1106 E Sanger St
HobbsNM88240
Cheap Homes for Rent in Lea County, NM from $1,450 (2 Rentals)
Search the lowest-cost Homes available for rent right now in Lea County.
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.
1218 W Harrison Ave
LovingtonNM88260
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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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 | $1,450 | $1,450 | $1,450 |
| Lea County 3 Bedroom Homes for Rent | $2,037 | $1,500 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Best Value Apartments for Rent in Lea County, NM
As of September 16, 2026 the best value apartment in the Lea County area is the $1.98 price per square foot C3-60% Model at Willow Bend Villas in the starting from $2,182. The second greatest value Lea County apartment is the Unfurnished Model at Summerwind Terrace Townhomes starting at $1,345 with a $1.22 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. |
|---|---|---|---|
| Willow Bend Villas | C3-60% | 3BR,2BA | $1.98 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.22 |
| Sorrento Villas | 12- B2 2x2 | 2BR,2BA | $1.54 |
| Lovington Trails | Two Bedroom, Two Bath | 2BR,2BA | $1.45 |
| Windscape Apartments | B1 | 2BR,2BA | $1.67 |
| Playa Escondida | 2 Bedrooms | 2BR,1BA | $1.43 |
| La Pradera | 2 Bedrooms | 2BR,1BA | $0.68 |
| Woodleaf - FREE Utilities | Two Bedroom | 2BR,1BA | $1.52 |
| Eagle Ridge | A1 | 1BR,1BA | $1.45 |
| New Leaf | One Bedroom | 1BR,1BA | $1.65 |
Frequently Asked Questions about Lea County
What type of rentals are currently available in Lea County?
There are currently 44 Apartments for Rent in Lea County, NM with pricing that ranges from $519 to $3,500. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lea County ranging from $1,450 to $2,900.
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 $1,450 to $2,900 with an average monthly rent of $1,890.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.