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Apartments in 88240

1 - 28 of 28 Results
17
$694
Park Place (Casa Hermosa)
920 E. Michigan Drive Hobbs, NM
2 BR | May. 8, 2024
Contact
Air Conditioning
Balcony/Deck/Patio
7
$1,066
Washington Place
2.3
1405 E. Marland St Hobbs, NM
2 BR | May. 2, 2024
Contact
Heat Included
Income Restricted
Air Conditioning
1
$731 - 992
Hobbs
2001 E. Clinton Hobbs, NM
1 - 3 BR | Available Now
Contact
Income Restricted
Air Conditioning
0
$582 - 849
Parkside Terrace
4.6
300 E. White St Hobbs, NM
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Storage
Dishwasher
$1,142
Skyview Terrace
3600 N Skyview St Hobbs, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,094 - 1,390
Four Seasons
2.3
2405 N. Jefferson St. Hobbs, NM
1 - 3 BR | Available Now
Contact
16
3D Tour
$1,015
Homestead Apartments
Deal
2100 East Settlers Pass Hobbs, NM
1 BR | Jun. 11, 2024
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Covered Parking
6
$2,000
1321 N San Andres | Hobbs
1321 N San Andres Dr Hobbs, NM
3 BR | Available Now
Contact
Furnished
House
Storage
8
$2,000
2307 Juniper
2307 Juniper St Hobbs, NM
2 BR | May. 1, 2024
Contact
10
$850
Very Nice 2 Bedroom
705 W Calle Sur St Hobbs, NM
2 BR | Available Now
Contact
House
9
$1,600
1820 N Gila | Hobbs, Nm
1820 N Gila Dr Hobbs, NM
3 BR | Available Now
Contact
House
Storage
Dishwasher
2
$595
St. Anne
Hobbs, NM
Studio | Available Now
Contact
Storage
Disability Access
4
$1,800
1005 Caprock
Hobbs, NM
2 BR | Available Now
Contact
Dog Friendly
House
Disability Access
Dishwasher
9
$1,800
102 Jefferson Pl
Hobbs, NM
3 BR | Available Now
Contact
House
2
$1,125
Sorrento Apartments
3500 N Fowler St Hobbs, NM
1 BR | Jun. 30, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
11
$300 - 450
The Cedars Apartments
501 W Alto St Drive Hobbs, NM
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Fitness Center
11
$2,200
2614 N Northwest
Hobbs, NM
3 BR | Available Now
Contact
House
7
$950
Wolfcamp Apartments
105 E Wolfcamp Dr Unit 4567 Hobbs, NM
2 BR | Available Now
Contact
Storage
Disability Access
Dishwasher
8
$3,100
1521 Camino del Arco
Hobbs, NM
3 BR | Available Now
Contact
House
3
$800
901 E Michigan Dr
Hobbs, NM
1 BR | Available Now
Contact
Storage
Disability Access
$850
615 W CALLE SUR
Hobbs, NM
2 BR | Available Now
Contact
House
Dishwasher
7
$1,600
408 East Grn
Hobbs, NM
3 BR | Available Now
Contact
House
$650
615 N HOUSTON
Hobbs, NM
1 BR | Available Now
Contact
Dog Friendly
House
$1,650
514 West Ave
Lovington, NM
4 BR | Ask for Availability
Contact
House
2
$1,475
3500 N. Fowler
Hobbs, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
$1,500
4608 North Grimes
Hobbs, NM
2 BR | Available Now
Contact
House
Dishwasher
$1,900
2703 N. North acres
Hobbs, NM
4 BR | Available Now
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House
Dishwasher
$1,400
1106 East Sanger
Hobbs, NM
2 BR | Available Now
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House
Dishwasher
1 - 28 of 28 Results
  1. Home
  2. Hobbs
  3. 88240

How much does it cost to rent an apartment in 88240?

88240 apartments
Bed Type Average Rent Range
Studio $600 $600 - $600
1BR $770 $300 - $1,130
2BR $850 $820 - $1,820
3BR $1,390 $990 - $2,970
4+BR $1,780 $1,650 - $1,900
Frequently Asked Questions

How many apartments are available in 88240 on Rentable.co?

Rentable.co has 28 apartments available for rent in 88240.

What is the average rent for an apartment in 88240?

The average rent for an apartment in 88240 is around $990 per month.

What is the average rent for a two-bedroom apartment in 88240?

The average rent for a two-bedroom apartment in 88240 is around $849 per month.

What is the average rent for a one-bedroom apartment in 88240?

The average rent for a one-bedroom apartment in 88240 is around $765 per month.

What is the average rent for a studio apartment in 88240?

The average rent for a studio apartment in 88240 is around $595 per month.

Find an Apartment in 88240
Looking for apartments for rent in 88240 Hobbs, NM? Rentable currently has a number of options available in this area. The average rent for these apartments is $1,480, with 1-bedroom units starting at $300.

Whether you're searching for a studio, one-bedroom, or two-bedroom apartment, there are 27 units to choose from.

Don't miss out on the opportunity to find your perfect rental in the 88240 zip code. Take a look at Rentable's apartments near 88240 and start your search today.

Hobbs:
April Rent Report

Welcome to the April 2024 Hobbs Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Hobbs rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Hobbs and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Hobbs average rent prices in the chart below.

Monthly Rent Report

$1,300
$980
$650
$330
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Hobbs Rent Prices Decrease From March to April

Hobbs rent prices decreased over the last month. From March to April, the city experienced a -0.26% decrease for the price of a one-bedroom apartment. The rent price for a Hobbs one-bedroom apartments currently stands at $761.0.

When we take a look at the two-bedroom comparison from March to April, Hobbs experienced a 9.36% increase for the price of a two-bedroom apartment. The rent price for a Hobbs two-bedroom apartments currently stands at $1,215.0.

April Prices: Hobbs vs. Surrounding Areas

Rent Prices in Hobbs and Surrounding Areas

Rent prices have decreased in Hobbs over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Hobbs suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Hobbs suburbs

  • Rents did not decrease in any of the Hobbs suburbs.

April 2024 Pricing Trends: Hobbs vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Hobbs Rent Prices More Affordable Than Major Cities

Rent growth in Hobbs over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Hobbs average rent prices appear to be relatively affordable for local residents.

The price for a Hobbs one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Hobbs and surrounding area rent prices, take a look at the complete data set below.

Data set for Hobbs and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Hobbs Apartments
Hobbs Apartments by Bedrooms
Hobbs Apartments by Affordability
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Hobbs Apartments by Zip Code