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Homes & Apartments for Rent in Lea County, NM

1-11 of 11 rentals

House for rent at 4000 N Mescalero Dr, Hobbs, NM 88240

1/10

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.

1/10

Managed by American Capital Realty Group

$1,450 - $1,495

Apartment1 Bed1 Bath636-742 ft²

Sorrento

3500 N Fowler St, Hobbs, NM 88240

Here at The Sorrento Apartments we are a Gated/Class A property. In our community we are a quiet, family oriented, friendly, and of course Pet Friendly. on the property we are offering spectacular amenities for you, your guess, and we can't forget the pets as well to have and amazing time to relax and enjoy. In our community you will experience the most beautiful New Mexico sunset, luxurious pool side view with tremendous lighting. In our units we offer our beautiful cozy 1 bedrooms 1 bath which include our beautiful Stainless steel appliances, large walk-in closets, and our patio's/balcony's.

Apartment for rent at 1518 W Calle Sur, Hobbs, NM 88240

1/10

Featured

Managed by Berkshire Hathaway HomeServices Enchanted Lands

$1,415

$1,480/mo with required fees

Apartment2 Beds1 Bath906 ft²

1518 W Calle Sur

Hobbs, NM 88240

Welcome home to 1518 W Calle Sur St, Unit B. This updated 2-bedroom, 1-bathroom residence offers comfort, character, and modern conveniences in a quiet triplex setting. Key Features: Cozy brick fireplace in the spacious main living area. Durable, low-maintenance LVP and tile flooring throughout (no carpet) Updated kitchen equipped with newer appliances. Dedicated laundry room with full-size washer/dryer hookups and closing doors. Private patio area complete with an outdoor storage closet. Shared garage parking and extra storage space. Central heating and air conditioning for year-round comfort. Conveniently located near local schools, dining, and shopping.

1/8

New 6 days ago

Managed by Empire Real Estate Group

$1,800

House3 Beds1 Bath

1828 N Breckon Dr

Hobbs, NM 88240

Furnished 3 bedroom 1 bath home.

Apartment for rent at 2001-2111 W Jackson Ave, Lovington, NM 88260

1/10

New 1 day ago

Managed by Nexus Property Management

$1,200

Apartment2 Beds1 Bath784 ft²

2001-2111 W Jackson Ave

Lovington, NM 88260

Newly remodeled apartment in Lovington, NM. 2 bedroom, 1 bathroom. Comes with kitchen appliances and washer and dryer hookups. Fees: Rent: $1,200. Deposit: $1,200. Renter's insurance is required. Tenant would have to cover: water, gas, electricity (and other non-essential utilities like internet/cable, etc). Application Fee: $50 per applicant. Pet deposit: non-refundable $250. Pet rent: $50 per pet each month. Late fees are 5% of the rent and are charged on the 6th if the balance is not paid. Non-sufficient fund: $35. Replacement key: $5. Rekeying property: $150. Online payment fee: Credit Card: 2.

Townhouse for rent at 3007 Montgomery St, Hobbs, NM 88240

1/4

New 4 days ago

Managed by Berkshire Hathaway HomeServices Enchanted Lands

$1,800

$1,865/mo with required fees

Townhouse3 Beds2.5 Baths1,500 ft²

3007 Montgomery St

Hobbs, NM 88240

Welcome home to this beautiful, move-in-ready two-story townhome located in a quiet, established neighborhood on Montgomery in Hobbs. Offering the rare combination of low-maintenance townhome living with the outdoor space of a single-family house, this property is ready for immediate occupancy. Key Features & Highlights: Rare Large Backyard: Generous private outdoor space to relax, grill, and enjoy the evenings-a hard-to-find perk for townhome living. Fresh Modern Upgrades: Brand-new wood-look flooring just installed across the entire second floor-clean, modern, and carpet-free upstairs. Spacious 3 Bed, 2.5 Bath Layout: Generous floor plan with all 3 bedrooms privately situated upstairs, plus a convenient guest half-bath downstairs.

