Bedroom count
Property type
Last updated on July 7, 2026
Average rent in
Hobbs, NM
Average rent in
Last updated on July 7, 2026
Bedroom count
Property type
Median rent
Median rent in Hobbs
$1,425/mo
5%vs previous year
The average rent in Hobbs is $1,425 per month as of July 2026. This is 27% below the national average rent, or $525 less per month.
average price per square foot
Total rentals
Available rentals in Hobbs
15
for rent on Zumper.com as of July 2026
Rent price distribution
Share of Hobbs rentals at each price point
Rent trends in Hobbs, NM
Average rent prices in Hobbs have increased by 3% over the last month and have decreased by 5% 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 $1,363, whereas a house costs $1,710. 1-bedroom apartments in Hobbs run $1,224 on average, while 2-bedroom apartments are $1,495.
Listings | ||||
|---|---|---|---|---|
1 bedroom | $950 | 3% |  20% | |
2 bedroom | $1,450 | 5% | 3% | |
3 bedroom | $1,800 | 9% | 4% | |
4 bedroom | $2,200 | 4% | 9% |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Hobbs, NM.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,363 | No Change | 5% | |
Houses | $1,710 | 11% | No Change |
1 bedroom
Average rent
$950
Last 30 days
3%
Last year
20%
2 bedroom
Average rent
$1,450
Last 30 days
5%
Last year
3%
3 bedroom
Average rent
$1,800
Last 30 days
9%
Last year
4%
4 bedroom
Average rent
$2,200
Last 30 days
4%
Last year
9%
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Hobbs, NM.
Apartments
Average rent
$1,363
Last 30 days
No Change
Last year
5%
Houses
Average rent
$1,710
Last 30 days
11%
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
27%lower than the national median
38%lower than the national median
Takeaway
The median rent for all rentals in Hobbs, NM is 17% higher than the median rent in Andrews, TX.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,215
14%$1,350
23%$1,325
37%$1,587
11%$2,400
10%$1,299
12%$1,300
1%$2,250
3%$1,786
12%$1,250
2%$900
38%$1,600
10%Discover rentals in Hobbs, NM
5d+ ago
Apartment for rent in Hobbs
1200 East Broadway Street , Hobbs, NM, 88240 - 6-602 #6-602, Hobbs, NM 88240
2 beds
1 bath
$832
Apartment for rent
Available Apr 29
5d+ ago
Apartment for rent in Hobbs
1200 East Broadway Street , Hobbs, NM, 88240 - 3-302 #3-302, Hobbs, NM 88240
3 beds
2 baths
$959
Apartment for rent
Available Apr 29
5d+ ago
W Calle Sur St, Hobbs, NM 88240
2 beds
1 bath
$995
Apartment for rent
5d+ ago
Apartment for rent in Hobbs
1122 E Broadway St #B302, Hobbs, NM 88240
3 beds
2 baths
$1,200
Apartment for rent
Available Apr 29
14h ago
Verified
3901 N Central Dr, Hobbs, NM 88240
1–3 beds
1–2 baths
$1,224–$1,797
Apartment for rent
4d ago
3500 N Fowler St, Hobbs, NM 88240
1–2 beds
1–2 baths
$1,325–$1,595
Apartment for rent
9h ago
901 E Michigan Dr, Hobbs, NM 88240
1 bed
1 bath
$1,000
Price drop
Apartment for rent
5d+ ago
Apartment for rent in Hobbs
1122 E Broadway St #B103, Hobbs, NM 88240
1 bed
1 bath
$900
Apartment for rent
Available Apr 29
14h ago
Verified
3901 N Central Dr, Hobbs, NM 88240
1–3 beds
1–2 baths
$1,224–$1,797
Apartment for rent
4d ago
3500 N Fowler St, Hobbs, NM 88240
1–2 beds
1–2 baths
$1,325–$1,595
Apartment for rent
3d ago
1502 E Bender Blvd, Hobbs, NM 88240
2 beds
1 bath
$1,200
Apartment for rent
14h ago
Verified
3901 N Central Dr, Hobbs, NM 88240
1–3 beds
1–2 baths
$1,224–$1,797
Apartment for rent
3d ago
1502 E Bender Blvd, Hobbs, NM 88240
2 beds
1 bath
$1,200
Apartment for rent
5d+ ago
Apartment for rent in Hobbs
1200 East Broadway Street , Hobbs, NM, 88240 - 1-105 #1-105, Hobbs, NM 88240
1 bed
1 bath
$694
Apartment for rent
Available Apr 29
4d ago
3500 N Fowler St, Hobbs, NM 88240
1–2 beds
1–2 baths
$1,325–$1,595
Apartment for rent
9h ago
901 E Michigan Dr, Hobbs, NM 88240
1 bed
1 bath
$1,000
Price drop
Apartment for rent
3d ago
1502 E Bender Blvd, Hobbs, NM 88240
2 beds
1 bath
$1,200
Apartment for rent
5d+ ago
W Calle Sur St, Hobbs, NM 88240
2 beds
1 bath
$995
Apartment for rent
5d+ ago
House for rent in Hobbs
107 W Dunnam St, Hobbs, NM 88240
1 bed
1 bath
$800
House for rent
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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 $1,425 per month as of July 4, 2026.
Is rent up or down in Hobbs?
Average rent prices in Hobbs have increased by 3% over the last month and have decreased by 5% since last year.
How does Hobbs rent compare to the national average?
Rent in Hobbs is 27% below the national average, which means renters are paying approximately $525 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 $57,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Hobbs?
Hobbs rental prices in 2025 show one-bedroom apartments averaging around $870 per month, while two-bedroom units rent for around $1,500 monthly. These figures reflect the establishment of a new rental market in this southeastern New Mexico oil industry hub.
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).