Last updated on October 7, 2026

Average rent in
Hobbs, NM

Median rent

Median rent in Hobbs

$1,450/mo

increased by20%

vs previous year

The average rent in Hobbs is $1,450 per month as of October 2026. This is 24% below the national average rent, or $450 less per month.

$1.67

average price per square foot

Total rentals

Available rentals in Hobbs

22

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Hobbs rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Hobbs, NM

Average rent prices in Hobbs have increased by 7% over the last month and have increased by 20% since last year.

Rent trends

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

Compare rent prices in Hobbs, NM

Rent prices in Hobbs vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Hobbs is $1,300, whereas a house costs $2,200. 1-bedroom apartments in Hobbs run $1,000 on average, while 2-bedroom apartments are $1,489.

Listings

Studio

$772

6%

19%

1 bedroom

$950

6%

30%

2 bedroom

$1,450

3%

15%

3 bedroom

$1,947

12%

6%

4 bedroom

$3,150

4%

9%

Studio

Average rent

$772

Last 30 days

6%

Last year

19%

1 bedroom

Average rent

$950

Last 30 days

6%

Last year

30%

2 bedroom

Average rent

$1,450

Last 30 days

3%

Last year

15%

3 bedroom

Average rent

$1,947

Last 30 days

12%

Last year

6%

4 bedroom

Average rent

$3,150

Last 30 days

4%

Last year

9%

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.

How does rent in Hobbs, NM compare to other cities?

Compare median rent prices in Hobbs and Andrews by all bedroom counts and property types.

Hobbs

Median rent price$1,450
decreased by24%

lower than the national median

Median rent price$1,032
decreased by46%

lower than the national median

Takeaway

The median rent for all rentals in Hobbs, NM is 40% higher than the median rent in Andrews, TX.

Average rent in nearby cities

Explore rent trends in neighboring markets

Andrews

$1,032

decreased by2%
Last year
Artesia

$1,700

increased by11%
Last year
Brownfield

$850

N/A
Last year
Carlsbad

$1,620

decreased by9%
Last year
Gardendale

$2,200

increased by17%
Last year
Lovington

$1,564

increased by93%
Last year

Discover rentals in Hobbs, NM

1200 East Broadway Street , Hobbs, NM, 88240 - 6-602 #6-602 - Photo 1 of 1

5d+ ago

Apartment for rent in Hobbs

Avalon Cove Apartment LLC - 6-602

1200 East Broadway Street , Hobbs, NM, 88240 - 6-602 #6-602, Hobbs, NM 88240

2 beds

1 bath

$832

1200 East Broadway Street , Hobbs, NM, 88240 - 3-302 #3-302 - Photo 1 of 1

5d+ ago

Apartment for rent in Hobbs

Avalon Cove Apartment LLC - 3-302

1200 East Broadway Street , Hobbs, NM, 88240 - 3-302 #3-302, Hobbs, NM 88240

3 beds

2 baths

$959

703-709 W Calle Sur - Photo 1 of 1

4d ago

8

Very good

703-709 W Calle Sur

703 W Calle Sur St, Hobbs, NM 88240

2 beds

1 bath

$1,000

1122 E Broadway St #B302 - Photo 1 of 1

5d+ ago

Apartment for rent in Hobbs

East Broadway Apartment LLC - B-302

1122 E Broadway St #B302, Hobbs, NM 88240

3 beds

2 baths

$1,200

Stay up to date with rental market insights

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Hobbs, NM

Quick answers to common questions about the Hobbs rental market.

How much is rent in Hobbs?

The average rent in Hobbs is $1,450 per month as of October 3, 2026.

Is rent up or down in Hobbs?

Average rent prices in Hobbs have increased by 7% over the last month and have increased by 20% since last year.

How does Hobbs rent compare to the national average?

Rent in Hobbs is 24% below the national average, which means renters are paying approximately $450 less per month.

What salary do I need to afford rent in Hobbs?

To comfortably afford rent in Hobbs, you'd need to earn approximately $58,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Hobbs?

October offers the best rental deals in Hobbs, with rents running about 14% lower than peak summer prices in June.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Andrews
Apartments for rent in Hobbs
Apartments for rent in Lovington

1008 Sandia Dr, Hobbs, NM 88240, USA
2311 N Juniper Ln, Hobbs, NM 88240, USA
530 North Burk Street, Hobbs, NM 88240, US
1122 E Broadway St, Hobbs, NM 88240, USA
1325 W Canterbury St, Hobbs, NM 88242, USA
4824 W Big Red Rd, Hobbs, NM 88240, USA
804 Randy Pl, Hobbs, NM 88240, USA
3013 N Gantt Ave, Hobbs, NM 88240, USA
1004 W Mackenzie Dr, Hobbs, NM 88240, USA
1005 W Caprock St, Hobbs, NM 88240, USA
102 Jefferson Pl, Hobbs, NM 88240, USA
102 W Berry Dr, Hobbs, NM 88240, USA
1026 E Highland Dr, Hobbs, NM 88240, USA
1028 E Bender Blvd, Hobbs, NM 88240, USA
1040 East Glorietta Drive, Hobbs, NM 88240, USA
1100 E Llano Dr, Hobbs, NM 88240, USA
1107 N Coleman St, Hobbs, NM 88240, USA
1107 W Scharbauer St, Hobbs, NM 88240, USA
1124 W Mesa Verde Dr, Hobbs, NM 88240, USA
1209 E Snyder St, Hobbs, NM 88240, USA