Cheap Apartments for Rent in Covington, VA from $500 (9 Rentals)

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

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Cedar Forest
2 to 3 Bedroom Apartments

Cedar Forest

306 Dairy StCovington, VA 24426
  • Utilities Inc.
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Dolly Ann Apartments
2 to 3 Bedroom Apartments

Dolly Ann Apartments

826 Long AveCovington, VA 24426
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4306 Williamson Rd NW
2 Bedroom Apartments

4306 Williamson Rd NW

4306 Williamson Rd NWRoanoke, VA 24012
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Covington, VA Local Guide

Cheapest Available Covington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Covington, VA is a Studio unit found at Ridgeview Apartments in the Fair Land neighborhood priced from $660. Sterlingwood Apartments in the Gilmer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$660
Sterlingwood Apartments1 Bedroom/1 Bathroom Classic Floor Plan1BR,1BA$999
WestWind Apartment Homes1 bedroom1BR,1BA$1,064

Best Value Apartments for Rent in Covington, VA and Nearby

As of March 02, 2025 the best value apartment in the Covington area is the $1.02 price per square foot 3 Bedroom x 1.5 Bathroom Classic Floor Plan Model at Countryside Estates in the in the South Washington Heights neighborhood starting from $1,399. The second greatest value Covington apartment is the 2BR/2BA Model at Peters Creek Apartments - Tax Credit starting at $1,117 with a $1.12 price per square foot in the Eastgate neighborhood. 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.
Countryside Estates3 Bedroom x 1.5 Bathroom Classic Floor Plan3BR,1.5BA$1.02
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$1.12
Fieldstone Place2 Bedroom2BR,2BA$1.48
Hickory WoodsRenovated Two Bedroom Two Bathroom2BR,2BA$1.56
Glade Creek (I)Renovated One Bedroom1BR,1BA$1.43
Salem Wood ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.44
The Flats at Rutgers2x12BR,1BA$1.48
The View at 7772x1-A2BR,1BA$1.43
Frontier Apartments2BR 1BA2BR,1BA$1.46
WestWind Apartment Homes1 bedroom1BR,1BA$1.42

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Location, Location, Location!

Explore Covington, VA Rentals by Map

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Getting Around Covington, VA

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Ridgeview Apartments listed at $660.

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

The lowest price for a Cheap One Bedroom Covington Apartment is $710 at Ridgeview 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 $1,099 at Frontier Apartments.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Peters Creek Apartments - Tax Credit and starts from $1,282.

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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.