Apartments in 88240
6 rentals
Use arrow keys to navigatePET FRIENDLY$1,205 - $1,510/mo
1-2 Beds
1-2 BathsHomestead Apartments | 2100 E Settlers Pass #3119763,
Hobbs, NM 88240
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Apartments For Rent Near 88240
We found 4 more apartments matching your filters just outside 88240
Use arrow keys to navigateNEW - 4 HRS AGOPET FRIENDLY
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Average Rent Trends in 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 Jun 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $981 |
| Aug 2025 | $1,112 |
| Sep 2025 | $1,330 |
| Oct 2025 | $1,527 |
| Nov 2025 | $1,197 |
| Dec 2025 | $1,349 |
| Jan 2026 | $1,167 |
| Feb 2026 | $1,204 |
| Mar 2026 | $1,187 |
| Apr 2026 | $979 |
| May 2026 | $1,195 |
| Jun 2026 | $1,230 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $995 | $1,231 | $1,950 | $3,700 | $1,309 |
| Townhomes | — | $1,400 | — | — | $1,400 |
| Apartments and Condos | $995 | $1,200 | $1,200 | — | $995 |
| Houses | $750 | $1,200 | $2,050 | $3,700 | $1,500 |
Frequently Asked Questions about Apartments and Condos for rent in 88240
- What is the average rent of an apartment in 88240?The average rent of an apartment in 88240 is $1,196 per month. This is about 39% lower than the national average.
- When is the average rent 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 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?