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Parkside Terrace
300 E White StHobbs, NM 88240
Cheap Apartments for Rent in Hobbs, NM from $300 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Hobbs.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
417 W Birch St
Denver CityTX79323
226 Cherry St
LevellandTX79336
1017 N Main Ave
Denver CityTX79323
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
901 11th St
SeagravesTX79359
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Hobbs, NM Local Guide
Hobbs welcome sign by Chuck Coker is licensed under CC BY 2.0
How much does it cost to rent an apartment in Hobbs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hobbs Studio Apartments | $770 | $770 | $770 |
| Hobbs 1 Bedroom Apartments | $1,116 | $324 | $2,100 |
| Hobbs 2 Bedroom Apartments | $1,508 | $383 | $4,179 |
| Hobbs 3 Bedroom Apartments | $2,204 | $438 | $5,491 |
Browse Top Apartments in Hobbs
See all Apartments in HobbsExplore Hobbs
Hobbs, NM Local Guide
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Cheapest Available Hobbs Apartments for Rent and Nearby
The cheapest available apartment rental in Hobbs, NM is a 1 Bed unit found at Woodleaf - FREE Utilities priced from $999. Summerwind Terrace Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here is today’s list of the most affordable Hobbs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodleaf - FREE Utilities | One Bedroom | 1BR,1BA | $999 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1BA | $1,295 |
| Sorrento Apartments | A1E | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Hobbs, NM and Nearby
As of May 16, 2025 the best value apartment in the Hobbs area is the $1.79 price per square foot C1 Model at Oak Manor Villas in the starting from $2,445. The second greatest value Hobbs apartment is the Unfurnished Model at Summerwind Terrace Townhomes starting at $1,295 with a $1.18 price per square foot . Here is today’s list of the best values for Hobbs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Manor Villas | C1 | 3BR,2BA | $1.79 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.18 |
| Sorrento Villas | 2x2 (1088sf) B3 | 2BR,2BA | $1.49 |
| Windscape Apartments | A1 | 1BR,1BA | $2.09 |
| Woodleaf - FREE Utilities | One Bedroom | 1BR,1BA | $1.53 |
| Sorrento Apartments | A1E | 1BR,1BA | $2.10 |
Quick Rent Budget Calculator
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Best Local Schools in Hobbs, NM
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Explore Hobbs, NM Rentals by Map
See the most popular apartments and homes in Hobbs, NM
Hobbs, NM Apartments MapHobbs, NM Rental Homes MapGetting Around Hobbs, NM
Walk Score®
38 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,199 at Woodleaf - FREE Utilities.
What is the most affordable Hobbs Three Bedroom Apartment?
The best deal on a cheap Hobbs Three Bedroom Apartment rental is at Sorrento Villas and starts from $1,995.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.