How many apartments are available in Hammond, LA on Rentable.co?

Rentable.co has over 793 apartments available in Hammond.

What is the average rent for a one-bedroom apartment in Hammond, LA?

The average rent for a <a href='/hammond-la/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Hammond is around $1,020 per month.

What is the average rent for a two-bedroom apartment in Hammond, LA?

The average rent for a <a href='/hammond-la/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Hammond is around $1,230 per month.

How expensive is it to rent an apartment in Hammond, LA?

For a two-bedroom apartment in Hammond, the average rent price is $1,230 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Hammond, LA?

Based on average rent prices in Hammond, to afford a <a href='/hammond-la/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> you would need an annual household income of $41,000 to live comfortably.

Apartments Near Southeastern Louisiana University

Hammond:
November Rent Report

Welcome to the November 2024 Hammond Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Hammond rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Hammond and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Hammond average rent prices in the chart below.

Monthly Rent Report

$1,450

$1,090

$730

$360

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Hammond Rent Prices Decrease From October to November

Hammond rent prices decreased over the last month. From October to November, the city experienced a -3.31% decrease for the price of a one-bedroom apartment. The rent price for a Hammond one-bedroom apartments currently stands at $1,169.0.

When we take a look at the two-bedroom comparison from October to November, Hammond experienced a 0.16% increase for the price of a two-bedroom apartment. The rent price for a Hammond two-bedroom apartments currently stands at $1,288.0.

November Prices: Hammond vs. Surrounding Areas

Hammond, LA

Covington, LA

Mandeville, LA

$1,211

$1,169

$1,138

$400

$800

$1,200

$1,600

Median 1 BR Rent

Rent Prices in Hammond and Surrounding Areas

Rent prices have decreased in Hammond over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Hammond suburb increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Mandeville, LA .
Rent decreased in Covington, LA.
2 suburbs are currently priced lower than the city of Hammond.

November 2024 Pricing Trends: Hammond vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Hammond, LA

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,211

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

Hammond Rent Prices More Affordable Than Major Cities

Rent growth in Hammond over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Hammond average rent prices appear to be relatively affordable for local residents.

The price for a Hammond one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Hammond and surrounding area rent prices, take a look at the complete data set below.

Data set for Hammond and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Hammond, LA	$1,211.0	-1.70%	$1,286.0	2.31%
Mandeville, LA	$1,138.0	0.62%	$1,410.0	0.93%
Covington, LA	$1,169.0	-1.77%	$1,356.0	-1.74%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.