5

Studio Apartments for Rent in Hammond, IN

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  • /22

    Starting at $999 Per Month

    • Studio - 3 Beds

    3400 Stevens Ct, Hammond, IN 46323

    We are conveniently located close to Purdue University Calumet Campus and Indiana University Northwest Campus. Excellent nearby shopping , with an easy access to Tri-State Expressway ( I-294), Kennedy Expressway (I-94) and Indiana's East-West Tollway.

    Kennedy Crossing Apartments

    3400 Stevens Ct, Hammond, IN 46323
  • /20

    Starting at $1,341 Per Month

    • Studio - 1 Bed

    5231 Hohman Ave, Hammond, IN 46320

    Discover a harmonious blend of historic charm and modern living at The Banc, nestled in the heart of downtown Hammond, Indiana. Housed within the meticulously renovated former Bank Calumet headquarters, this nine-story landmark offers a unique living experience that caters to contemporary lifestyles.Exceptional Amenity SpacesAt The Banc, residents enjoy a suite of thoughtfully

    The Banc Hammond

    5231 Hohman Ave, Hammond, IN 46320
  • /8

    $850 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    44 Warren St Unit 2F, Hammond, IN 46320

    Newly remodeled Studio apartment is ready for new renters. Newer flooring and recently painted throughout. Modern light fixtures to go along with stainless steel appliances. New high efficiency windows to keep the heat in during those fringed winter months! High efficiency heating and cooling. This unit is all electric which means no Gas bill from NIPSCO! Tenant responsible for Electric only.

    44 Warren St Unit 2F, Hammond, IN 46320
  • /5

    $700 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    4901 Walsh Ave Unit 2, East Chicago, IN 46312

    *** AVAILABLE MOVE-IN DATE 9/1***Prospective tenants are NOT REQUIRED TO PAY 3rd Party Application fees. ALL applications MUST be submitted via the PMI NWI website. Applications submitted through 3RD PARTY websites/vendors WILL NOT BE ACCEPTED.PLEASE SUBMIT ANY QUESTIONS THROUGH THE "REQUEST A TOUR", "CHECK AVAILABILITY", or other contact options provided.Welcome to this

    4901 Walsh Ave Unit 2, East Chicago, IN 46312

Why Live in Hammond

Hammond, Indiana sits near the Illinois state line and the shores of Lake Michigan, about 30 miles southeast of Chicago, with Interstate 90 to the north and Interstate 94 to the south and commuter rail and bus service into the city. Recent redevelopment has focused on recreation, with the Hammond Family YMCA and its family pool, fitness center and outdoor water park built on the site of a former mall next to the Hammond Sportsplex & Community Center. Parks are a major part of daily life, from Pulaski Park with lighted tennis courts and winter ice skating to Hessville Park’s spray park, skate park and short walking path. Edison Park adds an agility-focused playground, cornhole area and new trees, while Wolf Lake’s 800-plus acres draw residents for fishing, boating, birdwatching and free summer concerts at “The PAV,” plus the Wolf Lake Aquatic Play Center. Nearby Whihala Beach has 20 acres of sand along Lake Michigan. For indoor things to do, the Horseshoe Casino on the lakefront is a major employer and entertainment hub with restaurants, thousands of slot machines and a concert venue that brings in well-known performers. Most homes in Hammond date from the 1940s through the 1970s, with some properties near the Grand Calumet River in a moderate flood zone and air quality that can reach moderate levels, which may matter for people with respiratory concerns. Everyday needs are covered by Aldi, Food4Less, a Walmart Supercenter and a mix of Greek, Italian, Mexican and American diners along the main roads.

Frequently Asked Questions

How much does it cost to rent a home in Hammond, IN?
The median rent for a home in Hammond, IN is $1,485 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Hammond, IN?
To comfortably afford the median rent in Hammond, IN, a household needs to earn roughly $59,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,485 per month in Hammond, IN, renters typically need to show $4,455 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Hammond, IN?
In Hammond, IN, the price-to-rent ratio is 11.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Hammond, IN are best for renting a home?
The best neighborhood for renting in Hammond, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South Shore, Kenwood, River North, Auburn Gresham and Hyde Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,485
Median Single Family Home Rent
$1,695
Median Condo Rent
$1,399
How to Rent a Home