2-Bedroom Apartment Rent in Hobbs, NM
Median asking rent for a 2-bedroom apartment in Hobbs, New Mexico as of July 2026. That's +24% lower than the citywide median of $1,497 and +31% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-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 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Alamogordo | $930 |
| 2 | Portales | $930 |
| 3 | Silver City | $960 |
| 4 | Clovis | $980 |
| 5 | Roswell | $1,030 |
| 6 | Carlsbad | $1,080 |
| 7 | Farmington | $1,100 |
| 8 | Las Cruces | $1,124 |
| 9 | Santa Teresa | $1,130 |
| 10 | Hobbs (this page) | $1,140 |
| 11 | Albuquerque | $1,383 |
| 12 | Los Alamos | $1,400 |
| 13 | Los Lunas | $1,410 |
| 14 | Santa Fe | $1,690 |
| 15 | Rio Rancho | $1,695 |
Most expensive cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho | $1,695 |
| 2 | Santa Fe | $1,690 |
| 3 | Los Lunas | $1,410 |
| 4 | Los Alamos | $1,400 |
| 5 | Albuquerque | $1,383 |
| 6 | Hobbs (this page) | $1,140 |
| 7 | Santa Teresa | $1,130 |
| 8 | Las Cruces | $1,124 |
| 9 | Farmington | $1,100 |
| 10 | Carlsbad | $1,080 |
| 11 | Roswell | $1,030 |
| 12 | Clovis | $980 |
| 13 | Silver City | $960 |
| 14 | Portales | $930 |
| 15 | Alamogordo | $930 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 2-bedroom rents than Hobbs.
| City | Distance | 2-Bedroom rent | vs Hobbs |
|---|---|---|---|
| Carlsbad, NM | 70.7 mi | $1,080 | $-60 (-5%) |
| Roswell, NM | 90.3 mi | $1,030 | $-110 (-10%) |
| Odessa, TX | 97.5 mi | $1,800 | +$660 (+58%) |
| Portales, NM | 99.2 mi | $930 | $-210 (-18%) |
| Midland, TX | 108 mi | $1,834 | +$694 (+61%) |
| Wolfforth, TX | 114 mi | $1,300 | +$160 (+14%) |
| Clovis, NM | 124.7 mi | $980 | $-160 (-14%) |
| Lubbock, TX | 124.9 mi | $1,183 | +$43 (+4%) |
2-Bedroom rent in Hobbs — common questions
How much is a 2-bedroom apartment in Hobbs?
As of July 2026, the median 2-bedroom apartment rent in Hobbs, New Mexico is $1,140 per month. This is +24% below the citywide median of $1,497.
What income do you need to afford a 2-bedroom in Hobbs?
Using the standard 30% rent-to-income rule, you would need an annual income of about $45,600 ($3,800/month gross), which works out to roughly $21.92/hour at a full-time job.
Is Hobbs expensive for a 2-bedroom compared to the rest of the US?
Hobbs's 2-bedroom median of $1,140 is +31% below the national 2-bedroom median of $1,655. It ranks in the 15th percentile of US cities tracked.
How does Hobbs rank for 2-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 2-bedroom data, Hobbs ranks #10 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Hobbs?
Yes — nearby cities with cheaper 2-bedroom rents include Carlsbad ($1,080), Roswell ($1,030), Portales ($930).