Cheap Apartments for Rent in 88231
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Apartments For Rent Near 88231
We found 20 more apartments matching your filters just outside 88231
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- PET FRIENDLY$1,165 - $1,555/mo1-2 Beds1-2 BathsHomestead Apartments | 2100 E Settlers Pass #2018,
Hobbs, NM 88240 - Total price$1,840 - $2,078/mo2-3 Beds2 BathsOak Manor Villas | 3409 Live Oak St #3528B,
Hobbs, NM 88242
Average Rent Trends in 88231
Rent in 88231 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jan 2025 | $2,200 |
| Oct 2025 | $2,000 |
| Nov 2025 | $2,000 |
| Dec 2025 | $2,000 |
| Jan 2026 | $1,900 |
| Mar 2026 | $1,200 |
| May 2026 | $1,500 |
Average Rent By Bedroom and Home Type
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | — | $1,500 | — | — | $1,500 |
| Houses | — | $1,500 | — | — | $1,500 |
Frequently Asked Questions about Rentals in 88231
- What is the average rent in 88231?The average rent in 88231 is $1,500. Rent prices range from $1,500 to as much as $1,500, depending on the type of rental.
- How does the rent in 88231 compare to the national average?Average rent in 88231 is about 22% lower than the national average rent of $1,930. That means it is less expensive to rent in 88231 compared to the U.S. average.
- What is the average rent in 88231, by number of bedrooms?The average rent in 88231 is $ for a studio, $ for a 1 bedroom, $1,500 for a 2 bedroom, $ for a 3 bedroom, and $ for a 4 bedroom.
- How have rent prices in 88231 changed compared to last year?In the past year, the average rent price in 88231 has increased by $750. That means the average rent is 50% higher than last year.
- How many available rental listings are in 88231?There are 1 available rental listings in 88231.
- What are some cities near 88231?