
Cheap Homes for Rent in Covington, IN from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Covington.


1135 N Jackson St

924 N Bowman Ave

1818 Michigan St

2000 Indianapolis Rd

36 Lake St

904 Sloan St

17 Fairweight Ave

515 Sheridan St

16 S Buchanan St

50 Lake St

1007 May St

706 Edith St

1215 Chandler St

117 Stroup St

911 W Main St

732 South St

12 S Virginia Ave

107 State St N

920 Giddings St

9 Cronkhite Ave
Covington, IN Local Guide

How much does it cost to rent a home in Covington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Covington 2 Bedroom Homes for Rent | $846 | $650 | $1,450 |
Covington 3 Bedroom Homes for Rent | $1,367 | $535 | $3,500 |
Covington 4 Bedroom Homes for Rent | $860 | $825 | $895 |
Covington 5 Bedroom Homes for Rent | $1,095 | $1,095 | $1,095 |
Browse Top Homes for Rent in Covington
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Covington, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookhaven | Studio | Studio,1BA | $525 |
CNC Leasing Group Various Lafayette Locations | Studio | Studio,1BA | $595 |
Brunswick Apartments | Studio | Studio,1BA | $625 |
Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $649 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $726 |
Best Value Apartments for Rent in Covington, IN and Nearby
As of April 15, 2025 the best value apartment in the Covington area is the $1.23 price per square foot 2.1 F Model at Lahr Apartments in the in the Downtown Lafayette neighborhood starting from $1,547. The second greatest value Covington apartment is the 4x3 D Model at Hub on Campus West Lafayette starting at $1,395 with a $1.13 price per square foot in the Downtown Lafayette neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lahr Apartments | 2.1 F | 2BR,1BA | $1.23 |
Hub on Campus West Lafayette | 4x3 D | 4BR,3BA | $1.13 |
Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
Cloverdale Heights | Studio, 1 bath | Studio ,1BA | $1.00 |
Southridge Commons | B1 | 2BR,2BA | $1.32 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $0.76 |
Twyckenham Apartments | Two bedroom | 2BR,1BA | $1.33 |
Georgetown South | 1 Bedroom | 1BR,1BA | $1.19 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
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Frequently Asked Questions about Covington
What type of rentals are currently available in Covington?
There are currently 50 Apartments for Rent in Covington, IN with pricing that ranges from $525 to $3,534. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $535 to $3,500.
What is the current price range for Rental Homes in Covington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Covington ranges from $535 to $3,500 with an average monthly rent of $1,003.
How much are larger Three and Four Bedroom Rentals in Covington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Covington range from $975 to $3,377, while Three Bedroom Homes, Condos, and Townhomes for rent range from $535 to $3,500. Four Bedroom Single-Family rentals are also available starting from $825 and Four Bedroom Apartments start at $1,109.
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.

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.

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.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.