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Duplex for Rent in Hobbs, NM
Hobbs 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 $658 / mo
- 1 Bedroom 707 Sq Ft $1,148 / mo
- 2 Bedrooms 979 Sq Ft $1,417 / mo
- 3 Bedrooms 1,199 Sq Ft $1,688 / mo
Average Rent in Nearby Cities
(For 1 bedroom apartments)- Cities Average Rent
- Hobbs $1,710/mo
Getting Around Hobbs
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Apartments for Rent Near Hobbs
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Hobbs Apartments for Rent in Your Budget
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Frequently asked questions about renting in Hobbs, NM
What are the average rent costs in Hobbs, NM?
The average rent in Hobbs, NM is $1,148.
What are the average rent costs of a studio apartment in Hobbs, NM?
The average rent for a studio apartment in Hobbs, NM is $658.
What are the average rent costs of a one bedroom apartment in Hobbs, NM?
The average rent for a 1 bedroom apartment in Hobbs, NM is $1,148.
What are the average rent costs of a two bedroom apartment in Hobbs, NM?
The average rent for a 2 bedroom apartment in Hobbs, NM is $1,417.
What are the average rent costs of a three bedroom apartment in Hobbs, NM?
The average rent for a 3 bedroom apartment in Hobbs, NM is $1,688.
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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.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.