Rentometer, Inc. | Data as of 10/23/2025
Hobbs, NM, offers a diverse rental market that blends the convenience of city living with the spacious feel of a smaller community. Prospective tenants can choose from a variety of apartments and single‑family homes, many of which are situated near the historic downtown district, the vibrant Hobbs Convention Center, and the nearby Lea County Lake. The area’s layout provides easy access to major employers, shopping corridors along 20th Street, and recreational spots such as the Hobbs Civic Center and local golf courses, making it an appealing choice for professionals, families, and retirees alike.
Apartment rentals in Hobbs generally fall within the $1,200‑$2,000 range, with one‑bedroom units typically in the $1,200‑$1,400 bracket and larger three‑bedroom spaces approaching the $2,000 mark. Houses provide more space at a slightly lower price point for smaller units, with one‑bedroom homes often priced around the $900 level and four‑plus bedroom properties averaging near $2,100. These figures reflect a market that balances affordability with the flexibility of choosing between compact apartments and larger family‑oriented homes.
The rental landscape is further enhanced by well‑maintained neighborhoods such as the historic 14th Street district and newer developments like the 28th Ave community, which feature convenient access to schools, medical centers, and entertainment venues. Whether you’re seeking a modern apartment steps from downtown nightlife or a spacious house in a quiet suburb, Hobbs’s rental market delivers a variety of options that suit a range of lifestyles while maintaining a welcoming, community‑focused atmosphere.
| 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 Hobbs, NM 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.