Hammond, Louisiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hammond, Louisiana rental market.
Hammond, Louisiana
Average Apartment Rent
$1,301
Y-o-Y Change in Average
Apartment Rent
0.5%
As of March 2026
Compared to a year ago, Hammond, Louisiana apartments have recorded a 0.5% rent increase.
Hammond, Louisiana Average apartment rent trend
Hammond, Louisiana Average Apartment Rent
Hammond, Louisiana Apartment rent ranges
At 35.44%, apartments priced $1,000 - $1,500 represent the bulk of Hammond, Louisiana rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 0.61%.
Hammond, Louisiana Housing tenure**
Renters take up 51% of Hammond, Louisiana real estate, occupying a total of 3,356 units, while homeowners live in 3,222 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$22,650
Average household size of renter-occupied housing units**
2.57
Rental vacancy rate**
11.1%
Hammond, Louisiana Renter-occupied housing units by no. of bedrooms**
There are 1,512 rentals in Hammond, Louisiana with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 44 units. Overall, the median number of rooms in Hammond, Louisiana homes for rent is 4.2.
Hammond, Louisiana Renter-occupied units by age of householder**
Most condos for rent in Hammond, Louisiana are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 15 - 24 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Hammond, Louisiana Renter-occupied housing units by family type**
Hammond, Louisiana Renter-occupied housing units by the presence of own children**
A total of 1,544 apartments for rent in Hammond, Louisiana, or 46% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 1,039 units. All in all, the median size of a renter-occupied household in Hammond, Louisiana is 2.57.
Hammond, Louisiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Hammond, Louisiana.
Hammond, Louisiana Renter-occupied units by year structure built**
The highest share of Hammond, Louisiana apartment rentals, namely 22% or 722 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (17%, 585 units), and the ones Built 1980 - 1989 (15%, 497 units).
Hammond, Louisiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Hammond, Louisiana renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Hammond, Louisiana condos for rent is 2017.
Hammond, Louisiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Hammond, Louisiana renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 14% have No vehicle available.
Hammond, Louisiana Means of transportation to work of householders living in renter-occupied housing units**
Hammond, Louisiana Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hammond, Louisiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
