Cheap Apartments for Rent in Lea County, NM from $300 (11 Rentals)

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Rex Arms Apartments
Studio to 1 Bedroom Apartments

Rex Arms Apartments

110 E Corbett StHobbs, NM 88240
  • Utilities Included

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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Avalon Cove
1 to 3 Bedroom Apartments

Avalon Cove

1200 E Broadway StHobbs, NM 88240
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Cielo Vista Apartments
1 to 3 Bedroom Apartments

Cielo Vista Apartments

901 E Michigan AveHobbs, NM 88240
  • Utilities Included

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.

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Adobe Village
2 to 3 Bedroom Apartments

Adobe Village

7106 N Chenault StHobbs, NM 88242
  • Utilities Included

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 ListingModel NameBed/BathPriced From
La Pradera1 Bedroom1BR,1BA$519
Playa Escondida3 Bedrooms3BR,2BA$709
Jefferson House ApartmentsStudioStudio,1BA$770
Lovington TrailsOne Bedroom1BR,1BA$1,099
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1,199

Best Value Apartments for Rent in Lea County, NM

As of February 28, 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 B1 Model at Oak Manor Villas starting at $1,799 with a $1.67 price per square foot . Here is today’s list of the best values for Lea County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.22
Oak Manor VillasB12BR,2BA$1.67
Sorrento Villas2x2 (1057sf) B22BR,2BA$1.44
Homestead ApartmentsChicoma2BR,2BA$1.39
Windscape ApartmentsB22BR,2BA$1.77
Lovington TrailsTwo Bedroom, Two Bath2BR,2BA$1.40
Playa Escondida2 Bedrooms2BR,1BA$1.43
La Pradera2 Bedrooms2BR,1BA$0.68
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1.46

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 $1,810.

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 7 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 $325 which is $1,485 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

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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.