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Cheap Apartments for Rent in Lea County, NM from $300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Lea County.
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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.
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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.
700 N Leech St
HobbsNM88240
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Lea County, NM Local Guide
Ballooning in New Mexico by littlemoresunshine is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lea County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lea County Studio Apartments | $770 | $770 | $770 |
| Lea County 1 Bedroom Apartments | $1,165 | $324 | $1,673 |
| Lea County 2 Bedroom Apartments | $1,505 | $383 | $2,025 |
| Lea County 3 Bedroom Apartments | $1,769 | $438 | $2,667 |
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Cheapest Available Lea County Apartments for Rent
The cheapest available apartment rental in Lea County, 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 Lea County 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 |
| Eagle Ridge | A1 | 1BR,1BA | $1,019 |
Best Value Apartments for Rent in Lea County, NM
As of December 28, 2025 the best value apartment in the Lea County area is the $1.50 price per square foot B2 Model at Oak Manor Villas in the starting from $1,964. The second greatest value Lea County 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 Lea County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Manor Villas | B2 | 2BR,2.5BA | $1.50 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.18 |
| Sorrento Villas | 2x2 (1057sf) B2 | 2BR,2BA | $1.44 |
| Lovington Trails | Two Bedroom, Two Bath | 2BR,2BA | $1.40 |
| 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 |
| Eagle Ridge | A1 | 1BR,1BA | $1.35 |
| Sorrento Apartments | A1 | 1BR,1BA | $2.08 |
Frequently Asked Questions about Cheap Lea County Apartments
What is the price of a cheap apartment in Lea County?
The cheapest apartment in Lea County is Jefferson House Apartments which is listed at $870, while the average apartment in Lea County costs $1,995.
What types of apartments are the cheapest in Lea County?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Lea County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lea County?
Cheap apartments in Lea County have an average cost of $279 which is $1,716 cheaper than the average rent for all rentals in Lea County.
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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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!