Cheap Apartments for Rent in Hobbs, NM from $300 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hobbs.

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.

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Rex Arms Apartments
Studio 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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Cielo Vista Apartments
1 to 3 Bedroom Apartments

Cielo Vista Apartments

901 E Michigan AveHobbs, NM 88240
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Adobe Village
3 Bedroom Apartments

Adobe Village

7106 N Chenault StHobbs, NM 88242
  • Utilities Included

Hobbs, NM Local Guide

Cheapest Available Hobbs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hobbs, NM is a 2 Beds unit found at Summerwind Terrace Townhomes priced from $1,295. Sorrento Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Hobbs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Summerwind Terrace TownhomesUnfurnished2BR,1BA$1,295
Sorrento ApartmentsA1E1BR,1BA$1,350
Windscape ApartmentsA21BR,1BA$1,576
Sorrento Villas2x2 (1094sf) B42BR,2BA$1,625
Oak Manor VillasB12BR,2BA$2,117

Best Value Apartments for Rent in Hobbs, NM and Nearby

As of June 22, 2025 the best value apartment in the Hobbs area is the $1.18 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,295. The second greatest value Hobbs apartment is the 2x2 (1088sf) B3 Model at Sorrento Villas starting at $1,625 with a $1.49 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.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.18
Sorrento Villas2x2 (1088sf) B32BR,2BA$1.49
Oak Manor VillasB12BR,2BA$1.96
Windscape ApartmentsA11BR,1BA$2.09
Sorrento ApartmentsA1E1BR,1BA$2.10

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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 $1,350 at Sorrento 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 $1,295 at Summerwind Terrace Townhomes.

What is the most affordable Hobbs Three Bedroom Apartment?

The best deal on a cheap Hobbs Three Bedroom Apartment rental is at Sorrento Villas and starts from $1,995.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.