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

The average rent of an apartment in Hobbs, NM is $1,298 per month. This is about 34% 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.

The average rent of a 1 bedroom apartment in Hobbs, NM is $800 per month. That is about $104 more than the cost of a studio apartment.

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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PET FRIENDLY
$1,886 - $2,330/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
$1,215/mo
1 Bed
1 Bath
Homestead Apartments | 2100 E Settlers Pass,
Hobbs, NM 88240
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PET FRIENDLY
$1,362 - $1,849/mo
1-3 Beds
1-2 Baths
Windscape Apartments | 3901 N Central Dr,
Hobbs, NM 88240
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APPLY INSTANTLY
$1,500/mo
2 Beds
1.5 Baths
1,200 sqft
706 W Copper Ave #706,
Hobbs, NM 88240
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NEW - 2 DAYS AGO
$696/mo
Studio
1 Bath
300-304 W Saint Anne Pl #304-C,
Hobbs, NM 88240
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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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$1,400/mo
2 Beds
2 Baths
4016-4022 N Calle Grande Grande,
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 decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.

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In August 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	$1,214	$1,400	$1,950	$2,900	$1,400
Townhomes	—	$1,200	$1,800	—	$1,950
Apartments and Condos	$385	$1,300	$1,200	—	$1,200
Houses	$1,300	$1,400	$2,650	$2,900	$2,500

What is the average rent of an apartment in Hobbs, NM?
The average rent of an apartment in Hobbs, NM is $1,298 per month. This is about 34% 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 does the rent of a 1 bedroom apartment compare to a studio apartment in Hobbs, NM?
The average rent of a 1 bedroom apartment in Hobbs, NM is $800 per month. That is about $104 more than the cost of a studio apartment.
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.