Average Rent in Hammond, LA↑ Rents rising 2.5% YoY🔺 6th priciest in LA

Hammond, LA has rental prices ranging from $846/month to $1,457/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $851/month — 39% below the national average of $1,400/month. With a median household income of $57,256/year, spending $851/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Hammond Compares

With an average 2-bedroom rent of $1,099/month, Hammond ranks #6 most expensive of the 47 cities tracked in Louisiana — pricier than 75% of all US cities in our data.

The Hammond Rental Market

The Hammond, LA area has a population of about 135,218 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Hammond, LA have risen by $27/month (2.5%) over the past year, from $1,072 to $1,099. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Hammond, LA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,040. The local median household income of $57,256 exceeds that threshold by $23,216, making Hammond relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Hammond, LA is $224,418, giving a price-to-rent ratio of 17.0. With a break-even horizon of approximately 17 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Hammond, LA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Hammond?

Break-even analysis and mortgage estimates based on local market data.

Living in Hammond

Cost of living, job market, crime rates, and moving cost estimates.