House for rent at 705 W Polk, Lovington, NM 88260

1/10

New 5 days ago

Managed by Nexus Property Management

$2,200

House3 Beds2 Baths2,151 ft²

705 W Polk

Lovington, NM 88260

This charming 3-bedroom, 2-bathroom home is now available. Featuring beautiful hardwood floors, this home offers a spacious kitchen with plenty of counter space, comfortable living areas, and a single-car garage. Outside, you will find a large backyard with a covered patio, ideal for relaxing or entertaining, plus a generous side yard that provides even more room to enjoy the outdoors. Contact us for more information or to schedule a showing. 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). Application Fee: $50 per applicant.

Apartment for rent at Bella Terra, 1502 E Bender Blvd, Hobbs, NM 88240

1/10

Managed by Nexus Property Management

$1,150 - $1,300

Apartment1-2 Beds1 Bath629-888 ft²

Bella Terra

1502 E Bender Blvd, Hobbs, NM 88240

At Bella Terra we have one and two bedroom apartments available in furnished and unfurnished options. All of our apartments include all utilities. We have an on-site laundry facility and a pool. Outside you can enjoy shaded courtyards and outdoor grills. Amenities: Corporate, All Bills Included, Stove, Electric & Gas.

House for rent at 1008 Sandia Dr, Hobbs, NM 88240

1/10

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. Amenities: Updated Kitchen, Central Heat & Garden Area.

1/14

Managed by Bartlett Properties

$2,300

House3 Beds2 Baths1,900 ft²

4824 W Big Red Rd

Hobbs, NM 88240

3 bedroom, two bath, 3 car garage, grass in back with sprinklers, garden tub in master with separate shower, walk in closet. Other Features: Fridge - in unit, grass with sprinklers, 3 car garage (2 car wide one side double long. Amenities: Trash Compactor.

1/10

Featured

Managed by American Capital Realty Group

$1,650 - $1,675

Apartment2 Beds2 Baths1,050-1,088 ft²

Sorrento Villas

3500 N Fowler, Hobbs, NM 88240

The Sorrento Villas is our brand new apartments built in our property if you are looking for something brand new, luxurious, and of course Pet Friendly; you are looking in the perfect place. Here in our community we are a quiet and family oriented, offering spectacular amenities. In addition, we are a Class A property. In our community you will experience the most beautiful New Mexico sunset and a luxurious pool side view with tremendous lighting.

Viewing 1-11 of 11 rentals in Lea County

What to Know About

Life in Lea County & Beyond

Lea County 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

Lea County, NM

As of November 2026, Lea County's rental market is competitive, with rentals spending about 21 days on the market, faster than in New Mexico (23), and rents up 2.7% over the past year. Lea County's average rent is 4.2% ($67) lower than the New Mexico average of $1,587 and 25.3% ($516) lower than the U.S. average of $2,036.

Average Rent

$1,520

Monthly ChangeMonth Over Month Change

0.83% ($13)

Yearly ChangeYear Over Year Change

2.7% ($40)

Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,087	0.34% ($4)	0.6% ($7)
2 Beds	$1,328	0.39% ($5)	0.5% ($7)
3 Beds	$1,948	0.98% ($19)	4.3% ($80)

Cities within Lea County	Average Rent	Avg. Rent vs. LeaAverage Rent vs. Lea County	Days on Market
Hobbs	$1,528	0.5% ($8)	21 days
Lovington	$1,362	10.4% ($158)	23 days

Based on rentals advertised on RentalSource in and around Lea County.

Frequently Asked Questions

Lea County Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lea County, NM.

What is the average rent in Lea County, NM?

The average rent in Lea County, NM is about $1,520 per month.

What is the average rent for different bedroom sizes in Lea County, NM?

In Lea County, the average rent is about $1,087 per month for a 1-bedroom home, about $1,328 for a 2-bedroom home and about $1,948 for a 3-bedroom home.

How do rent prices in Lea County, NM compare with the national average?

The average rent in Lea County is 25.3% ($516) lower than the national average of $2,036 per month.

How competitive is the rental market in Lea County, NM?

The rental market in Lea County, NM is currently competitive, with rentals spending about 21 days on the market, faster than in New Mexico (23), and rents up 2.7% over the past year.

Can I afford to rent a home in Lea County, NM?

Based on the current averages, a household would need an annual income of about $53,100 to comfortably afford a 2-bedroom home in Lea County.

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