4 BEDS, 2 BATHS
$3,450
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Four Bedroom Houses for Rent in Hobbs, NM
2 Rentals
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4 BEDS, 2 BATHS$3,5001107 E La Brea Ave
1107 E La Brea Ave, Hobbs, NM 88240
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Hobbs, NM Houses 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 by Neighborhoods
Hobbs Apartments for Rent in Your Budget
- Hobbs Apartments Under $500
- Hobbs Apartments Under $600
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- 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.