1122 3 E Broadway St
HobbsNM88240
Cheap Homes for Rent in Lea County, NM from $900 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Lea County.
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.
600 E Sunset Dr
HobbsNM88240
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.
1106 E Sanger 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 a home in Lea County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lea County 2 Bedroom Homes for Rent | $1,300 | $1,200 | $1,400 |
| Lea County 3 Bedroom Homes for Rent | $2,350 | $1,800 | $2,900 |
| Lea County 4 Bedroom Homes for Rent | $2,516 | $1,650 | $3,700 |
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Best Value Apartments for Rent in Lea County, NM
As of June 18, 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 |
| 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 |
| Windscape Apartments | A2 | 1BR,1BA | $1.50 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1.52 |
Frequently Asked Questions about Lea County
What type of rentals are currently available in Lea County?
There are currently 42 Apartments for Rent in Lea County, NM with pricing that ranges from $519 to $2,900. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lea County ranging from $900 to $3,700.
What is the current price range for Rental Homes in Lea County?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lea County ranges from $900 to $3,700 with an average monthly rent of $1,766.
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.