
Cheap Homes for Rent near Hobbs, IN from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Hobbs.


701 E Walnut St

113 S Golding St

1027 S Bell St

1411 N Courtland Ave

503 W Walnut St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

600 S 16th St

714 E Vaile Ave

1050 Rank Pkwy

430 S Armstrong St

1427 Wayne St

821 W State St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

913 W Virginia Ave
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 | $927 | $800 | $1,100 |
| Hobbs 3 Bedroom Homes for Rent | $1,706 | $1,175 | $4,295 |
| Hobbs 4 Bedroom Homes for Rent | $1,600 | $1,400 | $1,800 |
| Hobbs 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
| Hobbs 6 Bedroom Homes for Rent | $895 | $895 | $895 |
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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. Green Town 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 |
|---|---|---|---|
| Apperson Way Apartments | 1 Bedroom | 1BR,1BA | $398 |
| Green Town Apartments | One Bd rm | 1BR,1BA | $700 |
| MAPLE CREST | Studio | 1BR,1BA | $715 |
| Holly Apartments | 1bed/1bath Partially Renovated | 1BR,1BA | $750 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $800 |
Best Value Apartments for Rent in Hobbs, IN and Nearby
As of July 24, 2026 the best value apartment in the Hobbs area is the $0.90 price per square foot 3bed/1.5bath Non-Renovated Model at Carter West Apartments & Townhouses in the starting from $1,030. The second greatest value Hobbs apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,295 with a $1.22 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. |
|---|---|---|---|
| Carter West Apartments & Townhouses | 3bed/1.5bath Non-Renovated | 3BR,1.5BA | $0.90 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.22 |
| Apperson Way Apartments | 3 Bedroom Townhomes | 3BR,2BA | $1.17 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.16 |
| Ashbury Apartments | 2 Bed 1st floor UPDATED | 2BR,1BA | $1.10 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.77 |
| Winding Brook Apartments | 1 Bedroom - 2nd Floor | 1BR,1BA | $1.30 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $1.32 |
| Green Town Apartments | One Bd rm | 1BR,1BA | $1.28 |
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.
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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 50 Apartments for Rent in Hobbs, IN with pricing that ranges from $398 to $3,308. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hobbs ranging from $749 to $4,295.
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 $749 to $4,295 with an average monthly rent of $1,382.
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 $490 to $3,308, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $4,295. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $500.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.