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Hobbs, NM Homes for Rent

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    Starting at $1,650 Per Month

    • 2 - 3 Beds

    3500 N Fowler St, Hobbs, NM 88240

    Welcome to Sorrento Villas, where our committed team and exceptional amenities offer a luxurious living experience. Our thoughtfully designed one and two-bedroom apartments provide the perfect setting. Each residence features full-size washer and dryer units, custom upper cabinets, stainless steel appliances, side-by-side refrigerators with dispensers, granite countertops, contemporary lighting

    Sorrento Villas

    3500 N Fowler St, Hobbs, NM 88240
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    Starting at $709 Per Month

    • 2 - 3 Beds

    1021 E Yeso Dr, Hobbs, NM 88240

    Playa Escondida

    1021 E Yeso Dr, Hobbs, NM 88240
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    Starting at $519 Per Month

    • 1 - 3 Beds

    1023 E Glorietta Dr, Hobbs, NM 88240

    La Pradera

    1023 E Glorietta Dr, Hobbs, NM 88240
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    Starting at $1,099 Per Month

    • 1 - 2 Beds

    3320 N Dal Paso St, Hobbs, NM 88240

    Welcome to Woodleaf - FREE Utilities. This property is situated in the 88240 area of Hobbs. Let the knowledgeable leasing staff show you everything this community has in store. Make your move to Woodleaf - FREE Utilities. Contact us or stop in to schedule a tour.After the application is accepted it usually takes about 3 weeks for the unit to be fully ready for move in.

    Woodleaf - FREE Utilities

    3320 N Dal Paso St, Hobbs, NM 88240
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    Starting at $1,345 Per Month

    • 2 Beds

    16 Stonecrest Ct, Hobbs, NM 88240

    Summerwind Terrace Townhomes

    16 Stonecrest Ct, Hobbs, NM 88240
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    Starting at $1,200 Per Month

    • 1 - 2 Beds

    2100 E Settlers Pass, Hobbs, NM 88240

    Homestead Apartments is located at 2100 East Settlers Pass Hobbs, NM. We offer a variety of 1 and 2 bedroom apartment floor plans ranging in size from 644 to 1110 square feet. Our apartments in Hobbs, NM have central cooling, walk-in closets, 9-foot ceilings, and a washer and dryer. Each kitchen is fully-equipped with stainless steel amenities include a BBQ/picnic area, off-street parking,

    Homestead Apartments

    2100 E Settlers Pass, Hobbs, NM 88240
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    Starting at $1,327 Per Month

    • 1 - 3 Beds

    3901 N Central Dr, Hobbs, NM 88240

    Your new home awaits at Windscape Apartments in Hobbs, New Mexico! Choose from spacious one-, two-, and three-bedroom apartments featuring fully equipped kitchens with a pantry, plush carpeting, lighted ceiling fans, walk-in closets with shelving, private patios or balconies with storage, and in-home washers and dryers. Select homes offer granite countertops and stainless-steel appliances for

    Windscape Apartments

    3901 N Central Dr, Hobbs, NM 88240
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    $1,850 Per Month

    • 3 Beds
    • 2 Baths
    • 1,532 Sq Ft
    • Townhouse for Rent

    3026 N Houston St, Hobbs, NM 88240

    Property Id: 948877 3 bedroom 2 bath 2 car garage Townhouse located near Mills Elementary, shopping centers and restaurants. No bills included Rent: $1850 a month Deposit: $1500 Application fee: $55 non-refundable per applicant Refrigerator, washer, & dryer Not Included.

    3026 N Houston St, Hobbs, NM 88240
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    Call for Price

    • Property for Rent

    701 S Rash St, Hobbs, NM 88240

    Fenced commercial yard with approximately 1.43 acres. Easy access to Marland and Carlsbad Highway (US Highway 62). Broker owner. For lease only.

