Updated 9 Hours Ago
Location
5 Waltham St, Hammond, IN 46320, USA
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Property Overview
5 Waltham Street earns a strong overall impression with an 8.6 Zumper expert rating, supported by excellent value, standout amenities, and a highly convenient location. Heat and water are included, and its top-tier value-for-money score adds to its appeal for renters seeking a well-rounded property with clear transparency and solid everyday convenience.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Elementary school nearby
- Outdoor space
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $825 /mo | 1 unit available | Freshly painted 1-bedroom, 1-bathroom apartment in Hammond, IN, featuring hardwood floors and a spacious bedroom. The unit includes appliances, making move-in straightforward, and offers a clean, updated interior. Convenient layout and durable finishes provide a comfortable, low-maintenance living space. Please view our virtual you At https youtube com shorts zFcRJuFb7J4?is=xu66a4pn3jKJXOqH If you're interested in applying for any one of our properties, please submit one application per adult via our website at reedercompany com Application fee is $50. Once your application has been approved, a personal showing will be scheduled for any property you qualify to rent. If you have any questions about the property, please email **** QUALIFYING GUIDELINES 1. INCOME (Employment paystubs/references required) 2. CREDIT/BACKGROUND CHECKS 3. LANDLORD REFERENCE(S) INCOME REQUIREMENTS: Minimum household gross monthly income of $2,750. Tenant responsible for Cooking gas and Electric Proof of income with your 3 most recent paycheck stubs IS A MUST. Income is verified based on your year-to-date (YTD) pay, so if you started work after the 1st of the year, please be prepared to show your first paystub. APPLICANTS WHO ARE PAID CASH OR SELF EMPLOYED (tips included) must download his/her tax transcript from the IRS at https www irs gov individuals get-transcript No other proof will be accepted. 12 Month Lease. 1st Full Months Rent + 1 Month Security Deposit* Due at Move In. *Based on Credit application Not all properties are pet friendly. Please refer to our listings to verify which properties accepts a pet. This does not apply to Service/ESA Pet. If you have a pet, you will be required to complete an additional pet screening application which can be found here: https reedercompanies petscreening com We also require a local doctor's note stating need for Service/ESA Pet. Additionally, pet owners with a dog will be required to provide proof of renter's insurance at the time of lease signing that insures your dog with a minimum liability of $500,000 and adding Reeder Companies LLC to the policy as additional insured. |
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Amenities for 5 Waltham Street
Apartment Amenities
| Central Heat | Hardwood Floor |
| Heating | Spacious Bedroom |
Appliances
| Appliances Included | Fridge and Stove |
Grounds
| Outdoor Space |
Services
| Lawn/Snow Service | Water Sewage & Garbage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 12 |
|---|
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About 5 Waltham Street
Freshly painted 1-bedroom, 1-bathroom apartment in Hammond, IN, featuring hardwood floors and a spacious bedroom. The unit includes appliances, making move-in straightforward, and offers a clean, updated interior. Convenient layout and durable finishes provide a comfortable, low-maintenance living space. Please view our virtual you At https youtube com shorts zFcRJuFb7J4?is=xu66a4pn3jKJXOqH If you're interested in applying for any one of our properties, please submit one application per adult via our website at reedercompany com Application fee is $50. Once your application has been approved, a personal showing will be scheduled for any property you qualify to rent. If you have any questions about the property, please email **** QUALIFYING GUIDELINES 1. INCOME (Employment paystubs/references required) 2. CREDIT/BACKGROUND CHECKS 3. LANDLORD REFERENCE(S) INCOME REQUIREMENTS: Minimum household gross monthly income of $2,750. Tenant responsible for Cooking gas and Electric Proof of income with your 3 most recent paycheck stubs IS A MUST. Income is verified based on your year-to-date (YTD) pay, so if you started work after the 1st of the year, please be prepared to show your first paystub. APPLICANTS WHO ARE PAID CASH OR SELF EMPLOYED (tips included) must download his/her tax transcript from the IRS at https www irs gov individuals get-transcript No other proof will be accepted. 12 Month Lease. 1st Full Months Rent + 1 Month Security Deposit* Due at Move In. *Based on Credit application Not all properties are pet friendly. Please refer to our listings to verify which properties accepts a pet. This does not apply to Service/ESA Pet. If you have a pet, you will be required to complete an additional pet screening application which can be found here: https reedercompanies petscreening com We also require a local doctor's note stating need for Service/ESA Pet. Additionally, pet owners with a dog will be required to provide proof of renter's insurance at the time of lease signing that insures your dog with a minimum liability of $500,000 and adding Reeder Companies LLC to the policy as additional insured.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, 5 Waltham Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5 Waltham Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
5 Waltham Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
5 Waltham Street goes above and beyond to provide sought-after conveniences and desirable perks, including lawn/snow service. Renters looking for popular or luxurious features will find them here—and for that reason, 5 Waltham Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5 Waltham Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 5 Waltham Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 5 Waltham Street compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 1 mile away
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Hammond
1-bedroom apartments at 5 Waltham Street cost about 16% less than the average rent price for 1-bedroom apartments in Hammond.
Median rents as of Aug 1 2026.
Hammond
| Month | Median Rent |
|---|---|
| August 2024 | $875 |
| September 2024 | $896 |
| October 2024 | $900 |
| November 2024 | $900 |
| December 2024 | $858 |
| January 2025 | $845 |
| February 2025 | $845 |
| March 2025 | $739 |
| April 2025 | $811 |
| May 2025 | $784 |
| June 2025 | $778 |
| July 2025 | $784 |
| August 2025 | $973 |
| September 2025 | $920 |
| October 2025 | $826 |
| November 2025 | $877 |
| January 2026 | $875 |
| February 2026 | $859 |
| March 2026 | $842 |
| April 2026 | $853 |
| May 2026 | $850 |
| June 2026 | $863 |
| July 2026 | $859 |
| August 2026 | $800 |
Affordability calculator
Can I afford to live at 5 Waltham St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 1-bedroom monthly rent price of $825.
For more information on rent affordability, visit our rent calculator.
Schools near 5 Waltham Street
Lincoln Elementary School
410 157th st
calumet city, IL, 60409
PK, K-8Public
C-
Kenwood Elementary School
6416 hohman ave
hammond, IN, 46324
PK, K-6Public
C-
Burnham Elementary School
13945 s green bay ave
burnham, IL, 60633
PK, K-8Public
C-
Woodland Child Development Center
3027 j f mahoney dr
hammond, IN, 46323
PKPublic
Wolcott School
200 n wolcott st
thornton, IL, 60476
PK, K-8Public
B-
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Internet available near 5 Waltham Street
Getting around Hammond near 5 Waltham St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5 Waltham St, Hammond
Groceries
3/10
At least one grocery store within a 30-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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