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 decreased by 17% in the last month and have increased by 18% 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 $1,000. A 1-bedroom apartment in Hobbs, NM costs about $860 on average, while a 2-bedroom apartment is $1,119. Houses for rent in Hobbs, NM are more expensive, with an average monthly cost of $2,000.


1 bedroom	$950	14%	3%
2 bedroom	$1,046	5%	9%
3 bedroom	$2,200	10%	16%
4 bedroom	$2,000	23%	52%
Studio	$650	No Change	9%

				Comparables
Apartments	$1,000	11%	No Change
Houses	$2,000	3%	No Change

Studio

Average rent

$650

Last year

1 bedroom

Average rent

$950

Last 30 days

14%

Last year

2 bedroom

Average rent

$1,046

Last 30 days

Last year

3 bedroom

Average rent

$2,200

Last 30 days

10%

Last year

16%

4 bedroom

Average rent

$2,000

Last 30 days

23%

Last year

52%

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$1,300

34%

lower than the national median

Median rent price$1,100

44%

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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