Rentometer, Inc. | Data as of 10/23/2025
Lea County’s rental market offers a diverse mix of housing options that cater to both families and individuals seeking a vibrant New Mexico lifestyle. From convenient one‑bedroom apartments near the bustling downtown of Hobbs to spacious four‑plus bedroom houses on the outskirts, renters can choose from a variety of property types that fit a range of lifestyle preferences. The county’s strong employment base, anchored by the oil and gas industry, supports steady demand for both apartments and single‑family homes, creating a balanced market where new developments and well‑maintained existing properties thrive.
Apartment rents in Lea County typically fall within the $1200‑$2000 range depending on size, with one‑bedroom units averaging in the $1200s and median rates near $1350, while larger two‑ and three‑bedroom layouts trend toward the $1600‑$2000 bracket. Houses provide more space at generally lower price points for smaller units, with one‑bedroom homes averaging in the $800‑$900 range and four‑plus bedroom homes averaging around the $2000 mark. This price structure makes Lea County an attractive option for renters looking for affordability without sacrificing comfort or accessibility to local amenities.
Beyond the numbers, Lea County boasts a welcoming community with easy access to cultural attractions such as the Lea County Historical Society Museum, outdoor recreation at the nearby Caprock Canyons, and a variety of dining and shopping venues. Whether you’re a student, a professional, or a growing family, the county’s blend of affordable rentals, convenient location, and vibrant local character makes it a compelling choice for your next home in New Mexico.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,255 | $1,350 | $535 - $1,587 | $1,125 - $1,450 |
| Apartment | 2 Bedroom | $1,666 | $1,595 | $975 - $2,261 | $1,499 - $1,900 |
| Apartment | 3 Bedroom | $1,968 | $1,995 | $1,411 - $2,358 | $1,695 - $2,248 |
| House | 1 Bedroom | $866 | $900 | $800 - $900 | $800 - $900 |
| House | 2 Bedroom | $1,382 | $1,200 | $950 - $2,000 | $995 - $1,800 |
| House | 3 Bedroom | $2,201 | $1,995 | $1,600 - $4,000 | $1,750 - $2,500 |
| House | 4+ Bedroom | $2,087 | $2,000 | $1,700 - $2,500 | $1,985 - $2,250 |
In the current period, the average rent in Lea was
$1,158 for 1 Bedroom,
$1,550 for 2 Bedroom,
$2,151 for 3 Bedroom, and
$2,046 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.