1-Bedroom Apartment Rent in Hobbs, NM
Median asking rent for a 1-bedroom apartment in Hobbs, New Mexico as of July 2026. That's +42% lower than the citywide median of $1,497 and +38% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Hobbs
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Hobbs
Compare Hobbs's median rent across every apartment size.
Cheapest cities for a 1-bedroom in New Mexico
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Portales | $720 |
| 2 | Alamogordo | $760 |
| 3 | Silver City | $770 |
| 4 | Roswell | $800 |
| 5 | Clovis | $810 |
| 6 | Hobbs (this page) | $870 |
| 7 | Farmington | $910 |
| 8 | Carlsbad | $980 |
| 9 | Las Cruces | $1,016 |
| 10 | Santa Teresa | $1,020 |
| 11 | Los Alamos | $1,100 |
| 12 | Albuquerque | $1,128 |
| 13 | Los Lunas | $1,150 |
| 14 | Rio Rancho | $1,380 |
| 15 | Santa Fe | $1,420 |
Most expensive cities for a 1-bedroom in New Mexico
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Santa Fe | $1,420 |
| 2 | Rio Rancho | $1,380 |
| 3 | Los Lunas | $1,150 |
| 4 | Albuquerque | $1,128 |
| 5 | Los Alamos | $1,100 |
| 6 | Santa Teresa | $1,020 |
| 7 | Las Cruces | $1,016 |
| 8 | Carlsbad | $980 |
| 9 | Farmington | $910 |
| 10 | Hobbs (this page) | $870 |
| 11 | Clovis | $810 |
| 12 | Roswell | $800 |
| 13 | Silver City | $770 |
| 14 | Alamogordo | $760 |
| 15 | Portales | $720 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 1-bedroom rents than Hobbs.
| City | Distance | 1-Bedroom rent | vs Hobbs |
|---|---|---|---|
| Carlsbad, NM | 70.7 mi | $980 | +$110 (+13%) |
| Roswell, NM | 90.3 mi | $800 | $-70 (-8%) |
| Odessa, TX | 97.5 mi | $1,410 | +$540 (+62%) |
| Portales, NM | 99.2 mi | $720 | $-150 (-17%) |
| Midland, TX | 108 mi | $1,564 | +$694 (+80%) |
| Wolfforth, TX | 114 mi | $1,100 | +$230 (+26%) |
| Clovis, NM | 124.7 mi | $810 | $-60 (-7%) |
| Lubbock, TX | 124.9 mi | $998 | +$128 (+15%) |
1-Bedroom rent in Hobbs — common questions
How much is a 1-bedroom apartment in Hobbs?
As of July 2026, the median 1-bedroom apartment rent in Hobbs, New Mexico is $870 per month. This is +42% below the citywide median of $1,497.
What income do you need to afford a 1-bedroom in Hobbs?
Using the standard 30% rent-to-income rule, you would need an annual income of about $34,800 ($2,900/month gross), which works out to roughly $16.73/hour at a full-time job.
Is Hobbs expensive for a 1-bedroom compared to the rest of the US?
Hobbs's 1-bedroom median of $870 is +38% below the national 1-bedroom median of $1,395. It ranks in the 10th percentile of US cities tracked.
How does Hobbs rank for 1-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 1-bedroom data, Hobbs ranks #6 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Hobbs?
Yes — nearby cities with cheaper 1-bedroom rents include Roswell ($800), Portales ($720), Clovis ($810).