3-Bedroom Apartment Rent in Hobbs, NM
Median asking rent for a 3-bedroom apartment in Hobbs, New Mexico as of July 2026. That's +6% lower than the citywide median of $1,497 and +34% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in New Mexico
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Clovis | $1,250 |
| 2 | Silver City | $1,280 |
| 3 | Alamogordo | $1,310 |
| 4 | Portales | $1,310 |
| 5 | Roswell | $1,330 |
| 6 | Hobbs (this page) | $1,410 |
| 7 | Carlsbad | $1,430 |
| 8 | Farmington | $1,540 |
| 9 | Las Cruces | $1,562 |
| 10 | Santa Teresa | $1,570 |
| 11 | Los Alamos | $1,890 |
| 12 | Albuquerque | $1,939 |
| 13 | Los Lunas | $1,980 |
| 14 | Santa Fe | $2,137 |
| 15 | Rio Rancho | $2,375 |
Most expensive cities for a 3-bedroom in New Mexico
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho | $2,375 |
| 2 | Santa Fe | $2,137 |
| 3 | Los Lunas | $1,980 |
| 4 | Albuquerque | $1,939 |
| 5 | Los Alamos | $1,890 |
| 6 | Santa Teresa | $1,570 |
| 7 | Las Cruces | $1,562 |
| 8 | Farmington | $1,540 |
| 9 | Carlsbad | $1,430 |
| 10 | Hobbs (this page) | $1,410 |
| 11 | Roswell | $1,330 |
| 12 | Portales | $1,310 |
| 13 | Alamogordo | $1,310 |
| 14 | Silver City | $1,280 |
| 15 | Clovis | $1,250 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 3-bedroom rents than Hobbs.
| City | Distance | 3-Bedroom rent | vs Hobbs |
|---|---|---|---|
| Carlsbad, NM | 70.7 mi | $1,430 | +$20 (+1%) |
| Roswell, NM | 90.3 mi | $1,330 | $-80 (-6%) |
| Odessa, TX | 97.5 mi | $2,180 | +$770 (+55%) |
| Portales, NM | 99.2 mi | $1,310 | $-100 (-7%) |
| Midland, TX | 108 mi | $2,356 | +$946 (+67%) |
| Wolfforth, TX | 114 mi | $1,810 | +$400 (+28%) |
| Clovis, NM | 124.7 mi | $1,250 | $-160 (-11%) |
| Lubbock, TX | 124.9 mi | $1,646 | +$236 (+17%) |
3-Bedroom rent in Hobbs — common questions
How much is a 3-bedroom apartment in Hobbs?
As of July 2026, the median 3-bedroom apartment rent in Hobbs, New Mexico is $1,410 per month. This is +6% below the citywide median of $1,497.
What income do you need to afford a 3-bedroom in Hobbs?
Using the standard 30% rent-to-income rule, you would need an annual income of about $56,400 ($4,700/month gross), which works out to roughly $27.12/hour at a full-time job.
Is Hobbs expensive for a 3-bedroom compared to the rest of the US?
Hobbs's 3-bedroom median of $1,410 is +34% below the national 3-bedroom median of $2,130. It ranks in the 11th percentile of US cities tracked.
How does Hobbs rank for 3-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 3-bedroom data, Hobbs ranks #6 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Hobbs?
Yes — nearby cities with cheaper 3-bedroom rents include Roswell ($1,330), Portales ($1,310), Clovis ($1,250).