Zumper
modified
Updated 5+ Days Ago

Highlights

  • Energy efficient appliances
  • Swimming pool
  • Spacious closets
  • Hardwood floors
  • Fitness center
  • Quiet neighborhood

Location

700 E Park St, Hobbs, NM 88240, USA
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Contact

Management

Empire Real Estate Group

Leasing office

(575) 391-0080

Property Overview

Park street apartments earns a strong overall rating with competitive pricing, solid amenities, and an especially strong location score that suggests convenient access to nearby destinations. It features energy efficient appliances, a swimming pool, spacious closets, hardwood floors, and a fitness center, while the quiet neighborhood adds to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.7
Very Good
Park street apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • Less expensive

Floor plans

1BR/1.0BA1 bed1 bath$825 /mo1 unit available1 bed 1 bath

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Amenities for Park street apartments

Tech

Stove/Refrigerator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units10
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About Park street apartments

HomeApartments in Hobbs Park street apartments

1 bed 1 bath


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.7
/10
Very Good
Park street apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated Park street apartments
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Park street apartments is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Park street apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park street apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Park street apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Park street apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Park street apartments compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.1 miles away
High school nearby
There is a high school 0.3 miles away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 0.3 miles away

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Rent trends in Hobbs

1-bedroom apartments at Park street apartments cost about 8% less than the average rent price for 1-bedroom apartments in Hobbs.

Median rents as of Oct 3 2026.
Hobbs
A table of 1-bedroom apartment rental data trends in Hobbs
MonthMedian Rent
October 2024$831
November 2024$832
December 2024$900
January 2025$834
February 2025$884
March 2025$966
April 2025$831
May 2025$842
June 2025$806
July 2025$805
August 2025$946
September 2025$840
October 2025$857
November 2025$852
December 2025$812
January 2026$839
February 2026$921
March 2026$973
April 2026$1,058
May 2026$1,154
June 2026$1,132
July 2026$1,068
August 2026$1,080
September 2026$1,131
October 2026$900

Affordability calculator

Can I afford to live at 700 E Park St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$33,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 1-bedroom monthly rent price of $825.
For more information on rent affordability, visit our rent calculator.

Schools near Park street apartments

Will Rogers Elementary School

300 east clinton

hobbs, NM, 88240

PK, K-5Public
C+

B.T. Washington Elementary School

1200 east humble

hobbs, NM, 88240

PK, K-5Public
C
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Internet available near Park street apartments

Getting around Hobbs near 700 E Park St

Walking

4/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 700 E Park St, Hobbs

Groceries

5/10
At least one grocery store within a 30-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Nightlife

3/10
Few or no bars within walking distance

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