Rents are 4% below what Hammond's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,512 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Hammond usually run 0.7% below trend in February and 0.4% above it in November, about $17 a month apart at today's median. Based on 7 years of data.
Rent in Hammond is 0.3% below its high of $1,516 in August 2026, at $1,512 as of September 2026.
Rent in Hammond changed +4.3% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
From 2019 to 2024, rent in Hammond rose 38% while median household income rose 19.6% ($46,406 to $55,504). Rent outpaced income.
Rent in Hammond is 51.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($55,504) is $1,388 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,183); a 3-bedroom is $1,457.
The priciest of 3 ZIP codes in Hammond, 46324 ($1,668/mo), costs 28% more than the cheapest, 46320 ($1,307/mo).
East Chicago, 3 miles away, rents for 31% less ($1,040/mo), about $5,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Hammond. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Hammond, IN is majority owner-occupied, has a median income below the national average, 17.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hammond, IN has changed in 5 years
Across the past five years, the going rent in Hammond, IN has shifted from $1,100 to $1,512, up 37.5% since 2021. Median household income climbed from $48,107 to $55,504 between 2021 and 2024, a 15.4% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 39.4% to 37.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 13.8% to 17.4% across the same window. Taken together, the five-year picture in Hammond, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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At $1,512/mo, how Hammond rent compares to typical pay (30% rule).
Hammond rent by bedroom count
Median rent for each apartment size in Hammond. Click any size for full breakdown.
Tips for renters in Hammond
Last updated: October 17, 2026
The median rent in Hammond is $1,512/mo as of October 2026. A studio apartment averages $850/mo while a 2-bedroom runs $1,183/mo. One-bedroom apartments average $973/mo and 3-bedroom units go for $1,457/mo.
At 33% of local median household income ($55,504/yr), Hammond ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Hammond?
At $1,512/mo, rent takes ~33% of Hammond's median household income ($55,504/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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