Cheap Apartments for Rent in Lea County, NM from $300 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lea County.

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Parkside Terrace
1 to 3 Bedroom Apartments

Parkside Terrace

300 E White StHobbs, NM 88240
  • Utilities Included
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Rex Arms Apartments
Studio to 1 Bedroom Apartments

Rex Arms Apartments

110 E Corbett StHobbs, NM 88240
  • Utilities Included
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Avalon Cove
1 to 3 Bedroom Apartments

Avalon Cove

1200 E Broadway StHobbs, NM 88240

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Cielo Vista Apartments
1 to 3 Bedroom Apartments

Cielo Vista Apartments

901 E Michigan AveHobbs, NM 88240
  • Utilities Included
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Willow Bend Villas
1 to 3 Bedroom Apartments

Willow Bend Villas

1000 N Marland BlvdHobbs, NM 88240
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Adobe Village
2 to 3 Bedroom Apartments

Adobe Village

7106 N Chenault StHobbs, NM 88242
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 ListingModel NameBed/BathPriced From
La Pradera1 Bedroom1BR,1BA$519
Playa Escondida3 Bedrooms3BR,2BA$709
Jefferson House ApartmentsOne Bedroom One Bath1BR,1BA$870
Lovington TrailsOne Bedroom1BR,1BA$1,199
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1,249

Best Value Apartments for Rent in Lea County, NM

As of July 25, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.22
Sorrento Villas10-B3 2x2 Furnished2BR,2BA$2.67
Windscape ApartmentsB12BR,2BA$1.68
Playa Escondida2 Bedrooms2BR,1BA$1.43
Lovington TrailsOne Bedroom1BR,1BA$1.30
La Pradera2 Bedrooms2BR,1BA$0.68
New LeafTwo Bedroom, Two Bath2BR,2BA$1.59
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1.52
Homestead ApartmentsManzano1BR,1BA$1.75

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 $1,956.

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 $282 which is $1,674 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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Rent According to Income: A Look at Income-Restricted Rentals

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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