Cheap Apartments for Rent in Covington, IN from $500 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in Covington.

property at 1818 Michigan St

1818 Michigan St

CrawfordsvilleIN47933
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Townway Place
1 to 2 Bedroom Apartments

Townway Place

2730 Townway RdDanville, IL 61832
  • Utilities Included
property at 904 Sloan St

904 Sloan St

CrawfordsvilleIN47933
Showing Results 1-50, Page 1 of 2

Covington, IN Local Guide

Cheapest Available Covington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Covington, IN is a Studio unit found at Brookhaven priced from $525. CNC Leasing Group Various Lafayette Locations in the Downtown Lafayette neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
CNC Leasing Group Various Lafayette LocationsStudioStudio,1BA$595
Brunswick ApartmentsStudioStudio,1BA$625
Country Manor Apartments1BR/1.0BA1BR,1BA$649
The Grove1 Bed 1 Bath1BR,1BA$726
Devonshire Village1 Bed 1 Bath1BR,1BA$849
202 E Crockett2 Bedroom2BR,1BA$945
Georgetown South1 Bedroom1BR,1BA$950
Winfield Farms - Garages Available1 Bedroom1BR,1BA$990
Cloverdale HeightsStudio, 1 bathStudio,1BA$1,000

Best Value Apartments for Rent in Covington, IN and Nearby

As of April 16, 2025 the best value apartment in the Covington area is the $1.13 price per square foot 4x3 D Model at Hub on Campus West Lafayette in the in the Downtown Lafayette neighborhood starting from $1,395. The second greatest value Covington apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hub on Campus West Lafayette4x3 D4BR,3BA$1.13
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Cloverdale HeightsStudio, 1 bathStudio ,1BA$1.00
Southridge CommonsB12BR,2BA$1.32
202 E Crockett2 Bedroom2BR,1BA$1.05
Elston Point2x12BR,1BA$1.32
Country Manor Apartments1BR/1.0BA1BR,1BA$0.76
Twyckenham ApartmentsTwo bedroom2BR,1BA$1.33
Georgetown South1 Bedroom1BR,1BA$1.19
The Grove1 Bed 1 Bath1BR,1BA$0.97

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Best Local Schools in
Covington, IN

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See the most popular apartments and homes in Covington, IN

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Getting Around Covington, IN

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Covington Apartments

What is the Cheapest Studio apartment in Covington?

Currently the most affordable Cheap Studio Apartment in Covington is at Brookhaven listed at $525.

How much is rent for a Cheap One Bedroom Covington Apartment?

The lowest price for a Cheap One Bedroom Covington Apartment is $649 at Country Manor Apartments.

What is the lowest price for a Cheap Two Bedroom Covington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Covington is starting from $699 at Country Manor Apartments.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Brookhaven and starts from $975.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.