1122 3 E Broadway St
HobbsNM88240
Cheap Homes for Rent in Lea County, NM from $900 (2 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.
500.5 E Stanolind Rd
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.
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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 | $1,333 | $1,000 | $1,650 |
| Lea County 3 Bedroom Homes for Rent | $2,100 | $1,800 | $2,400 |
| Lea County 4 Bedroom Homes for Rent | $3,350 | $3,250 | $3,450 |
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Best Value Apartments for Rent in Lea County, NM
As of April 12, 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 |
| Homestead Apartments | Chicoma | 2BR,2BA | $1.40 |
| 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 Lea County
What type of rentals are currently available in Lea County?
There are currently 43 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 $3,450.
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 $3,450 with an average monthly rent of $1,920.
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.