Cheap Apartments for Rent in Hobbs, NM
18 rentals
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Apartments For Rent Near Hobbs, NM
We found 1 more apartment matching your filters just outside Hobbs
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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 Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,498 |
| Nov 2025 | $1,400 |
| Dec 2025 | $1,640 |
| Jan 2026 | $1,560 |
| Feb 2026 | $1,724 |
| Mar 2026 | $1,580 |
| Apr 2026 | $1,500 |
| May 2026 | $1,843 |
| Jun 2026 | $1,800 |
| Jul 2026 | $1,495 |
| Aug 2026 | $1,400 |
| Sep 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In September 2026, Houses were the most affordable home type to rent compared with Townhomes and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $900 | $1,300 | $2,083 | $2,800 | $1,345 |
| Townhomes | — | — | $1,928 | — | $1,928 |
| Apartments and Condos | $900 | $1,200 | $2,650 | — | $2,650 |
| Houses | $750 | $1,300 | $1,900 | $2,800 | $1,450 |
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 $1,700 per month. This is about 13% lower than the national average.
- What are the cheapest months to find an apartment to rent in Hobbs, NM?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,250 per month.
- How many cheap apartments are available in Hobbs, NM?There are 11 apartments to rent that are cheaper than the city’s average rent of $1,345.
- 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 $900 per month. That is about $1,600 less than the cost of a studio apartment.
- What are some zip codes in Hobbs, NM?
- 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.
View this page in Spanish: Apartamentos baratos en renta en Hobbs, NM - 40 Rentas | Trulia