901 11th St
SeagravesTX79359
Cheap Homes for Rent in Hobbs, NM from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Hobbs.
1106 E Broadway St
BrownfieldTX79316
700 N Leech St
HobbsNM88240
1017 N Main Ave
Denver CityTX79323
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.
505 W Polk Ave
LovingtonNM88260
408 SE 6th St
AndrewsTX79714
1216 N Tasker Dr
HobbsNM88240
204 N Walnut St
CarlsbadNM88220
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.
1303 N Canal St
CarlsbadNM88220
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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 | $1,267 | $650 | $1,600 |
| Hobbs 3 Bedroom Homes for Rent | $2,224 | $1,400 | $3,500 |
| Hobbs 4 Bedroom Homes for Rent | $3,000 | $1,900 | $3,700 |
Browse Top Homes for Rent in Hobbs
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Hobbs, NM Local Guide
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Cheapest Available Hobbs Apartments for Rent
The cheapest available apartment rental in Hobbs, NM is a 2 Beds unit found at Parkside Terrace priced from $383. Jefferson House Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Hobbs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkside Terrace | Two Bedroom and One Bath | 2BR,1BA | $383 |
| Jefferson House Apartments | One Bedroom One Bath | 1BR,1BA | $870 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in Hobbs, NM
As of December 21, 2025 the best value apartment in the Hobbs area is the $1.49 price per square foot B2 Model at Oak Manor Villas in the starting from $1,961. The second greatest value Hobbs apartment is the Unfurnished Model at Summerwind Terrace Townhomes starting at $1,295 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Manor Villas | B2 | 2BR,2.5BA | $1.49 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.18 |
| Sorrento Villas | 2x2 (1057sf) B2 | 2BR,2BA | $1.44 |
| Parkside Terrace | Two Bedroom and One Bath | 2BR,1BA | $0.40 |
| 2422 N Houston St, Unit 2508 | 2422 N Houston St | 2BR,1BA | $1.02 |
| Windscape Apartments | A2 | 1BR,1BA | $1.78 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1.46 |
| Sorrento Apartments | A1 | 1BR,1BA | $2.08 |
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.
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Best Local Schools in Hobbs, NM
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 40 Apartments for Rent in Hobbs, NM with pricing that ranges from $324 to $2,675. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hobbs ranging from $650 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 $650 to $4,500 with an average monthly rent of $2,391.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.