1017 N Main Ave
Denver CityTX79323
Cheap Homes for Rent in Hobbs, NM from $725 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Hobbs.
1122 3 E Broadway St
HobbsNM88240
1417 E Reppto St
BrownfieldTX79316
5916 Austin Ave
OdessaTX79762
408 SE 6th St
AndrewsTX79714
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.
515 SW 6th St
SeminoleTX79360
511 W Bonbright St
CarlsbadNM88220
1709 E Reppto St
BrownfieldTX79316
101 15th St
LevellandTX79336
4002 N Calle Grande
HobbsNM88240
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.
Showing Results 1-10, 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 a home in Hobbs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hobbs 2 Bedroom Homes for Rent | $1,229 | $725 | $1,650 |
| Hobbs 3 Bedroom Homes for Rent | $2,279 | $1,050 | $4,900 |
| Hobbs 4 Bedroom Homes for Rent | $2,916 | $2,500 | $3,300 |
| Hobbs 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 |
Best Value Apartments for Rent in Hobbs, NM and Nearby
As of August 24, 2026 the best value apartment in the Hobbs area is the $1.51 price per square foot C1 Model at Oak Manor Villas in the starting from $2,072. 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. |
|---|---|---|---|
| Oak Manor Villas | C1 | 3BR,2BA | $1.51 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.22 |
| Sorrento Villas | 10-B3 2x2 Furnished | 2BR,2BA | $2.67 |
| Windscape Apartments | B1 | 2BR,2BA | $1.73 |
| 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 |
| New Leaf | One Bedroom | 1BR,1BA | $2.03 |
| Homestead Apartments | Sandia | 1BR,1BA | $1.89 |
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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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.
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Frequently Asked Questions about Hobbs
What type of rentals are currently available in Hobbs?
There are currently 39 Apartments for Rent in Hobbs, NM with pricing that ranges from $519 to $2,900. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hobbs ranging from $725 to $4,900.
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 $725 to $4,900 with an average monthly rent of $2,109.
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.
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.
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.