What's the average rent in Hobbs, NM?

Rental Market Trends in Hobbs, NM

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Hobbs, NM is $1,664 per month, which is 15% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,664

12.5%$185 increase month-over-month

-4.9%-$86 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,135

HOUSES

$2,200

TOWNHOUSES

$2,050

As of August 2026, apartments are the most affordable rental option in Hobbs, NM at $1,135 per month, while houses are the most expensive at $2,200 per month. Townhomes average $2,050 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$950
2 Bedrooms	$1,506
3 Bedrooms	$2,050
4 Bedrooms	$2,900
All	$1,664

As of August 2026, the average rent for a 1 bedroom rental in Hobbs, NM is $950 per month, followed by $1,506 for a 2 bedroom rental, $2,050 for a 3 bedroom rental, and $2,900 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$900
2 Bedrooms	$1,500
3 Bedrooms	$1,200
4 Bedrooms	—
All	$1,200

As of August 2026, the average rent for a 1 bedroom apartment in Hobbs, NM is $900 per month, followed by $1,500 for a 2 bedroom apartment, and $1,200 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,900
3 Bedrooms	$2,200
4 Bedrooms	$2,900
All	$2,200

As of August 2026, the average rent for a 2 bedroom house in Hobbs, NM is $1,900 per month, followed by $2,200 for a 3 bedroom house, and $2,900 for a 4 bedroom house.