What is the average rent of a house in 88240?

The average rent of a house in 88240 is $1,450 per month. This is about 26% lower than the national average.

When is the average rent for a house cheapest in 88240?

In the last year, the average rent in 88240 was lowest in Nov 2025 when it was $1,600 per month.

In the last year, the average rent in 88240 was highest in Jan 2025 when it was $2,850 per month.

The average rent of a 3 bedroom house in 88240 is $1,900 per month. That is about $600 more than the cost of a 2 bedroom house.

There are 7 available houses 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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$1,300/mo
2 Beds
1 Bath
1,000 sqft
4125-4131 N Grimes St,
Hobbs, NM 88240
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$1,095/mo
2 Beds
1 Bath
800 sqft
1515 W Broadway Pl,
Hobbs, NM 88240
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$2,800/mo
4 Beds
2 Baths
2,784 sqft
Address Not Disclosed,
Hobbs, NM 88240
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APPLY INSTANTLY
$2,500/mo
Studio
1 Bath
1,800 sqft
7200 N Lovington Hwy,
Hobbs, NM 88240
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88240
Single Family Home
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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 house decreased in Sep 2026 compared to the previous month. Rent for houses peaked in Jan 2025.

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

	1 bed	2 beds	3 beds	4 beds	All
All home types	$900	$1,300	$1,928	$2,800	$1,300
Townhomes	—	—	$1,928	—	$1,928
Apartments and Condos	$900	$1,200	$2,650	—	$2,650
Houses	$750	$1,300	$1,900	$2,800	$1,450

What is the average rent of a house in 88240?
The average rent of a house in 88240 is $1,450 per month. This is about 26% lower than the national average.
When is the average rent for a house cheapest in 88240?
In the last year, the average rent in 88240 was lowest in Nov 2025 when it was $1,600 per month.
When is the average rent for a house most expensive in 88240?
In the last year, the average rent in 88240 was highest in Jan 2025 when it was $2,850 per month.
How does the rent of a 3 bedroom house compare to a 2 bedroom house in 88240?
The average rent of a 3 bedroom house in 88240 is $1,900 per month. That is about $600 more than the cost of a 2 bedroom house.
How many houses are available to rent in 88240?
There are 7 available houses 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.