What is the average rent of an apartment in 88242?

The average rent of an apartment in 88242 is $1,930 per month. This is about 0% higher than the national average.

When is the average rent cheapest in 88242?

In the last year, the average rent in 88242 was lowest in Nov 2025 when it was $1,509 per month.

In the last year, the average rent in 88242 was highest in Jun 2025 when it was $2,489 per month.

There are 1 available apartments or condos to rent in 88242.

Some nearby cities include: Hobbs , Denver City , Lovington , Monument , McDonald , Seminole . These cities may have more rental options to explore.

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PET FRIENDLY
$1,845 - $2,126/mo
Total price
2-3 Beds
2 Baths
Oak Manor Villas | 3409 Live Oak St #3410C,
Hobbs, NM 88242
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Apartments For Rent Near 88242

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PET FRIENDLY
$1,165 - $1,555/mo
1-2 Beds
1-2 Baths
Homestead Apartments | 2100 E Settlers Pass #2099,
Hobbs, NM 88240
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PET FRIENDLY
$1,318 - $1,936/mo
1-3 Beds
1-2 Baths
Windscape Apartments | 3901 N Central Dr #K102,
Hobbs, NM 88240
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PET FRIENDLY
$725/mo
1 Bed
1 Bath
2315 N Jefferson St #4,
Hobbs, NM 88240
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APPLY INSTANTLY
$2,650/mo
3 Beds
2.5 Baths
1,375 sqft
3323 N McKinley St #A,
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
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$2,800/mo
3 Beds
2 Baths
2315 N Juniper Ln,
Hobbs, NM 88240
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$900/mo
1 Bed
1 Bath
580 sqft
1122 E Broadway St #B-103,
Hobbs, NM 88240
$1,395 - $1,625/mo
2-3 Beds
1-2 Baths
Washington Place | 1405 E Marland St #13721697,
Hobbs, NM 88240

Rent in 88242 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.

View as a graph

	1 bed	2 beds	3 beds	4 beds	All
All home types	—	$1,815	$2,090	—	$1,865
Houses	—	—	$1,800	—	$2,500

What is the average rent of an apartment in 88242?
The average rent of an apartment in 88242 is $1,930 per month. This is about 0% higher than the national average.
When is the average rent cheapest in 88242?
In the last year, the average rent in 88242 was lowest in Nov 2025 when it was $1,509 per month.
When is the average rent most expensive in 88242?
In the last year, the average rent in 88242 was highest in Jun 2025 when it was $2,489 per month.
How many apartments or condos are available to rent in 88242?
There are 1 available apartments or condos to rent in 88242.
What are some cities near 88242?
Some nearby cities include: Hobbs, Denver City, Lovington, Monument, McDonald, Seminole. These cities may have more rental options to explore.