What's the average rent in Hobbs, NM?

Rental Market Trends in Hobbs, NM

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SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Hobbs, NM is $1,800 per month, which is 6% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,800

28.6%$400 increase month-over-month

28.6%$400 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,150

HOUSES

$1,933

TOWNHOUSES

$1,328

As of May 2026, apartments are the most affordable rental option in Hobbs, NM at $1,150 per month, while houses are the most expensive at $1,933 per month. Townhomes average $1,328 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,106
2 Bedrooms	$1,400
3 Bedrooms	$1,950
4 Bedrooms	$3,200
All	$1,700

As of May 2026, the average rent for a 1 bedroom rental in Hobbs, NM is $1,106 per month, followed by $1,400 for a 2 bedroom rental, $1,950 for a 3 bedroom rental, and $3,200 for a 4 bedroom rental.

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

As of May 2026, the average rent for a 2 bedroom townhome in Hobbs, NM is $1,400 per month, followed by $2,200 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$900
2 Bedrooms	$1,700
3 Bedrooms	$2,650
4 Bedrooms	—
All	$1,200

As of May 2026, the average rent for a 1 bedroom apartment in Hobbs, NM is $900 per month, followed by $1,700 for a 2 bedroom apartment, and $2,650 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,395
3 Bedrooms	$1,950
4 Bedrooms	$3,200
All	$1,950

As of May 2026, the average rent for a 2 bedroom house in Hobbs, NM is $1,395 per month, followed by $1,950 for a 3 bedroom house, and $3,200 for a 4 bedroom house.