Hobbs, NM rental market
Last updated October 3, 2025
Rental market summary
The average rent for all bedrooms and all property types in Hobbs, NM is $1,472.
$1,472
-$228
+$423
25
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $625 to $2,650.
| Rent price | Number of rental properties |
|---|---|
| $600 | 2 |
| $700 | 1 |
| $800 | 5 |
| $900 | 2 |
| $1,000 | 1 |
| $1,100 | 1 |
| $1,300 | 2 |
| $1,400 | 2 |
| $1,700 | 3 |
| $1,800 | 4 |
| $1,900 | 2 |
| $2,000 | 1 |
| $2,100 | 2 |
| $2,200 | 1 |
| $2,300 | 1 |
| $2,400 | 4 |
| $2,500 | 3 |
| $2,600+ | 1 |
Average rent price over time
In the last year, rent has increased by $423 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,100 | $1,250 |
| Feb | $1,017 | $1,600 |
| Mar | $1,131 | $1,579 |
| Apr | $1,195 | $1,500 |
| May | $1,050 | $1,500 |
| Jun | $1,390 | $1,700 |
| Jul | $1,120 | $1,579 |
| Aug | $816 | $1,750 |
| Sep | $1,400 | $1,750 |
| Oct | $1,300 | $1,498 |
| Nov | $1,056 | No data |
| Dec | $1,052 | No data |
Market temperature
The Hobbs, NM rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Hobbs, NM is 28% lower than the national average.
$1,472
$2,039
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Frequently asked questions
1. What is the average rent in Hobbs, NM?
The average rent in Hobbs, NM is $1,472.
2. How much does it cost to rent a house in Hobbs, NM?
Houses in Hobbs, NM rent between $625 - $2,650 with an average rent of $1,472.
3. How has the rent in Hobbs, NM changed in the last year?
In the last year, the rent in Hobbs, NM increased by $423
4. How much has the rent in Hobbs, NM increased/decreased in the last month?
In the last month, the rent in Hobbs, NM decreased by $228
5. How many available rentals are there in Hobbs, NM?
There are currently 25 rentals available in Hobbs, NM.
6. How do rent prices in Hobbs, NM compare with the national average?
The average rent in Hobbs, NM is $1,472 — 27.81% lower the national average of $2,039.