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

The average rent of an apartment in Hobbs, NM is $1,145 per month. This is about 41% 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 13 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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NEW - 2 HRS AGO
PET FRIENDLY
$1,813 - $2,009/mo
Total price
2-3 Beds
2-3 Baths
Oak Manor Villas | 3409 Live Oak St,
Hobbs, NM 88242
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PET FRIENDLY
$1,309 - $1,859/mo
1-3 Beds
1-2 Baths
Windscape Apartments | 3901 N Central Dr,
Hobbs, NM 88240
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PET FRIENDLY
$1,200 - $1,505/mo
1-2 Beds
1-2 Baths
Homestead Apartments | 2100 E Settlers Pass,
Hobbs, NM 88240
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NEW - 2 DAYS AGO
$2,650/mo
3 Beds
2.5 Baths
1,375 sqft
3333 N McKinley St #B,
Hobbs, NM 88240
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$2,800/mo
2 Beds
1 Bath
2311 N Juniper Ln,
Hobbs, NM 88240
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$800/mo
1 Bed
1 Bath
111 W Dunnam St #1/2,
Hobbs, NM 88240
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$1,000/mo
2 Beds
1 Bath
703-709 W Calle Sur St #703,
Hobbs, NM 88240
$825/mo
1 Bed
1 Bath
700 E Park St #2,
Hobbs, NM 88240
$1,200/mo
3 Beds
2 Baths
976 sqft
1122 E Broadway St #B-302,
Hobbs, NM 88240
$900/mo
1 Bed
1 Bath
580 sqft
1122 E Broadway St #B-103,
Hobbs, NM 88240
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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 Sep 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.

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

	1 bed	2 beds	3 beds	4 beds	All
All home types	$900	$1,231	$2,014	$2,800	$1,596
Apartments and Condos	$800	$1,020	$1,200	—	$1,020
Houses	—	$1,095	$2,400	$2,800	$2,500

What is the average rent of an apartment in Hobbs, NM?
The average rent of an apartment in Hobbs, NM is $1,145 per month. This is about 41% 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 13 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.