What's the average rent in Hobbs, NM?

Rental Market Trends in Hobbs, NM

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Hobbs, NM is $1,453 per month, which is 25% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,453

-8.9%-$142 decrease month-over-month

3.8%$53 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,244

HOUSES

$2,200

TOWNHOUSES

$1,300

As of November 2026, apartments are the most affordable rental option in Hobbs, NM at $1,244 per month, while houses are the most expensive at $2,200 per month. Townhomes average $1,300 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$900
2 Bedrooms	$1,415
3 Bedrooms	$2,189
4 Bedrooms	$2,400
All	$1,453

As of November 2026, the average rent for a 1 bedroom rental in Hobbs, NM is $900 per month, followed by $1,415 for a 2 bedroom rental, $2,189 for a 3 bedroom rental, and $2,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,300
3 Bedrooms	$1,800
4 Bedrooms	—
All	$1,300

As of November 2026, the average rent for a 2 bedroom townhome in Hobbs, NM is $1,300 per month, followed by $1,800 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$725
2 Bedrooms	—
3 Bedrooms	$1,200
4 Bedrooms	—
All	$900

As of November 2026, the average rent for a 1 bedroom apartment in Hobbs, NM is $725 per month, followed by $1,200 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,095
3 Bedrooms	$2,200
4 Bedrooms	$2,400
All	$2,200

As of November 2026, the average rent for a 2 bedroom house in Hobbs, NM is $1,095 per month, followed by $2,200 for a 3 bedroom house, and $2,400 for a 4 bedroom house.