How much does it cost to rent in Hammond, IN?

As of July 2026, the median monthly rent in Hammond, IN is $1,479. This figure is based on aggregated data from public sources and community-submitted rents.

Is Hammond cheaper than other Indiana cities?

Hammond falls in the middle range for Indiana, ranking #30 out of 65 cities at $1,479/mo.

When was Hammond rent data last updated?

Hammond rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Hammond

Name: Average Rent Prices in Hammond, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 76,768·30th most expensive in Indiana·Hammond rents are up 10.0% over the past year

Median rent (all units)

$1,479/mo

Year-over-Year

+10.0%

Month-over-Month

+3.4%

vs US Median

-$486

Rising (Monthly)

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Most AffordableMost Expensive

Hammond · $1,479

More affordable than 77% of US cities · National median $1,965/mo

Rent Reality Score

49/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Hammond's 10-year trend predicts.

Actual rent

$1,479/mo

Expected by trend

$1,469/mo

The Rent Reality Score compares today's median rent to where Hammond's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$850

1 BR

$973

2 BR

$1,183

3 BR

$1,457

4 BR+

$1,570

Research median

$1,183/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$17,748/yr

At $1,479/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.0% YoY, +3.4% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

76,768

Median income

$55,504

Median age

Renters

37.6%

Age distribution

23.5%

24.6%

25%

12.8%

14.2%

Under 1823.5%

18–3424.6%

35–5425%

55–6412.8%

65+14.2%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

37%

23.2%

40.2%

White37%

Black23.2%

Hispanic40.2%

Asian1.5%

Education (25+)

16.9%

37.7%

27.9%

17.4%

No HS diploma16.9%

HS diploma37.7%

Some college27.9%

Bachelor's+17.4%

Housing tenure

62.4%

37.6%

Owner62.4%

Renter37.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hammond, IN has changed in 5 years

Rent

$1,040 → $1,479

up 42.2%

Income

$48,107 → $55,504

up 15.4%

Population

77,491 → 76,768

down 0.9%

Renter share

39.4% → 37.6%

-1.8 pts

Bachelor's+

13.8% → 17.4%

+3.6 pts

Across the past five years, the going rent in Hammond, IN has shifted from $1,040 to $1,479, up 42.2% 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.

Community

Discussions about Hammond

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View Hammond rent history (2015–2026) →

Salary vs rent

Can you afford rent in Hammond on your salary?

At $1,479/mo, how Hammond rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 20.4% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 28.8% income

affordable

Police Officer

Avg $71,088/yr · Rent = 25% income

affordable

Software Developer

Avg $127,061/yr · Rent = 14% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 10.9% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 30.7% income

stretched

Truck Driver

Avg $52,173/yr · Rent = 34% income

stretched

Electrician

Avg $64,308/yr · Rent = 27.6% income

affordable

By apartment size

Hammond rent by bedroom count

Median rent for each apartment size in Hammond. Click any size for full breakdown.

Local insights

Tips for renters in Hammond

About renting in Hammond, IN

Last updated: July 20, 2026

The median rent in Hammond is $1,479/mo as of July 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 32% of local median household income ($55,504/yr), Hammond ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.0% over the past year.

FAQ

Frequently asked questions

Is Hammond an affordable city for renters?

Hammond is considered moderate for renters. At $1,479/mo, rent takes approximately 32% of the local median household income ($55,504/yr). The standard benchmark is 30%. Hammond slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Hammond?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,479/mo in Hammond. The local median household income is $55,504/yr, meaning the typical Hammond household falls short of that threshold.

Is rent going up or down in Hammond?

Rent in Hammond has increased 10.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Hammond neighborhoods have the lowest rent?

The most affordable ZIP codes in Hammond are 46320 ($1,389/mo), 46323 ($1,512/mo), and 46324 ($1,553/mo). Citywide, the median rent in Hammond is $1,479/mo.

How does Hammond rent compare to other cities in Indiana?

Hammond is middle-of-the-pack for Indiana for rent, ranking #30 out of 65 tracked cities at $1,479/mo.

Which nearby cities are cheaper to rent in than Hammond?

East Chicago is nearby and more affordable at $1,019/mo, which is $460 less than Hammond.

What percentage of Hammond residents rent vs. own?

According to Census data, approximately 37.6% of Hammond households are renters, while 62.4% are owner-occupied. Hammond leans toward homeownership, which can mean a smaller rental inventory.

How does Hammond rent compare to the national average?

Hammond's median rent of $1,479/mo is $486 (25%) below the US national median of $1,965/mo. Within Indiana, it ranks #30 out of 65 tracked cities.

Income Affordability

32%

MODERATE

At $1,479/mo, rent takes ~32% of Hammond's median household income ($55,504/yr). The standard benchmark is 30%.

Hammond 32%Benchmark 30%

State income tax3.05%

Run the Hammond affordability calculator →

Nearby cities