What is the average rent of an apartment in 88240?

The average rent of an apartment in 88240 is $1,067 per month. This is about 45% lower than the national average.

When is the average rent for an apartment cheapest in 88240?

In the last year, the average rent in 88240 was lowest in Feb 2025 when it was $775 per month.

In the last year, the average rent in 88240 was highest in Jun 2025 when it was $1,819 per month.

There are 12 available apartments or condos to rent in 88240.

Some nearby cities include: Monument , Eunice , Hobbs , Lovington , Maljamar , Loco Hills . These cities may have more rental options to explore.

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PET FRIENDLY
$1,309 - $1,859/mo
1-3 Beds
1-2 Baths
Windscape Apartments | 3901 N Central Dr,
Hobbs, NM 88240
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PET FRIENDLY
$1,200 - $1,505/mo
1-2 Beds
1-2 Baths
Homestead Apartments | 2100 E Settlers Pass,
Hobbs, NM 88240
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NEW - 2 DAYS AGO
$2,650/mo
3 Beds
2.5 Baths
1,375 sqft
3333 N McKinley St #B,
Hobbs, NM 88240
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$2,800/mo
2 Beds
1 Bath
2311 N Juniper Ln,
Hobbs, NM 88240
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$800/mo
1 Bed
1 Bath
111 W Dunnam St #1/2,
Hobbs, NM 88240
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$1,000/mo
2 Beds
1 Bath
703-709 W Calle Sur St #703,
Hobbs, NM 88240
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$825/mo
1 Bed
1 Bath
700 E Park St #2,
Hobbs, NM 88240
$1,200/mo
3 Beds
2 Baths
976 sqft
1122 E Broadway St #B-302,
Hobbs, NM 88240
$900/mo
1 Bed
1 Bath
580 sqft
1122 E Broadway St #B-103,
Hobbs, NM 88240
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Apartments For Rent Near 88240

Rent in 88240 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent for a apartment increased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.

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In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	$900	$1,231	$2,300	$2,800	$1,357
Apartments and Condos	$800	$1,020	$1,200	—	$1,020
Houses	—	$1,095	$2,400	$2,800	$2,400

What is the average rent of an apartment in 88240?
The average rent of an apartment in 88240 is $1,067 per month. This is about 45% lower than the national average.
When is the average rent for an apartment cheapest in 88240?
In the last year, the average rent in 88240 was lowest in Feb 2025 when it was $775 per month.
When is the average rent for an apartment most expensive in 88240?
In the last year, the average rent in 88240 was highest in Jun 2025 when it was $1,819 per month.
How many apartments or condos are available to rent in 88240?
There are 12 available apartments or condos to rent in 88240.
What are some cities near 88240?
Some nearby cities include: Monument, Eunice, Hobbs, Lovington, Maljamar, Loco Hills. These cities may have more rental options to explore.