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$519 - $1,1211 to 3 Bedroom Apartments Available Now
La Pradera
1023 E Glorietta DrHobbs, NM 88240
Cheap Apartments for Rent in Lea County, NM from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Lea County.
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$709 - $1,3382 to 3 Bedroom Apartments Available Now
Playa Escondida
1021 E Yeso DrHobbs, NM 88240
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$795 - $970Studio to 2 Bedroom Apartments Available Now
Jefferson House Apartments
2001 N Jefferson StHobbs, NM 88240
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1 to 3 Bedroom Apartments
Parkside Terrace
300 E White StHobbs, NM 88240
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Studio to 1 Bedroom Apartments
Rex Arms Apartments
110 E Corbett 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.
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1 to 3 Bedroom Apartments
Avalon Cove
1200 E Broadway StHobbs, NM 88240
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Studio to 2 Bedroom Apartments
Jefferson House Apartments
2100 N Jefferson StHobbs, NM 88240
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1 to 2 Bedroom Apartments
Horizon - NEW Apts in Eunice, NM
1309 23rd StEunice, NM 88231
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1 to 3 Bedroom Apartments
Cielo Vista Apartments
901 E Michigan AveHobbs, NM 88240
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1 to 3 Bedroom Apartments
Sunrise Homes Apartments
1515 Scharbauer StHobbs, NM 88240
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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2 to 3 Bedroom Apartments
Adobe Village
7106 N Chenault StHobbs, NM 88242
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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 | $795 | $795 | $795 |
| Lea County 1 Bedroom Apartments | $1,233 | $519 | $1,999 |
| Lea County 2 Bedroom Apartments | $1,540 | $798 | $2,900 |
| Lea County 3 Bedroom Apartments | $1,567 | $709 | $2,800 |
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Cheapest Available Lea County Apartments for Rent
The cheapest available apartment rental in Lea County, 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 Lea County 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 |
Best Value Apartments for Rent in Lea County, NM
As of June 09, 2026 the best value apartment in the Lea County 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 Lea County 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 Lea County 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 |
| Lovington Trails | Two Bedroom, Two Bath | 2BR,2BA | $1.45 |
| 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 |
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 La Pradera which is listed at $519, while the average apartment in Lea County costs $1,719.
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 5 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 $236 which is $1,483 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 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.