Rent in Hammond, IN
Across Hammond's 5 ZIP codes, a 2-bedroom typically rents for about $1,315 a month, with figures from $1,103–$1,540. The highest typical rent is in 46325 ($1,420) and the lowest in 46320 ($1,240). Owner-occupied homes in Lake County pay about 0.92% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,110 | $1,020–$1,204 | 5 |
| 1 bed | $1,160 | $714–$1,270 | 5 |
| 2 beds | $1,315 | $1,103–$1,540 | 5 |
| 3 beds | $1,484 | $1,113–$1,870 | 5 |
| 4 beds | $1,862 | $1,071–$2,050 | 5 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Hammond ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Hammond, IN?
- About $1,315 a month: the median of the typical rents in 5 ZIP codes, which range from $1,103–$1,540. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Hammond, IN?
- About $1,160 a month: the median of the typical rents in 5 ZIP codes, which range from $714–$1,270. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Hammond, IN?
- About $1,484 a month: the median of the typical rents in 5 ZIP codes, which range from $1,113–$1,870. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Hammond, IN?
- About $1,110 a month: the median of the typical rents in 5 ZIP codes, which range from $1,020–$1,204. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Hammond, IN?
- About $1,862 a month: the median of the typical rents in 5 ZIP codes, which range from $1,071–$2,050. Figures are gross rent (rent plus tenant-paid utilities).
- Which Hammond ZIP code has the highest rent?
- For a 2-bedroom, 46325 has the highest typical rent at $1,420 a month, and 46320 the lowest at $1,240.
- What is the property tax rate in Hammond, IN?
- Owner-occupied homes in Lake County pay a typical 0.92% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Hammond rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).