Cheap Apartments for Rent in Hobbs, NM from $300 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hobbs.

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Rex Arms Apartments
Studio Apartments

Rex Arms Apartments

110 E Corbett StHobbs, NM 88240
  • Utilities Included
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Avalon Cove
1 to 3 Bedroom Apartments

Avalon Cove

1200 E Broadway StHobbs, NM 88240
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Cielo Vista Apartments
1 to 3 Bedroom Apartments

Cielo Vista Apartments

901 E Michigan AveHobbs, NM 88240
  • Utilities Included
property at 417 W Birch St

417 W Birch St

Denver CityTX79323
property at 808 Ave H

808 Ave H

LevellandTX79336

Hobbs, NM Local Guide

Cheapest Available Hobbs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hobbs, NM is a 2 Beds unit found at Jefferson House Apartments priced from $970. Woodleaf - FREE Utilities has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Hobbs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jefferson House ApartmentsTwo Bedroom One Bath2BR,1BA$970
Woodleaf - FREE UtilitiesOne Bedroom1BR,1BA$999
Summerwind Terrace TownhomesUnfurnished2BR,1BA$1,245

Best Value Apartments for Rent in Hobbs, NM and Nearby

As of April 13, 2025 the best value apartment in the Hobbs area is the $1.13 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,245. The second greatest value Hobbs apartment is the 2x2 (1088sf) B3 Model at Sorrento Villas starting at $1,625 with a $1.49 price per square foot . Here is today’s list of the best values for Hobbs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.13
Sorrento Villas2x2 (1088sf) B32BR,2BA$1.49
Windscape ApartmentsA11BR,1BA$2.09
Woodleaf - FREE UtilitiesOne Bedroom1BR,1BA$1.53
Sorrento ApartmentsA1E1BR,1BA$2.10

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Hobbs, NM Rentals by Map

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Getting Around Hobbs, NM

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Hobbs Apartments

How much is rent for a Cheap One Bedroom Hobbs Apartment?

The lowest price for a Cheap One Bedroom Hobbs Apartment is $999 at Woodleaf - FREE Utilities.

What is the lowest price for a Cheap Two Bedroom Hobbs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hobbs is starting from $970 at Jefferson House Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.