Average rent in Hobbs, NM
As of September 2026, the typical asking rent in the Hobbs, NM metro area is $1,469 per month, up 9.1% from a year ago — 2% below the US metro average of $1,498.
Figures cover all property types — single-family, condo and apartment — at every bedroom count. The interactive map can break rents down by home type.
Average rent
$1,469
September 2026
Year over year
+9.1%
vs $1,347 a year ago
3-year change
+22.8%
from $1,196
Our forecast accuracy here
±2.1%
avg error on held-out data
Hobbs, NM rent history
Observed market rent since April 2023, with the next 2 forecast months and their expected range.
Hobbs, NM rent forecast
Our forecasting engine projects rents each month for every US metro with at least a year of observed data. The next 2 months for Hobbs, NM are free below; the full 12-month outlook with confidence ranges is part of RentLens Pro.
| Month | Forecast rent | Expected range | MoM | YoY | Since Sep 2026 |
|---|---|---|---|---|---|
| October 2026 | $1,469 | $1,456–$1,491 | 0.0% | +8.0% | 0.0% |
| November 2026 | $1,471 | $1,452–$1,504 | +0.2% | +6.7% | +0.1% |
| Months 3–12 are available on the interactive forecast → see the full Hobbs, NM forecast | |||||
Explore Hobbs, NM on the live map
Interactive history, zip-level rents, and 12-month ML forecasts with explainability.
More New Mexico metros
Rent figures are smoothed median asking rents (Zillow Observed Rent Index) for the Hobbs, NM metro area, updated monthly. Forecasts are produced by RentLens's proprietary ML models; “forecast accuracy” is this metro's average prediction error on held-out historical data.