What is the average rent of an apartment in Hobbs, NM?

The average rent of an apartment in Hobbs, NM is $1,269 per month. This is about 35% lower than the national average.

When is the average rent for an apartment cheapest in Hobbs, NM?

In the last year, the average rent in Hobbs, NM was lowest in Feb 2025 when it was $775 per month.

In the last year, the average rent in Hobbs, NM was highest in Jun 2025 when it was $1,819 per month.

There are 9 available apartments or condos to rent in Hobbs, NM.

Hobbs, NM includes zip codes such as: 88240 , 88260 , 88242 , 88265 , 88241 .

Some nearby cities include: Monument , Lovington , Eunice , Denver City , Maljamar . These cities may have more rental options to explore.

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PET FRIENDLY
$1,310 - $1,485/mo
1-2 Beds
1-2 Baths
Homestead Apartments | 2100 E Settlers Pass #1097,
Hobbs, NM 88240
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NEW - 1 DAY AGO
PET FRIENDLY
$1,299 - $1,787/mo
1-3 Beds
1-2 Baths
Windscape Apartments | 3901 N Central Dr #F103,
Hobbs, NM 88240
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APPLY INSTANTLY
FURNISHED
$1,200/mo
Total price
1 Bed
1 Bath
615 N Marland Blvd #A,
Hobbs, NM 88240
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NEW - 2 DAYS AGO
$385/mo
1 Bed
1 Bath
501 W Alto Dr #501,
Hobbs, NM 88240
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$1,850/mo
3 Beds
2 Baths
7824 S Dal Paso St,
Hobbs, NM 88242
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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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$900/mo
1 Bed
1 Bath
580 sqft
1122 E Broadway St #B-103,
Hobbs, NM 88240
PET FRIENDLY
$1,895 - $2,372/mo
Total price
2-3 Beds
2-3 Baths
Oak Manor Villas | 3409 Live Oak St #3514B,
Hobbs, NM 88242
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Apartments For Rent Near Hobbs, NM

Rent in Hobbs, NM 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.

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In July 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	$1,231	$1,800	$2,690	$1,775
Townhomes	—	$1,400	$2,450	—	$1,400
Apartments and Condos	$900	$1,200	$1,200	—	$1,200
Houses	$750	$1,200	$1,800	$2,690	$1,800

What is the average rent of an apartment in Hobbs, NM?
The average rent of an apartment in Hobbs, NM is $1,269 per month. This is about 35% lower than the national average.
When is the average rent for an apartment cheapest in Hobbs, NM?
In the last year, the average rent in Hobbs, NM was lowest in Feb 2025 when it was $775 per month.
When is the average rent for an apartment most expensive in Hobbs, NM?
In the last year, the average rent in Hobbs, NM was highest in Jun 2025 when it was $1,819 per month.
How many apartments or condos are available to rent in Hobbs, NM?
There are 9 available apartments or condos to rent in Hobbs, NM.
What are some zip codes in Hobbs, NM?
Hobbs, NM includes zip codes such as: 88240, 88260, 88242, 88265, 88241.
What are some cities near Hobbs, NM?
Some nearby cities include: Monument, Lovington, Eunice, Denver City, Maljamar. These cities may have more rental options to explore.