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Apartments under $1,600 for Rent in Hobbs, NM
83 Rentals
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1 BED$1,155+2 BEDS$1,460+Homestead Apartments
2100 E Settlers Pass, Hobbs, NM 88240 -
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1 BED$1,099+2 BEDS$1,249+
Woodleaf - FREE Utilities
3320 N Dal Paso St, Hobbs, NM 88240 -
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1 BED$519+2 BEDS$622+3 BEDS$706+
La Pradera
1023 E Glorietta Dr, Hobbs, NM 88240 -
STUDIO$770+1 BED$870+2 BEDS$970+Jefferson House Apartments
2001 N Jefferson St, Hobbs, NM 88240 -
1 BED$1,200+2 BEDS$1,440+New Leaf
1601 E Marland St, Hobbs, NM 88240 -
1 BED$1,119+2 BEDS$1,336+3 BEDS$1,538+
Skyview Terrace
3600 N Skyview St, Hobbs, NM 88240 -
1 BED$324+2 BEDS$383+3 BEDS$438+
Parkside Terrace
300 E White St, Hobbs, NM 88240 -
1 BED$830+2 BEDS$996+3 BEDS$1,151+
Park Place
920 E Michigan Ave, Hobbs, NM 88240 -
2 BEDS, 1.5 BATHS$1,400500 W Kiowa Ave
500 W Kiowa Ave, Hobbs, NM 88240 -
1 BED, 1 BATH$750Cute one bedroom
423 E Clinton St, Hobbs, NM 88240 -
2 BEDS, 1 BATH$1,000
Remodeled 2 bedroom 1 bath
500.5 E Stanolind Rd, Hobbs, NM 88240 -
1 BED, 1 BATH$900
1122 3 E Broadway St
1122 3 E Broadway St, Hobbs, NM 88240 -
1 BED$1,325+2 BEDS$1,495+
Sorrento Apartments
3500 N Fowler St, Hobbs, NM 88240 -
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Eagle Ridge
3419 N Dal Paso St, Hobbs, NM 88240
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Clear All FiltersHobbs at a Glance
Hobbs, NM Apartments for Rent
Hobbs is a city in southeastern New Mexico that grew rapidly following the discovery of oil in 1927, transforming from a small settlement into the state's seventh-most populous city. Those looking for apartments for rent in Hobbs will find affordable options in a community shaped by the energy industry, with rental rates that remain below the state average. The city's oil and gas economy continues to provide employment opportunities for residents seeking stable work in the region.
Renting in Hobbs offers practical advantages for those working in the energy sector or seeking lower living costs in New Mexico. Apartment communities in the area typically feature one-, two-, and three-bedroom layouts, with average rents ranging from approximately $1,100 for a one-bedroom to $1,700 for a three-bedroom unit. The city's location in Lea County provides access to local shopping and dining establishments, while its compact size of 24 square miles makes commuting straightforward for residents. With a median household income of around $51,000 and a population of nearly 38,000, Hobbs maintains a manageable scale that appeals to renters seeking affordability and proximity to employment in the oil and gas industry.
Renting in Hobbs
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 301 Sq Ft $659 / mo
- 1 Bedroom 710 Sq Ft $1,098 / mo
- 2 Bedrooms 977 Sq Ft $1,402 / mo
- 3 Bedrooms 1,198 Sq Ft $1,653 / mo
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Apartments for Rent Near Hobbs
Hobbs Apartments for Rent in Your Budget
- Apartments with Move-In Specials in Hobbs, NM
- 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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Note: Based on community-supplied data and independent market research. Subject to change without notice.