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

The average rent of an apartment in Hobbs, NM is $1,193 per month. This is about 38% lower than the national average.

When is the average rent 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 12 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
$1,845 - $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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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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$2,600/mo
3 Beds
2 Baths
2817 N Platino Dr #A,
Hobbs, NM 88240
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$2,600/mo
3 Beds
2 Baths
2817 N Platino Dr #B,
Hobbs, NM 88240
$1,200/mo
3 Beds
2 Baths
976 sqft
1122 E Broadway St #B-302,
Hobbs, NM 88240
$2,800/mo
3 Beds
2 Baths
2315 N Juniper Ln,
Hobbs, NM 88240
$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
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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 increased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.

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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	$1,950	$3,200	$1,700
Townhomes	—	$1,400	$2,200	—	$1,400
Apartments and Condos	$900	$1,700	$2,650	—	$1,200
Houses	—	$1,300	$1,950	$3,200	$1,950

What is the average rent of an apartment in Hobbs, NM?
The average rent of an apartment in Hobbs, NM is $1,193 per month. This is about 38% lower than the national average.
When is the average rent 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 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 12 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.