Cheap Apartments for Rent in Hobbs, NM from $300 (10 Rentals)

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Rex Arms Apartments
Studio to 1 Bedroom Apartments

Rex Arms Apartments

110 E Corbett StHobbs, NM 88240
  • Utilities Included
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Avalon Cove
1 to 3 Bedroom Apartments

Avalon Cove

1200 E Broadway StHobbs, NM 88240
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Playa Escondida
1 to 3 Bedroom Apartments

Playa Escondida

1021 E Yeso DrHobbs, NM 88240

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.

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Cielo Vista Apartments
1 to 3 Bedroom Apartments

Cielo Vista Apartments

901 E Michigan AveHobbs, NM 88240
  • Utilities Included

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.

Hobbs, NM Local Guide

Cheapest Available Hobbs Apartments for Rent

 

The cheapest available apartment rental in Hobbs, NM is a 1 Bed unit found at Jefferson House Apartments priced from $870. Homestead Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Hobbs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jefferson House ApartmentsOne Bedroom One Bath1BR,1BA$870
Homestead ApartmentsSandia1BR,1BA$1,125
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1,199

Best Value Apartments for Rent in Hobbs, NM

As of October 28, 2025 the best value apartment in the Hobbs area is the $1.68 price per square foot B2 Model at Oak Manor Villas in the starting from $2,207. The second greatest value Hobbs apartment is the C1 Model at Windscape Apartments starting at $1,417 with a $1.18 price per square foot . Here is today’s list of the best values for Hobbs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oak Manor VillasB22BR,2.5BA$1.68
Windscape ApartmentsC13BR,2BA$1.18
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.18
Sorrento Villas2x2 (1057sf) B22BR,2BA$1.54
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1.46
Homestead ApartmentsSandia1BR,1BA$1.75
Sorrento ApartmentsA1E1BR,1BA$2.26

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Hobbs, NM Rentals by Map

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Getting Around Hobbs, NM

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $870 at Jefferson House Apartments.

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 $1,199 at Woodleaf - FREE Utilities.

What is the most affordable Hobbs Three Bedroom Apartment?

The best deal on a cheap Hobbs Three Bedroom Apartment rental is at Windscape Apartments and starts from $1,417.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.