Luxury 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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- Total price$1,845 - $2,119/mo2-3 Beds2 BathsOak Manor Villas | 3409 Live Oak St #3410C,
Hobbs, NM 88242 - $1,165 - $1,555/mo1-2 Beds1-2 BathsHomestead Apartments | 2100 E Settlers Pass #2091,
Hobbs, NM 88240
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 of an apartment in 88231?The average rent of an apartment in 88231 is $800 per month. This is about 59% lower than the national average.
- What is the average rent of a house in 88231?The average rent of a house in 88231 is $1,500 per month. This is about 22% lower than the national average.
- When is the average rent cheapest in 88231?In the last year, the average rent in 88231 was lowest in Oct 2025 when it was $2,000 per month.
- When is the average rent most expensive in 88231?In the last year, the average rent in 88231 was highest in Jan 2025 when it was $2,200 per month.
- How many available rental listings are in 88231?There are 1 available rental listings in 88231.
- What are some cities near 88231?