Find Rentals in Hobbs
Homes for Rent Houses for Rent Apartments for Rent See Newest Listings
Explore Listings
Browse Rentals Browse Houses Browse Apartments
Market Trends
Rental Market Trends Hottest Rental Markets
Property Managers
List Your Rentals Property Manager Directory Listings Quality Policy
Renter Resources
Avoid Scams & Fraud Rent vs. Buy Calculator Rent Affordability Calculator Moving Center
Help & Support
Blog FAQs About Us Contact Us

Save homes you like and get email alerts for new listings.

Sign up
Log in
  Filters Save search
  1. Home
  2. ›
  3. Rentals
  4. ›
  5. New Mexico
  6. ›
  7. Lea County
  8. ›
  9. Hobbs
  10. ›
  11. 88240

Homes & Apartments for Rent in Hobbs, NM 88240

Showing 11 rentals in 88240, then 1 more within 25 miles, nearest first.
1-12 of 12 rentals
Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 88240Apartment for rent at 3500 N Fowler St, Hobbs, NM 882401 / 10
Featured
Verified Managed by American Capital Realty Group
$1,450 - $1,475
Apartment1 Bed1 Bath636-642 ft2
3500 N Fowler St
Hobbs, NM 88240
Welcome to Sorrento Apartments, presented by American Capital Realty Group. We have several units available for lease. For more information and to schedule a showing, please contact us. Electric Stove, Refrigerator, Washer/Dryer, Microwave, Dishwasher, Gated Property, Basketball Court, Playground, Doggy Park, Gas Fireplace, Tennis Court, 24/7 Fitness Center, 2 Club Houses, Picnic & Grilling Areas, 24/7 Emergency Maintenance, 2 Community Pools, Stainless Steel Kitchen Appliances & Refrigertor. Pet Friendly.
Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 88240Apartment for rent at 2319-2331 N Desert Willow Lane, Hobbs, NM 882401 / 10
Verified Managed by Nexus Property Management
$1,600 - $1,800
Apartment2-3 Beds1-2 Baths1,100 ft2
2319-2331 N Desert Willow Lane
Hobbs, NM 88240
Welcome to 2319-2331 N Desert Willow Lane, presented by Nexus Property Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Stove, Refrigerator, Dishwasher, Washer & Dryer.
Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 88240Apartment for rent at 4024-4030 N Calle Grande, Hobbs, NM 882401 / 10
Verified Managed by Nexus Property Management
$1,400
Apartment2 Beds1.5 Baths1,039 ft2
4024-4030 N Calle Grande
Hobbs, NM 88240
Welcome to 4024-4030 North Calle Grande, presented by Nexus Property Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Laundry Hook-Ups, Refrigerator, Dishwasher & Stove.
Apartment for rent at 2315 N Jefferson St, Hobbs, NM 88240Apartment for rent at 2315 N Jefferson St, Hobbs, NM 88240Apartment for rent at 2315 N Jefferson St, Hobbs, NM 88240Apartment for rent at 2315 N Jefferson St, Hobbs, NM 88240Apartment for rent at 2315 N Jefferson St, Hobbs, NM 88240Apartment for rent at 2315 N Jefferson St, Hobbs, NM 882401 / 6
Verified Managed by Nexus Property Management
$725
Apartment1 Bed1 Bath550 ft2
2315 N Jefferson St
Hobbs, NM 88240
Welcome to 2315 North Jefferson Street, presented by Nexus Property Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Refrigerator, Stove, Water, Sewer, Trash & Window Unit. Pet Friendly.
Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240Apartment for rent at 1518 W Calle Sur, Hobbs, NM 882401 / 8
New - yesterday
Verified Managed by Berkshire Hathaway HomeServices Enchanted Lands
$1,415
Apartment2 Beds1 Bath1,112 ft2
1518 W Calle Sur
Hobbs, NM 88240
Welcome to 1518 West Calle Sur, presented by Berkshire Hathaway HomeServices Enchanted Lands, Realtors. We have several units available for lease. For more information and to schedule a showing, please contact us. Refrigerator, Stove, Double Car Garage, Pet Friendly, Non-refundable pet fee of $250 per pet, Pet rent $25-$40/month & Mandatory Resident's Benefit Package $50 monthly fee. Pet Friendly.
House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 88240House for rent at 1008 Sandia Dr, Hobbs, NM 882401 / 10
Verified Managed by Marva G Brooks
$2,800
House4 Beds2 Baths2,800 ft2
1008 Sandia Dr
Hobbs, NM 88240
Perfect For Executive or Corporate Housing. Every room is very spacious. Newly upgraded. Nice yards. Backyard storage building. Double carport. Nice established neighborhood. 2 large living areas with privacy. Additional Storage, Storage Space, Dish Washer, Washer/Dryer, Yard, Updated Kitchen, Central Air, Central Heat, Stainless Steel Appliances, Sunroom with it's own A/C, Block outdoor Storage building & Garden Area.
Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 88240Apartment for rent at 700 E Park, Hobbs, NM 882401 / 8
Verified Managed by Empire Real Estate Group
$825
Apartment1 Bed1 Bath
700 E Park
Hobbs, NM 88240
Welcome to Park street apartments, presented by Empire Real Estate Group. We have several units available for lease. For more information and to schedule a showing, please contact us. Water Garbage Sewage & Stove Refrigerator.
Apartment for rent at 616-716 Calle Sur, Hobbs, NM 88240Apartment for rent at 616-716 Calle Sur, Hobbs, NM 88240Apartment for rent at 616-716 Calle Sur, Hobbs, NM 88240Apartment for rent at 616-716 Calle Sur, Hobbs, NM 88240Apartment for rent at 616-716 Calle Sur, Hobbs, NM 88240Apartment for rent at 616-716 Calle Sur, Hobbs, NM 88240Apartment for rent at 616-716 Calle Sur, Hobbs, NM 882401 / 7
Verified Managed by Empire Real Estate Group
$1,050
Apartment2 Beds1 Bath
616-716 Calle Sur
Hobbs, NM 88240
Welcome to Calle Sur Apartments, presented by Empire Real Estate Group. We have several units available for lease. For more information and to schedule a showing, please contact us. Water, Stove Diswasher Refrigerator & Washer Dryer Hook Ups.
House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 88240House for rent at 804 E Randy Place, Hobbs, NM 882401 / 10
Verified Managed by Rivas Property Management
$3,500
House5 Beds3.5 Baths
804 E Randy Place
Hobbs, NM 88240
One-of-a-Kind Floor Plan Featuring a Gourmet Kitchen, Central Patio and Detached Shop. Welcome 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 the central atrium flood the interior spaces with warm, natural sunlight throughout the day. The property includes a 30X40 heavy-duty outdoor shop, offering convenient storage space for tools, recreational gear or workshop projects.
House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240House for rent at 4000 N Mescalero Dr, Hobbs, NM 882401 / 10
Featured
Verified Managed by Nexus Property Management
$2,200
House3 Beds2 Baths1,874 ft2
4000 N Mescalero Dr
Hobbs, NM 88240
Check out this charming home located in Hobbs and conveniently close to shops and restaurants. This three-bedroom, two-bath property sits right down the street from Stone Elementary and offers a spacious layout. It features a large backyard, a 2-car garage and an additional storage unit. The kitchen also includes a stove and dishwasher. Fees: Rent: $2,200. Deposit: $2,200. Renter's insurance is required. Tenant would have to cover: water, gas, electricity (and other non-essential utilities like internet/cable, etc). Approved Application Fee: $50 per applicant.
House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 88240House for rent at 3013 N Gantt, Hobbs, NM 882401 / 10
Verified Managed by Rivas Property Management
$3,600
House3 Beds2 Baths1,546 ft2
3013 N Gantt
Hobbs, NM 88240
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 living and hassle-free move-in.

