Apartments in 88240
8 rentals
Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$1,180 - $1,545/mo
1-2 Beds
1-2 BathsHomestead Apartments | 2100 E Settlers Pass #2090,
Hobbs, NM 88240
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Apartments For Rent Near 88240
We found 3 more apartments matching your filters just outside 88240
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Use arrow keys to navigate$1,200/mo2 Beds1 Bath2001-2111 West Jackson Avenue | 2001-2111 W Jackson Ave #2105,
Lovington, NM 88260
Use arrow keys to navigatePET FRIENDLYTotal price$1,808 - $2,099/mo2-3 Beds2 BathsOak Manor Villas | 3409 Live Oak St #3410C,
Hobbs, NM 88242
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 decreased in Apr 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| May 2025 | $1,648 |
| Jun 2025 | $1,819 |
| 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 |
Average Rent By Bedroom and Home Type
In May 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 | $1,106 | $1,400 | $1,895 | $3,217 | $1,611 |
| Townhomes | — | $1,400 | $2,200 | — | $1,400 |
| Apartments and Condos | $725 | $1,450 | $2,800 | — | $1,100 |
| Houses | $750 | $1,395 | $1,875 | $3,211 | $1,900 |
Frequently Asked Questions about Apartments and Condos for rent in 88240
- What is the average rent of an apartment or condo in 88240?The average rent of an apartment or condo in 88240 is $1,245. Rent prices range from $800 to as much as $2,800, depending on the type of apartment or condo.
- How does the rent of an apartment or condo in 88240 compare to the national average?Average rent of an apartment or condo in 88240 is about 35% lower than the national average rent of $1,910 for an apartment or condo. That means it is less expensive to rent an apartment or condo in 88240 compared to the U.S. average.
- What is the average rent of an apartment or condo in 88240, by number of bedrooms?The average rent of an apartment or condo in 88240 is $ for a studio, $990 for a 1 bedroom, $1,258 for a 2 bedroom, $1,814 for a 3 bedroom, and $ for a 4 bedroom.
- How have rent prices of an apartment or condo in 88240 changed compared to last year?In the past year, the average rent price of an apartment or condo in 88240 has decreased by $484. That means the average rent of an apartment or condo is 39% lower than last year.
- How many apartments or condos are available to rent in 88240?There are 9 available apartments or condos to rent in 88240.
- What are some cities near 88240?