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Apartments under $1,300 for Rent in Hobbs, NM
82 Rentals
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Good Value -
Good Value
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Exceptional Value1 BED$1,107+2 BEDS$726+3 BEDS$1,000+New Leaf
1601 E Marland St, Hobbs, NM 88240 -
Exceptional Value1 BED$830+2 BEDS$996+3 BEDS$1,151+Park Place
920 E Michigan Ave, Hobbs, NM 88240 -
Good Value1 BED$1,026+2 BEDS$1,224+
Skyview Terrace
3600 N Skyview St, Hobbs, NM 88240 -
STUDIO$770+1 BED$870+2 BEDS$970+
Jefferson House Apartments
2001 N Jefferson St, Hobbs, NM 88240 -
1 BED$324+2 BEDS$383+3 BEDS$438+
Parkside Terrace
300 E White St, Hobbs, NM 88240 -
2 BEDS, 1 BATH$995Shade tree Sweetie
201 W Scharbauer St, Hobbs, NM 88240 -
Call for RentEagle Ridge
3419 N Dal Paso St, Hobbs, NM 88240
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Clear All FiltersHobbs at a Glance
Hobbs, NM Apartments for Rent
Located in eastern New Mexico, Hobbs offers apartments for rent at competitive prices in this thriving energy sector community. Founded in 1907 as a small homestead, Hobbs transformed following the discovery of oil in 1927 and now serves as the principal city of Lea County with a population of over 40,000. The city's strong economy centers on energy production, providing steady employment opportunities for residents.
Apartments for rent in Hobbs are situated near essential amenities, including the Zia Park Casino, Hotel and Racetrack, the University of the Southwest campus, and New Mexico Junior College. The average rent for a one-bedroom apartment is approximately $1,117, reflecting an 11% increase from the previous year. The area experiences a semi-arid climate with warm summers and mild winters, featuring more than 300 days of sunshine annually.
Renting in Hobbs
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 301 Sq Ft $657 / mo
- 1 Bedroom 707 Sq Ft $1,139 / mo
- 2 Bedrooms 979 Sq Ft $1,388 / mo
- 3 Bedrooms 1,199 Sq Ft $1,637 / mo
Getting Around Hobbs
Education
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Apartments for Rent Near Hobbs
Hobbs Apartments for Rent in Your Budget
- Hobbs Apartments Under $500
- Hobbs Apartments Under $600
- Hobbs Apartments Under $700
- Hobbs Apartments Under $800
- Hobbs Apartments Under $900
- Hobbs Apartments Under $1,000
- Hobbs Apartments Under $1,100
- Hobbs Apartments Under $1,200
- Hobbs Apartments Under $1,300
- Hobbs Apartments Under $1,400
- Hobbs Apartments Under $1,500
- Hobbs Apartments Under $1,600
- Hobbs Apartments Under $1,700
- Hobbs Apartments Under $1,800
- Hobbs Apartments Under $1,900
- Hobbs Apartments Under $2,000
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Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
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Note: Based on community-supplied data and independent market research. Subject to change without notice.