More rentals near 88240

House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 88242House for rent at 1325 W Canterbury, Hobbs, NM 882421 / 10
Featured
Verified Managed by Nexus Property Management
$3,300
House4 Beds3 Baths3,196 ft2
1325 W Canterbury
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 2 car garage. With multiple outdoor spaces and ample storage throughout, this home provides both comfort and functionality. Fees: Rent: $3,300. Deposit: $3,300. Renter's insurance is required.
18.5 miles away
Viewing 1-12 of 12 rentals in and near 88240
  1. Home
  2. ›
  3. Rentals
  4. ›
  5. New Mexico
  6. ›
  7. Lea County
  8. ›
  9. Hobbs
  10. ›
  11. 88240
What to Know About

Life in Hobbs & Beyond

Hobbs shares many of the great qualities that make New Mexico a desirable place to live.

New Mexico, known as the "Land of Enchantment," boasts a rich cultural heritage, stunning desert landscapes, and thriving arts and outdoor recreation. Learn about the state's fascinating history by visiting ancient Native American ruins, such as the remarkable Chaco Canyon and Aztec Ruins, or experience modern art museums, including the world-renowned Harwood Museum of Art and the Museum of International Folk Art. The state is also home to several prestigious universities, including New Mexico State University and the University of New Mexico.

Outdoor enthusiasts will find no shortage of opportunities for adventure in New Mexico, with endless options for hiking, camping, and skiing in the Sandia and Sacramento Mountains, as well as fishing and boating in Lake Powell and Elephant Butte Lake. In addition, be sure to explore some of the most iconic landscapes in the country, including the magnificent Carlsbad Caverns National Park and White Sands National Monument, and experience the historic charm of Taos.

New Mexico's unique blend of affordability, job opportunities, cultural heritage, natural beauty, and quality of life make it a great place to live. So whether you're seeking outdoor adventures, artistic inspiration, or a peaceful desert oasis, New Mexico has it all.

Rental Market Trends

Hobbs, NM

View full report

As of October 2026, Hobbs's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hobbs's average rent is 5.3% ($83) lower than the New Mexico average of $1,561 and 18.7% ($341) lower than the U.S. average of $1,819.

Average Rent
$1,478
Monthly ChangeMonth Over Month Change
Increased4.3% ($61)
Yearly ChangeYear Over Year Change
Decreased8.4% ($135)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,315 Increased17.4% ($195) Increased13.2% ($153)
2 Beds $1,493 Increased8.4% ($116) Increased5.7% ($81)
3 Beds $2,130 Increased11.5% ($220) Increased6.9% ($137)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hobbs Rental Market FAQs

Explore rental prices, market conditions, and affordability in Hobbs, NM.

The average rent in Hobbs, NM is $1,478 per month.
In Hobbs, the average rent for a 1-bedroom home is $1,315 per month, for a 2-bedroom home, $1,493 per month, and a 3-bedroom home is $2,130 per month.
The average rent in Hobbs is 18.7% ($341) lower than the national average of $1,819 per month.
The rental market in Hobbs, NM, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $59,720 to comfortably afford a 2-bedroom home in Hobbs.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.