What is the average rent of an apartment in 88240?

The average rent of an apartment in 88240 is $1,197 per month. This is about 39% 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.

The average rent of a 1 bedroom apartment in 88240 is $1,058 per month. That is about $362 more than the cost of a studio apartment.

There are 13 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
$1,205 - $1,215/mo
1 Bed
1 Bath
Homestead Apartments | 2100 E Settlers Pass,
Hobbs, NM 88240
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PET FRIENDLY
$1,362 - $1,849/mo
1-3 Beds
1-2 Baths
Windscape Apartments | 3901 N Central Dr,
Hobbs, NM 88240
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APPLY INSTANTLY
$1,500/mo
2 Beds
1.5 Baths
1,200 sqft
706 W Copper Ave #706,
Hobbs, NM 88240
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NEW - 2 DAYS AGO
$696/mo
Studio
1 Bath
300-304 W Saint Anne Pl #304-C,
Hobbs, NM 88240
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$1,300/mo
2 Beds
1 Bath
1,000 sqft
4125-4131 N Grimes St,
Hobbs, NM 88240
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$1,400/mo
2 Beds
2 Baths
4016-4022 N Calle Grande Grande,
Hobbs, NM 88240
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$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 decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.

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

	1 bed	2 beds	3 beds	4 beds	All
All home types	$1,214	$1,400	$1,950	$2,900	$1,400
Townhomes	—	$1,200	$1,950	—	$1,200
Apartments and Condos	$385	$1,300	$1,200	—	$1,200
Houses	$1,300	$1,400	$2,650	$2,900	$1,400

What is the average rent of an apartment in 88240?
The average rent of an apartment in 88240 is $1,197 per month. This is about 39% 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 does the rent of a 1 bedroom apartment compare to a studio apartment in 88240?
The average rent of a 1 bedroom apartment in 88240 is $1,058 per month. That is about $362 more than the cost of a studio apartment.
How many apartments or condos are available to rent in 88240?
There are 13 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.