close
View Me
$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 $300 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Hobbs.
close
View Me
$709 - $1,3382 to 3 Bedroom Apartments Available Now
Playa Escondida
1021 E Yeso DrHobbs, NM 88240
close
View Me
$795 - $970Studio to 2 Bedroom Apartments Available Now
Jefferson House Apartments
2001 N Jefferson StHobbs, NM 88240
close
View Me
$1,099 - $1,2491 to 2 Bedroom Apartments Available Now
Woodleaf - FREE Utilities
3320 N Dal Paso StHobbs, NM 88240
close
View Me
Rent Specials
$1,200 - $1,6621 to 3 Bedroom Apartments Available Now
New Leaf
1601 E Marland StHobbs, NM 88240
close
View Me
1 to 3 Bedroom Apartments
Parkside Terrace
300 E White StHobbs, NM 88240
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.
close
View Me
Studio to 1 Bedroom Apartments
Rex Arms Apartments
110 E Corbett StHobbs, NM 88240
close
View Me
1 to 3 Bedroom Apartments
Avalon Cove
1200 E Broadway StHobbs, NM 88240
close
View Me
Studio to 2 Bedroom Apartments
Jefferson House Apartments
2100 N Jefferson StHobbs, NM 88240
close
View Me
1 to 3 Bedroom Apartments
Cielo Vista Apartments
901 E Michigan AveHobbs, NM 88240
close
View Me
1 to 3 Bedroom Apartments
Sunrise Homes Apartments
1515 Scharbauer StHobbs, NM 88240
close
View Me
2 to 3 Bedroom Apartments
Adobe Village
7106 N Chenault StHobbs, NM 88242
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.
close
View Me
1 to 3 Bedroom Apartments
Park Place
920 E Michigan AveHobbs, NM 88240
1122 3 E Broadway St
HobbsNM88240
close
View Me
1 to 2 Bedroom Apartments
Bella Terra Apartments
1502 E Bender BlvdHobbs, NM 88240
close
View Me
1 to 3 Bedroom Apartments
Ledgestone Apartments
1401 E Navajo DrHobbs, NM 88240
close
View Me
2 to 3 Bedroom Apartments
Bandera Ranch Townhomes
902 Bel Aire CtHobbs, NM 88240
319 N Houston St
HobbsNM88240
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
close
View Me
1 to 2 Bedroom Apartments
Eagle Ridge
3419 N Dal Paso StHobbs, NM 88240
close
View Me
1 to 3 Bedroom Apartments
Skyview Terrace
3600 N Skyview StHobbs, NM 88240
600 E Sunset Dr
HobbsNM88240
808 S Cedar St
BrownfieldTX79316
505 N Halagueno St
CarlsbadNM88220
1417 E Reppto St
BrownfieldTX79316
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.
512 Shinnery Ln
BrownfieldTX79316
1007 S Lons St
BrownfieldTX79316
Showing Results 1-26, 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 | $1,193 | $519 | $1,363 |
| Hobbs 2 Bedroom Apartments | $1,549 | $798 | $2,900 |
| Hobbs 3 Bedroom Apartments | $1,615 | $709 | $2,800 |
Browse Top Apartments in Hobbs
See all Apartments in HobbsExplore Hobbs
Hobbs, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1,249 |
| Windscape Apartments | A2 | 1BR,1BA | $1,299 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1BA | $1,345 |
| New Leaf | Two Bedroom, Two Bath | 2BR,2BA | $1,440 |
| Sorrento Villas | 10-B3 2x2 Furnished | 2BR,2BA | $2,900 |
Best Value Apartments for Rent in Hobbs, NM and Nearby
As of June 12, 2026 the best value apartment in the Hobbs area is the $1.22 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,345. The second greatest value Hobbs apartment is the 10-B3 2x2 Furnished Model at Sorrento Villas starting at $2,900 with a $2.67 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. |
|---|---|---|---|
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.22 |
| Sorrento Villas | 10-B3 2x2 Furnished | 2BR,2BA | $2.67 |
| Windscape Apartments | B2 | 2BR,2BA | $1.56 |
| Playa Escondida | 2 Bedrooms | 2BR,1BA | $1.43 |
| La Pradera | 2 Bedrooms | 2BR,1BA | $0.68 |
| New Leaf | Two Bedroom, Two Bath | 2BR,2BA | $1.59 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1.52 |
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 Article
Real 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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Hobbs area?
If you’re an expert on all things Hobbs, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.