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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 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Lea County.
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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
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1 to 3 Bedroom Apartments
Avalon Cove
1200 E Broadway 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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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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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 | $1,212 | $519 | $1,547 |
| Lea County 2 Bedroom Apartments | $1,522 | $798 | $2,900 |
| Lea County 3 Bedroom Apartments | $1,549 | $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 | Studio | Studio,1BA | $770 |
Best Value Apartments for Rent in Lea County, NM
As of April 14, 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 |
| Playa Escondida | 2 Bedrooms | 2BR,1BA | $1.43 |
| La Pradera | 2 Bedrooms | 2BR,1BA | $0.68 |
| Windscape Apartments | A2 | 1BR,1BA | $1.78 |
| 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 $1,499.
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 $293 which is $1,206 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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.