Studio Apartment Rent in Hobbs, NM
Median asking rent for a studio apartment in Hobbs, New Mexico as of July 2026. That's +46% lower than the citywide median of $1,497 and +37% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Hobbs
Compare Hobbs's median rent across every apartment size.
Cheapest cities for a studio in New Mexico
| # | City | Studio rent |
|---|---|---|
| 1 | Alamogordo | $640 |
| 2 | Clovis | $670 |
| 3 | Portales | $680 |
| 4 | Roswell | $750 |
| 5 | Silver City | $770 |
| 6 | Carlsbad | $790 |
| 7 | Las Cruces | $800 |
| 8 | Santa Teresa | $800 |
| 9 | Hobbs (this page) | $810 |
| 10 | Farmington | $890 |
| 11 | Albuquerque | $949 |
| 12 | Los Lunas | $970 |
| 13 | Los Alamos | $990 |
| 14 | Rio Rancho | $1,165 |
| 15 | Santa Fe | $1,283 |
Most expensive cities for a studio in New Mexico
| # | City | Studio rent |
|---|---|---|
| 1 | Santa Fe | $1,283 |
| 2 | Rio Rancho | $1,165 |
| 3 | Los Alamos | $990 |
| 4 | Los Lunas | $970 |
| 5 | Albuquerque | $949 |
| 6 | Farmington | $890 |
| 7 | Hobbs (this page) | $810 |
| 8 | Santa Teresa | $800 |
| 9 | Las Cruces | $800 |
| 10 | Carlsbad | $790 |
| 11 | Silver City | $770 |
| 12 | Roswell | $750 |
| 13 | Portales | $680 |
| 14 | Clovis | $670 |
| 15 | Alamogordo | $640 |
Nearby cities — studio rent
Considering nearby alternatives? 4 of these cities have cheaper studio rents than Hobbs.
| City | Distance | Studio rent | vs Hobbs |
|---|---|---|---|
| Carlsbad, NM | 70.7 mi | $790 | $-20 (-2%) |
| Roswell, NM | 90.3 mi | $750 | $-60 (-7%) |
| Odessa, TX | 97.5 mi | $1,403 | +$593 (+73%) |
| Portales, NM | 99.2 mi | $680 | $-130 (-16%) |
| Midland, TX | 108 mi | $1,556 | +$746 (+92%) |
| Wolfforth, TX | 114 mi | $910 | +$100 (+12%) |
| Clovis, NM | 124.7 mi | $670 | $-140 (-17%) |
| Lubbock, TX | 124.9 mi | $827 | +$17 (+2%) |
Studio rent in Hobbs — common questions
How much is a studio apartment in Hobbs?
As of July 2026, the median studio apartment rent in Hobbs, New Mexico is $810 per month. This is +46% below the citywide median of $1,497.
What income do you need to afford a studio in Hobbs?
Using the standard 30% rent-to-income rule, you would need an annual income of about $32,400 ($2,700/month gross), which works out to roughly $15.58/hour at a full-time job.
Is Hobbs expensive for a studio compared to the rest of the US?
Hobbs's studio median of $810 is +37% below the national studio median of $1,290. It ranks in the 11th percentile of US cities tracked.
How does Hobbs rank for studio rent in New Mexico?
Among the 15 cities in New Mexico with studio data, Hobbs ranks #9 from cheapest to most expensive.
Are there cheaper studio options near Hobbs?
Yes — nearby cities with cheaper studio rents include Carlsbad ($790), Roswell ($750), Portales ($680).