    DUSTY ROBINSON Robinson & Associates Real Estate

    701 S Rash St, Hobbs, NM 88240
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    $3,800 Per Month

    • 4 Beds
    • 3 Baths
    • 3,196 Sq Ft
    • House for Rent

    1325 W Canterbury St, Hobbs, NM 88242

    This beautiful, spacious 4 bedroom, 3 bathroom home in a highly desirable neighborhood offers plenty of room both inside and out. The bright interior features abundant natural light and generous living spaces. The primary suite includes two separate walk-in closets and a private yard with additional storage. Outside, the property also offers a main backyard, a side lot with a storage unit, and a

    1325 W Canterbury St, Hobbs, NM 88242
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    $3,500 Per Month

    • 5 Beds
    • 3.5 Baths
    • House for Rent

    804 Randy Place, Hobbs, NM 88240

    One-of-a-Kind Floor Plan Featuring a Gourmet Kitchen, Central Patio, and Detached ShopWelcome to a truly extraordinary rental home that seamlessly combines spacious living with inspired architectural design. Offering 5 generously sized bedrooms and 3.5 bathrooms, this residence is built around a private central patio, filling the interior with abundant natural light large windows encircling

    804 Randy Place, Hobbs, NM 88240
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    $1,000 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: $1,000.00Deposit: $1,000.00Renter's insurance is requiredTenant would have

    703-709 W Calle Sur St Unit 703, Hobbs, NM 88240
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    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,715 Sq Ft
    • House for Rent

    1240 W Copper Ave, Hobbs, NM 88240

    Discover the perfect blend of comfort, convenience, and space in this beautiful 3-bedroom, 2-bathroom home located in a highly desirable neighborhood just steps away from a local park. Designed with modern living in mind, this home features an inviting open living room space ideal for entertaining family and friends or simply relaxing in comfort.Step outside to your private, fully fenced

    1240 W Copper Ave, Hobbs, NM 88240
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    $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
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    $3,600 Per Month

    • 3 Beds
    • 2 Baths
    • 1,546 Sq Ft
    • House for Rent

    3013 Gantt Ave, Hobbs, NM 88240

    Welcome home to this charming, turn-key 3-bedroom, 2-bathroom residence situated in a quiet, highly desirable neighborhood. Thoughtfully decorated and fully furnished, this move-in-ready home offers an ideal balance of comfort, functionality, and outdoor space.Whether relaxing in the spacious open living area or enjoying the private outdoor yard, this home is designed for effortless daily

    3013 Gantt Ave, Hobbs, NM 88240

Why Live in Hobbs

Hobbs, located in southeast New Mexico near the Texas border, is the largest city in Lea County and serves as a regional commercial hub. Known for its strong ties to the oil and gas industry since its founding in 1907, Hobbs features a mix of midcentury ranch-style homes and modern subdivisions, with housing options ranging from low-key duplexes to luxury properties. The city experiences a semi-arid climate with hot summers. Hobbs High is renowned for its successful boys' and girls' basketball teams. The city offers a variety of attractions, including the Zia Park Casino and Racetrack, Del Norte Park, McAdams Park, and the CORE Center of Recreational Excellence. Dining options are predominantly Mexican and Tex-Mex, concentrated along Turner Street/Lovington Highway and Marland Boulevard. Annual events such as the Veterans' Day and Christmas Parades, along with the Lea County Fair and PRCA Rodeo in nearby Lovington, add to the community spirit. Major highways like U.S. 62 and 180 connect Hobbs to cities like Carlsbad and Lubbock, while Lea County Regional Airport provides daily flights to Houston and Denver.

Frequently Asked Questions

How much does it cost to rent a home in Hobbs, NM?
The median rent for a home in Hobbs, NM is $2,400 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 $96,000 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 $2,400 per month in Hobbs, NM, renters typically need to show $7,200 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 11.7, 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.

Rental Home Trends

Number of Homes for Rent
15
Median Rent
$2,400
Median Single Family Home Rent
$3,800
Median Condo Rent
$1,000
How to Rent a Home