Bedroom count
Property type
Last updated on May 22, 2026
Average rent in
Hobbs, NM
Average rent in
Last updated on May 22, 2026
Bedroom count
Property type
Median rent
Median rent in Hobbs
$1,418/mo
28%vs previous year
The average rent in Hobbs is $1,418 per month as of May 2026. This is 27% below the national average rent, or $531 less per month.
average price per square foot
Total rentals
Available rentals in Hobbs
17
for rent on Zumper.com as of May 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 13% over the last month and have increased by 28% 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 $1,262, whereas a house costs $1,800. 1-bedroom apartments in Hobbs run $1,100 on average, while 2-bedroom apartments are $1,200.
Listings | ||||
|---|---|---|---|---|
1 bedroom | $800 | 6% |  7% | |
2 bedroom | $1,200 | 2% | 8% | |
3 bedroom | $1,850 | No Change | 33% | |
4 bedroom | $1,650 | 7% | - |
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 | $1,262 | 6% | No Change | |
Houses | $1,800 | 17% | No Change |
1 bedroom
Average rent
$800
Last 30 days
6%
Last year
7%
2 bedroom
Average rent
$1,200
Last 30 days
2%
Last year
8%
3 bedroom
Average rent
$1,850
Last 30 days
No Change
Last year
33%
4 bedroom
Average rent
$1,650
Last 30 days
7%
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
$1,262
Last 30 days
6%
Houses
Average rent
$1,800
Last 30 days
17%
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 18% higher than the median rent in Andrews, TX.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,200
33%$675
24%$1,500
$1,700
15%$2,400
4%$1,626
48%$1,304
2%$2,300
7%$1,800
18%$1,200
6%$900
12%$1,625
7%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
11h ago
2021 N Jefferson St, Hobbs, NM 88240
2–3 beds
1 bath
$950–$1,095
Apartment for rent
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
8h ago
312 E Saint Anne Pl, Hobbs, NM 88240
2 beds
1 bath
$995
Apartment for rent
5d+ ago
House for rent in Hobbs
5109 W Grey Ghost Rd, Hobbs, NM 88240
4 beds
2 baths
$3,450
House for rent
5d+ ago
Apartment for rent in Hobbs
2315 N Juniper Ln, Hobbs, NM 88240
3 beds
2 baths
$3,000
$2,800
Price drop
Apartment for rent
5d+ ago
Apartment for rent in Hobbs
3 beds
2 baths
$2,600
Apartment for rent
5d+ ago
3901 N Central Dr, Hobbs, NM 88240
1–3 beds
1–2 baths
$1,288–$1,898
Price drop
Apartment for rent
12h ago
3500 N Fowler St, Hobbs, NM 88240
1 bed
1 bath
$1,325
Apartment for rent
2d ago
House for rent in Hobbs
4 beds
2 baths
$2,800
House for rent
5d+ ago
1502 E Bender Blvd, Hobbs, NM 88240
1 bed
1 bath
$1,100
Apartment for rent
5d+ ago
3901 N Central Dr, Hobbs, NM 88240
1–3 beds
1–2 baths
$1,288–$1,898
Price drop
Apartment for rent
5d+ ago
1502 E Bender Blvd, Hobbs, NM 88240
1 bed
1 bath
$1,100
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
12h ago
3500 N Fowler St, Hobbs, NM 88240
1 bed
1 bath
$1,325
Apartment for rent
2d ago
House for rent in Hobbs
4 beds
2 baths
$2,800
House for rent
8h ago
312 E Saint Anne Pl, Hobbs, NM 88240
2 beds
1 bath
$995
Apartment for rent
4d ago
2021 N Jefferson St, Hobbs, NM 88240
2 beds
1 bath
$950
Apartment for rent
5d+ ago
1502 E Bender Blvd, Hobbs, NM 88240
1 bed
1 bath
$1,100
Apartment for rent
5d+ ago
901 E Michigan Dr, Hobbs, NM 88240
1 bed
1 bath
$1,000–$1,100
Price drop
Apartment 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 $1,418 per month as of May 16, 2026.
Is rent up or down in Hobbs?
Average rent prices in Hobbs have increased by 13% over the last month and have increased by 28% 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 $531 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).