month, and a 3-bedroom home is $1,553 per month.

How do rent prices in Hammond, IN compare with the national average?

The average rent in Hammond is 47.2% ($838) lower than the national average of $1,775 per month.

How have rent prices in Hammond, IN changed recently?

The average rent in Hammond has decreased by 10.5% ($110) in the last month and decreased by 16.3% ($183) over the past year.

How competitive is the rental market in Hammond, IN?

The rental market in Hammond, IN, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.

How long do rentals stay on the market in Hammond, IN?

In Hammond, IN, the average rental stays on the market for approximately 24 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Hammond, IN?

There are currently 18 rental properties available in Hammond, IN.

Can I afford to rent a home in Hammond, IN?

Based on the current averages, a household would need an annual income of $50,840 to comfortably afford a 2-bedroom home in Hammond.