
Cheap Homes for Rent in Hobbs, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Hobbs.


1 E Superior St

723 W Jefferson St

809 N Webster St

1710 S Market St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1708 S Market St

314 E Walnut St

1523 S J St

609 W Broadway St

1004 E Dixon St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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 | $916 | $695 | $995 |
| Hobbs 3 Bedroom Homes for Rent | $1,571 | $1,150 | $2,450 |
| Hobbs 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Hobbs
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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 Apperson Way Apartments priced from $398. First Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Hobbs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Apperson Way Apartments | 1 Bedroom | 1BR,1BA | $398 |
| First Flats | 1bed/1bath Non-Renovated | 1BR,1BA | $675 |
| Pine Manor Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
Best Value Apartments for Rent in Hobbs, IN and Nearby
As of June 08, 2026 the best value apartment in the Hobbs area is the $0.71 price per square foot 2 Bedroom Unit Model at Brentwood Greene in the starting from $850. The second greatest value Hobbs apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.07 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. |
|---|---|---|---|
| Brentwood Greene | 2 Bedroom Unit | 2BR,1BA | $0.71 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.07 |
| Apperson Way Apartments | 3 Bedroom Townhomes | 3BR,2BA | $1.17 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Winding Brook Apartments | 2 Bedroom - 1st Floor | 2BR,1.5BA | $1.08 |
| Ashbury Apartments | 2 Bedroom- 1st floor | 2BR,1BA | $1.06 |
| Carter West Apartments & Townhouses | 2bed/1bath Partially Renovated | 2BR,1BA | $1.09 |
| MAPLE CREST | 1x1CUp | 1BR,1BA | $1.19 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.73 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Hobbs
What type of rentals are currently available in Hobbs?
There are currently 49 Apartments for Rent in Hobbs, IN with pricing that ranges from $398 to $3,249. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hobbs ranging from $595 to $3,000.
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 $595 to $3,000 with an average monthly rent of $1,578.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.