
Cheap Homes for Rent in Hobbs, IN from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Hobbs.


1328 S Waugh St

1621 S Webster St

408 W Mulberry St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

4508 County Rd E 200 S

2701 N C St

1128 S Waugh St

1035 S Seventeenth St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Hobbs, IN Local Guide

How much does it cost to rent a home in Hobbs?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hobbs 2 Bedroom Homes for Rent | $1,109 | $750 | $2,500 |
Hobbs 3 Bedroom Homes for Rent | $1,769 | $899 | $3,200 |
Hobbs 4 Bedroom Homes for Rent | $2,594 | $1,980 | $3,800 |
Hobbs 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in Hobbs
Explore Hobbs
Hobbs, IN Local Guide
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Cheapest Available Hobbs Apartments for Rent and Nearby
 The cheapest available apartment rental in Hobbs, IN is a 1 Bed unit found at 2930 Albright priced from $695. Lincolnwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Hobbs apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
2930 Albright | 1 Bed | 1BR,1BA | $695 |
Lincolnwood Apartments | 1BR/1BA | 1BR,1BA | $700 |
First Flats | 1bed/1bath Non-Renovated | 1BR,1BA | $750 |
Best Value Apartments for Rent in Hobbs, IN and Nearby
As of July 14, 2025 the best value apartment in the Hobbs area is the $1.03 price per square foot B1-1 Model at 306 Riverfront in the starting from $1,200. The second greatest value Hobbs apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.12 price per square foot . Here is today’s list of the best values for Hobbs apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
306 Riverfront | B1-1 | 2BR,2BA | $1.03 |
Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.16 |
Timbernest Townhomes | 2BR/1.5BA | 2BR,1.5BA | $1.06 |
Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.01 |
MAPLE CREST | 1x1BUp | 1BR,1BA | $1.20 |
The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.84 |
Bradford Run Apartments | Redbud | 1BR,1BA | $1.15 |
Sycamore Apartments | 1 Bedroom | 1BR,1BA | $1.25 |
2930 Albright | 1 Bed | 1BR,1BA | $1.16 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Hobbs
What type of rentals are currently available in Hobbs?
There are currently 44 Apartments for Rent in Hobbs, IN with pricing that ranges from $560 to $2,720. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hobbs ranging from $599 to $4,500.
What is the current price range for Rental Homes in Hobbs?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hobbs ranges from $599 to $4,500 with an average monthly rent of $2,114.
How much are larger Three and Four Bedroom Rentals in Hobbs?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Hobbs range from $825 to $2,425, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,980 and Four Bedroom Apartments start at $560.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.