What's the average rent in Hobbs, NM?

Rental Market Trends in Hobbs, NM

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Hobbs, NM is $1,345 per month, which is 31% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,345

-3.9%-$55 decrease month-over-month

-14.8%-$233 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,700

HOUSES

$1,450

TOWNHOUSES

$1,928

As of September 2026, houses are the most affordable rental option in Hobbs, NM at $1,450 per month, while townhomes are the most expensive at $1,928 per month. Apartments average $1,700 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	$1,300
3 Bedrooms	$2,083
4 Bedrooms	$2,800
All	$1,345

As of September 2026, the average rent for a 1 bedroom rental in Hobbs, NM is $900 per month, followed by $1,300 for a 2 bedroom rental, $2,083 for a 3 bedroom rental, and $2,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	—
3 Bedrooms	$1,928
4 Bedrooms	—
All	$1,928

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

As of September 2026, the average rent for a 1 bedroom apartment in Hobbs, NM is $900 per month, followed by $1,200 for a 2 bedroom apartment, and $2,650 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$750
2 Bedrooms	$1,300
3 Bedrooms	$1,900
4 Bedrooms	$2,800
All	$1,450

As of September 2026, the average rent for a 1 bedroom house in Hobbs, NM is $750 per month, followed by $1,300 for a 2 bedroom house, $1,900 for a 3 bedroom house, and $2,800 for a 4 bedroom house.