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$519 - $1,1211 to 3 Bedroom Apartments Available Now
La Pradera
1023 E Glorietta DrHobbs, NM 88240
Cheap Apartments for Rent in Hobbs, NM from $519 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Hobbs.
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$709 - $1,3382 to 3 Bedroom Apartments Available Now
Playa Escondida
1021 E Yeso DrHobbs, NM 88240
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$795 - $970Studio to 2 Bedroom Apartments Available Now
Jefferson House Apartments
2001 N Jefferson StHobbs, NM 88240
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$1,068 - $1,6411 to 3 Bedroom Apartments Available Now
New Leaf
1601 E Marland StHobbs, NM 88240
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$1,099 - $1,2491 to 2 Bedroom Apartments Available Now
Woodleaf - FREE Utilities
3320 N Dal Paso StHobbs, NM 88240
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$1,190 - $1,5201 to 2 Bedroom Apartments Available Sep 18
Homestead Apartments
2100 E Settlers PassHobbs, NM 88240
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1 to 3 Bedroom Apartments
Parkside Terrace
300 E White StHobbs, NM 88240
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.
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Studio to 1 Bedroom Apartments
Rex Arms Apartments
110 E Corbett StHobbs, NM 88240
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1 to 3 Bedroom Apartments
Avalon Cove
1200 E Broadway StHobbs, NM 88240
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Studio to 2 Bedroom Apartments
Jefferson House Apartments
2100 N Jefferson StHobbs, NM 88240
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1 to 3 Bedroom Apartments
Cielo Vista Apartments
901 E Michigan AveHobbs, NM 88240
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1 to 3 Bedroom Apartments
Sunrise Homes Apartments
1515 Scharbauer StHobbs, NM 88240
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1 to 3 Bedroom Apartments
Willow Bend Villas
1000 N Marland BlvdHobbs, NM 88240
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2 to 3 Bedroom Apartments
Adobe Village
7106 N Chenault StHobbs, NM 88242
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.
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1 to 3 Bedroom Apartments
Park Place
920 E Michigan AveHobbs, NM 88240
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1 to 2 Bedroom Apartments
Bella Terra Apartments
1502 E Bender BlvdHobbs, NM 88240
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1 to 3 Bedroom Apartments
Ledgestone Apartments
1401 E Navajo DrHobbs, NM 88240
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1 to 2 Bedroom Apartments
Eagle Ridge
3419 N Dal Paso StHobbs, NM 88240
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2 to 3 Bedroom Apartments
Bandera Ranch Townhomes
902 Bel Aire CtHobbs, NM 88240
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1 to 3 Bedroom Apartments
Skyview Terrace
3600 N Skyview StHobbs, NM 88240
705 W Greene St
CarlsbadNM88220
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
544 S Main Ave
Denver CityTX79323
1417 E Reppto St
BrownfieldTX79316
408 SE 6th St
AndrewsTX79714
515 SW 6th St
SeminoleTX79360
706 NW Ave F
SeminoleTX79360
511 W Bonbright St
CarlsbadNM88220
408 W Luckey St
CarlsbadNM88220
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.
Showing Results 1-28, Page 1 of 1
Hobbs, NM Local Guide
Hobbs welcome sign by Chuck Coker is licensed under CC BY 2.0
How much does it cost to rent an apartment in Hobbs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hobbs Studio Apartments | $795 | $795 | $795 |
| Hobbs 1 Bedroom Apartments | $1,211 | $519 | $1,466 |
| Hobbs 2 Bedroom Apartments | $1,606 | $798 | $2,900 |
| Hobbs 3 Bedroom Apartments | $1,634 | $709 | $2,209 |
Browse Top Apartments in Hobbs
See all Apartments in HobbsExplore Hobbs
Hobbs, NM Local Guide
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Cheapest Available Hobbs Apartments for Rent and Nearby
The cheapest available apartment rental in Hobbs, NM is a 1 Bed unit found at La Pradera priced from $519. Playa Escondida has the second lowest priced unit, which is a 3 Beds apartment currently listed from $709. Here is today’s list of the most affordable Hobbs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| La Pradera | 1 Bedroom | 1BR,1BA | $519 |
| Playa Escondida | 3 Bedrooms | 3BR,2BA | $709 |
| Jefferson House Apartments | One Bedroom One Bath | 1BR,1BA | $870 |
| New Leaf | One Bedroom | 1BR,1BA | $1,068 |
| Eagle Ridge | A1 | 1BR,1BA | $1,094 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1,249 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1BA | $1,345 |
| Windscape Apartments | A2 | 1BR,1BA | $1,402 |
| Sorrento Villas | 10-B3 2x2 Furnished | 2BR,2BA | $2,900 |
Best Value Apartments for Rent in Hobbs, NM and Nearby
As of September 11, 2026 the best value apartment in the Hobbs area is the $1.98 price per square foot C3-60% Model at Willow Bend Villas in the starting from $2,182. The second greatest value Hobbs apartment is the Unfurnished Model at Summerwind Terrace Townhomes starting at $1,345 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. |
|---|---|---|---|
| Willow Bend Villas | C3-60% | 3BR,2BA | $1.98 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.22 |
| Sorrento Villas | 10-B3 2x2 Furnished | 2BR,2BA | $2.67 |
| Windscape Apartments | B1 | 2BR,2BA | $1.67 |
| Playa Escondida | 2 Bedrooms | 2BR,1BA | $1.43 |
| La Pradera | 2 Bedrooms | 2BR,1BA | $0.68 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1.52 |
| Eagle Ridge | A1 | 1BR,1BA | $1.45 |
| New Leaf | One Bedroom | 1BR,1BA | $1.65 |
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.
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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.
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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Quick Rent Budget Calculator
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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.
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Best Local Schools in Hobbs, NM
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hobbs, NM Rentals by Map
See the most popular apartments and homes in Hobbs, NM
Frequently Asked Questions about Cheap Hobbs Apartments
How much is rent for a Cheap One Bedroom Hobbs Apartment?
The lowest price for a Cheap One Bedroom Hobbs Apartment is $519 at La Pradera.
What is the lowest price for a Cheap Two Bedroom Hobbs Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Hobbs is starting from $622 at La Pradera.
What is the most affordable Hobbs Three Bedroom Apartment?
The best deal on a cheap Hobbs Three Bedroom Apartment rental is at La Pradera and starts from $706.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.