Average Rent in Hobbs, NM and Rent Price Trends

Rent price trends in
Hobbs, NM

Rent price trends

Rent prices for all bedroom counts and property types in Hobbs, NM have increased by 13% in the last month and have increased by 14% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Hobbs, NM
The monthly rent for an apartment in Hobbs, NM is $1,200. A 1-bedroom apartment in Hobbs, NM costs about $830 on average, while a 2-bedroom apartment is $1,400. Houses for rent in Hobbs, NM are more expensive, with an average monthly cost of $1,600.


1 bedroom	$800	2%	19%
2 bedroom	$1,400	5%	8%
3 bedroom	$1,825	1%	10%
4 bedroom	$1,900	65%	-

				Comparables
Apartments	$1,200	10%	No Change
Houses	$1,600	3%	No Change

1 bedroom

Average rent

$800

Last 30 days

Last year

19%

2 bedroom

Average rent

$1,400

Last 30 days

Last year

3 bedroom

Average rent

$1,825

Last 30 days

Last year

10%

4 bedroom

Average rent

$1,900

Last 30 days

65%

The table above reflects average rent prices in Hobbs, NM, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Hobbs, NM to other cities

Median rent prices in Hobbs, NM for all bedroom counts and property types compared to Andrews, TX.

Hobbs

Median rent price$1,400

27%

lower than the national median

Median rent price$1,187

38%

lower than the national median

Takeaway

The median rent for all rentals in Hobbs, NM is 18% higher than the median rent in Andrews, TX.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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