Hubert died on Saturday from injuries sustained in a big accident early in the Belgian Grand Prix-supporting feature race.
The Frenchman, who had won two races in his rookie F2 season, has been described as a “huge talent who who also brought great energy and positivity to his championship, his teams and the Renault Sport Academy”.
“Anthoine was a bright young man. His performance and conduct on and off track was that of a true gentleman and it was a pleasure and honour to have had him within our Academy.
“He will be sorely missed by our teams at Enstone and Viry. His spirit will remain with the team and we will race in his memory.”
Hubert was one of the brightest young talents in French motorsport.
He won the French F4 title in his first year of car racing in 2013, before taking multiple wins in Renault’s Eurocup and Alps categories two years later.
The 22-year-old won races in every category he contested during his career, including as a rookie in European Formula 3 in 2016.
Renault’s statement added: “His smile and sunny personality lit up our formidable group of young drivers, who had formed tight and enduring bonds.