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


317 N Harrison St

918 S Bell St

1621 S Webster St

4508 County Rd E 200 S
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1105 S Purdum St

411 N Sheridan St

5783 W 900 N

1005 E Markland Ave

1105 E Mulberry St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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 | $1,003 | $800 | $1,500 |
Hobbs 3 Bedroom Homes for Rent | $2,011 | $899 | $3,400 |
Hobbs 4 Bedroom Homes for Rent | $2,839 | $2,400 | $3,950 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 |
Bradford Run Apartments | Redbud | 1BR,1BA | $748 |
Best Value Apartments for Rent in Hobbs, IN and Nearby
As of May 01, 2025 the best value apartment in the Hobbs area is the $0.97 price per square foot 2BR/1.5BA Model at Timbernest Townhomes in the starting from $1,095. 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. |
---|---|---|---|
Timbernest Townhomes | 2BR/1.5BA | 2BR,1.5BA | $0.97 |
Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
Rivers Edge Apartments I & II | 2 BD 1.5 Bath | 2BR,1.5BA | $1.23 |
Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.10 |
Brentwood Greene | 2 Bedroom Unit | 2BR,1BA | $1.09 |
MAPLE CREST | 2x1AUp | 2BR,1BA | $1.08 |
Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.01 |
The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.90 |
Bradford Run Apartments | Redbud | 1BR,1BA | $1.11 |
2930 Albright | 1 Bed | 1BR,1BA | $1.16 |
Quick 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.
Frequently Asked Questions about Hobbs
What type of rentals are currently available in Hobbs?
There are currently 43 Apartments for Rent in Hobbs, IN with pricing that ranges from $560 to $2,968. There are also 33 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 $2,197.
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 $2,584, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,400 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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.