Cheap Apartments for Rent in Hobbs, NM

22 rentals

Apartments For Rent Near Hobbs, NM

We found 2 more apartments matching your filters just outside Hobbs

Average Rent Trends in 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 Aug 2025.
MonthAverage rent
Jun 2025$1,700
Jul 2025$1,579
Aug 2025$1,750
Sep 2025$1,750
Oct 2025$1,498
Nov 2025$1,400
Dec 2025$1,640
Jan 2026$1,560
Feb 2026$1,724
Mar 2026$1,711
Apr 2026$1,500
May 2026$1,820
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Houses and Apartments and Condos.
1 bed2 beds3 beds4 bedsAll
All home types$1,106$1,395$1,967$2,067$1,945
Townhomes——$1,950—$1,950
Apartments and Condos$900$1,450$2,600—$2,600
Houses—$1,500$1,800$2,067$1,950
See more information about local market trends in Hobbs, NM

Frequently Asked Questions about Rentals in Hobbs, NM

  • What is the average rent of an apartment in Hobbs, NM?
    The average rent of an apartment in Hobbs, NM is $1,570 per month. This is about 19% lower than the national average.
  • What is the average rent of a house in Hobbs, NM?
    The average rent of a house in Hobbs, NM is $1,950 per month. This is about 1% higher than the national average.
  • What is the average rent of a townhome in Hobbs, NM?
    The average rent of a townhome in Hobbs, NM is $1,950 per month. This is about 1% higher 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 Jan 2025 when it was $1,250 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 Aug 2025 when it was $1,750 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 $1,106 per month. That is about $1,394 less than the cost of a studio apartment.
  • How many available rental listings are in Hobbs, NM?
    There are 23 available rental listings 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.