4+ Bedroom Apartment Rent in Hobbs, NM
Median asking rent for a 4+ bedroom apartment in Hobbs, New Mexico as of July 2026. That's +8% higher than the citywide median of $1,497 and +36% below the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in New Mexico
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Silver City | $1,320 |
| 2 | Carlsbad | $1,490 |
| 3 | Roswell | $1,530 |
| 4 | Alamogordo | $1,580 |
| 5 | Portales | $1,580 |
| 6 | Hobbs (this page) | $1,610 |
| 7 | Clovis | $1,650 |
| 8 | Farmington | $1,670 |
| 9 | Las Cruces | $1,732 |
| 10 | Santa Teresa | $1,740 |
| 11 | Santa Fe | $2,243 |
| 12 | Albuquerque | $2,297 |
| 13 | Los Lunas | $2,340 |
| 14 | Los Alamos | $2,350 |
| 15 | Rio Rancho | $2,815 |
Most expensive cities for a 4+ bedroom in New Mexico
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Rio Rancho | $2,815 |
| 2 | Los Alamos | $2,350 |
| 3 | Los Lunas | $2,340 |
| 4 | Albuquerque | $2,297 |
| 5 | Santa Fe | $2,243 |
| 6 | Santa Teresa | $1,740 |
| 7 | Las Cruces | $1,732 |
| 8 | Farmington | $1,670 |
| 9 | Clovis | $1,650 |
| 10 | Hobbs (this page) | $1,610 |
| 11 | Portales | $1,580 |
| 12 | Alamogordo | $1,580 |
| 13 | Roswell | $1,530 |
| 14 | Carlsbad | $1,490 |
| 15 | Silver City | $1,320 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 4+ bedroom rents than Hobbs.
| City | Distance | 4+ Bedroom rent | vs Hobbs |
|---|---|---|---|
| Carlsbad, NM | 70.7 mi | $1,490 | $-120 (-7%) |
| Roswell, NM | 90.3 mi | $1,530 | $-80 (-5%) |
| Odessa, TX | 97.5 mi | $2,573 | +$963 (+60%) |
| Portales, NM | 99.2 mi | $1,580 | $-30 (-2%) |
| Midland, TX | 108 mi | $2,910 | +$1,300 (+81%) |
| Wolfforth, TX | 114 mi | $2,120 | +$510 (+32%) |
| Clovis, NM | 124.7 mi | $1,650 | +$40 (+2%) |
| Lubbock, TX | 124.9 mi | $1,932 | +$322 (+20%) |
4+ Bedroom rent in Hobbs — common questions
How much is a 4+ bedroom apartment in Hobbs?
As of July 2026, the median 4+ bedroom apartment rent in Hobbs, New Mexico is $1,610 per month. This is +8% higher than the citywide median of $1,497.
What income do you need to afford a 4+ bedroom in Hobbs?
Using the standard 30% rent-to-income rule, you would need an annual income of about $64,400 ($5,367/month gross), which works out to roughly $30.96/hour at a full-time job.
Is Hobbs expensive for a 4+ bedroom compared to the rest of the US?
Hobbs's 4+ bedroom median of $1,610 is +36% below the national 4+ bedroom median of $2,520. It ranks in the 11th percentile of US cities tracked.
How does Hobbs rank for 4+ bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 4+ bedroom data, Hobbs ranks #6 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Hobbs?
Yes — nearby cities with cheaper 4+ bedroom rents include Carlsbad ($1,490), Roswell ($1,530), Portales ($1,580).