Hammond is a city with a mixture of commercial and residential areas which make this city a favorite in Indiana. Hammond is close to the Chicago area, and is packed with large corporations which provide a stable economy and job supply. Hammond rental homes vary in price and style. Many find a great aparment or condominium rental home in the city, while others choose to look for a rental house neighborhood. Newcomers to Indiana usually check out townhouse rentals in Indianapolis, then by word-of-mouth they hear about Hammond, which is definitely a great place to relocate.