Homes & Apartments for Rent in 46324

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What to Know About

Life in Hammond & Beyond

Hammond shares many of the great qualities that make Indiana a desirable place to live.

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 October 2026, 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 5.7% ($73) higher than the Indiana average of $1,270 and 26.2% ($476) lower than the U.S. average of $1,819.

Average Rent
$1,343
Monthly ChangeMonth Over Month Change
Increased2.2% ($29)
Yearly ChangeYear Over Year Change
Increased5.8% ($74)
Avg. Days on MarketAverage Days on Market
24
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,117 Increased1.6% ($18) Increased20.4% ($189)
2 Beds $1,406 Increased1.1% ($15) Increased17.3% ($207)
3 Beds $1,697 Decreased3.7% ($66) Increased2.2% ($37)
Nearby Cities Average Rent Avg. Rent vs. HammondAverage Rent vs. Hammond Avg. Days on MarketAverage Days on Market
Calumet City $1,341 Decreased0.1% ($2) 24 days
Lansing $1,547 Increased15.2% ($204) 28 days
East Chicago $969 Decreased27.8% ($374) 24 days
Highland $2,075 Increased54.5% ($732) 24 days
Whiting $1,229 Decreased8.5% ($114) 23 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.

The average rent in Hammond, IN is $1,343 per month.
Homes in Hammond typically rent for between $782 and $2,206 per month, with an average of $1,343 per month.
In Hammond, the average rent for a 1-bedroom home is $1,117 per month, for a 2-bedroom home, $1,406 per month, and a 3-bedroom home is $1,697 per month.
The average rent in Hammond is 26.2% ($476) lower than the national average of $1,819 per month.
The average rent in Hammond has increased by 2.2% ($29) in the last month and increased by 5.8% ($74) over the past year.
The rental market in Hammond, IN, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
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.
There are currently 45 rental properties available in Hammond, IN.
Based on the current averages, a household would need an annual income of $56,240 to comfortably afford a 2-bedroom home in Hammond.
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