Hobbs, NM Condos for Rent

/7
$1,100 Per Month
- 2 Beds
- 1 Bath
- 703-709 W Calle Sur
703-709 W Calle Sur St Unit 703, Hobbs, NM 88240

Check out this charming 2-bedroom, 1-bathroom apartment now available. This apartment is located North of town near shops and dining. It features washer and dryer hookups, kitchen appliances, and water included. You don't want to miss out on this rental. Call us today to schedule a showing! Fees: Rent: $1,100.00Deposit: $1,100.00Renter's insurance is requiredTenant would have

703-709 W Calle Sur St Unit 703, Hobbs, NM 88240
Explore Hobbs
/14
$2,800 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
2311 N Juniper Ln Unit 2311 Juniper, Hobbs, NM 88240

Very nice corporate 2 bedroom furnished all bills paid.

2311 N Juniper Ln Unit 2311 Juniper, Hobbs, NM 88240
/8
$1,300 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- 4125-4131 North Grimes Street
4125-4131 N Grimes St Unit 4127, Hobbs, NM 88240

This charming unit has everything you need, featuring close parking, a fireplace, a private patio, some kitchen appliances, and washer and dryer hookups. Call us today to schedule a showing!Fees:Rent: $1,300.00Deposit: $1,300.00Renter's insurance is requiredTenant would have to cover: gas, electricity (and other non-essential utilities like internet/cable,

4125-4131 N Grimes St Unit 4127, Hobbs, NM 88240

New Mexico Lea County

Frequently Asked Questions

How much does it cost to rent a condo in Hobbs, NM?

The median rent for a condo in Hobbs, NM is $1,100 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.

How much do you need to make to afford rent in Hobbs, NM?

To comfortably afford the median rent in Hobbs, NM, a household needs to earn roughly $62,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,550 per month in Hobbs, NM, renters typically need to show $4,650 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Hobbs, NM?

In Hobbs, NM, the price-to-rent ratio is 18.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Hobbs, NM

There are currently 3 condos available for rent in Hobbs, NM. The median rent is $1,100 per month, with 2-bedroom condos at $1,100.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $1,100
Median 2 Bedroom Condo Rent $1,100

How to Rent a Home

Rentals in Hobbs

Condos for Rent by Bedrooms in Hobbs

2 Bedroom Condos for Rent in Hobbs

More About Living in Hobbs

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