901 11th St
SeagravesTX79359
Cheap Homes for Rent in Hobbs, NM from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Hobbs.
1017 N Main Ave
Denver CityTX79323
1122 3 E Broadway St
HobbsNM88240
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.
725 E Aspen
HobbsNM88240
312 E Sanger St
HobbsNM88240
1209 E Snyder St
HobbsNM88240
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.
Showing Results 1-6, 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 | $1,442 | $625 | $2,200 |
| Hobbs 3 Bedroom Homes for Rent | $2,184 | $1,400 | $2,850 |
| Hobbs 4 Bedroom Homes for Rent | $3,300 | $2,500 | $3,800 |
| Hobbs 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in Hobbs
Explore 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 | Studio | Studio,1BA | $770 |
Best Value Apartments for Rent in Hobbs, NM and Nearby
As of February 24, 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 B1 Model at Oak Manor Villas starting at $1,832 with a $1.70 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 |
| Oak Manor Villas | B1 | 2BR,2BA | $1.70 |
| Sorrento Villas | 2x2 (1057sf) B2 | 2BR,2BA | $1.44 |
| Windscape Apartments | B2 | 2BR,2BA | $1.76 |
| Playa Escondida | 2 Bedrooms | 2BR,1BA | $1.43 |
| La Pradera | 2 Bedrooms | 2BR,1BA | $0.68 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1.46 |
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
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Hobbs, NM
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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 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 $324 to $2,376. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hobbs ranging from $625 to $4,500.
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 $625 to $4,500 with an average monthly rent of $2,465.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.