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 remained the same in the last month and have increased by 6% 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 $1,184. A 1-bedroom apartment in Hobbs, NM costs about $950 on average, while a 2-bedroom apartment is $1,300. Houses for rent in Hobbs, NM are more expensive, with an average monthly cost of $1,400.


1 bedroom	$925	3%	No Change
2 bedroom	$1,300	6%	3%
3 bedroom	$1,750	7%	14%
4 bedroom	$2,975	5%	7%

				Comparables
Apartments	$1,184	3%	No Change
Houses	$1,400	1%	13%

1 bedroom

Average rent

$925

Last 30 days

Last year

No Change

2 bedroom

Average rent

$1,300

Last 30 days

Last year

3 bedroom

Average rent

$1,750

Last 30 days

Last year

14%

4 bedroom

Average rent

$2,975

Last 30 days

Last year

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$1,200

37%

lower than the national median

Median rent price$1,050

45%

lower than the national median

Takeaway

The median rent for all rentals in Hobbs, NM is 14% 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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