Cheap Homes for Rent in Covington, IN from $400 (17 Rentals)

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property at 1818 Michigan St

1818 Michigan St

CrawfordsvilleIN47933

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 904 Sloan St

904 Sloan St

CrawfordsvilleIN47933

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-17, Page 1 of 1

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

Best Value Apartments for Rent in Covington, IN and Nearby

As of May 11, 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
2351 State Road 25 W(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.09
Southridge CommonsB12BR,2BA$1.32
Cypress Square2 Bedroom. 1.5 Bath2BR,1.5BA$1.31
202 E Crockett2 Bedroom2BR,1BA$1.05
Country Manor Apartments1BR/1.0BA1BR,1BA$0.76
Georgetown South1 Bedroom1BR,1BA$1.19
The Grove1 Bed 1 Bath1BR,1BA$0.97

Quick Rent Budget Calculator

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Frequently Asked Questions about Covington

What type of rentals are currently available in Covington?

There are currently 52 Apartments for Rent in Covington, IN with pricing that ranges from $525 to $3,121. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $425 to $2,950.

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 $425 to $2,950 with an average monthly rent of $1,038.

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 $3,121, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $2,175. Four Bedroom Single-Family rentals are also available starting from $850 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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.