Cheap Apartments for Rent in Covington, IN from $400 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
property at 1818 Michigan St

1818 Michigan St

CrawfordsvilleIN47933
property at 306 Meadow Ave

306 Meadow Ave

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.

Read Article

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.

Read Article
Showing Results 1-40, 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. Downtown Lafayette Living! 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
Downtown Lafayette Living!StudioStudio,1BA$595
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
Townway Place1 Beds, 1 Baths1BR,1BA$795
Crestview ApartmentsCrestview IIIStudio,1BA$870
Devonshire Village1 Bed 1 Bath1BR,1BA$900
202 E Crockett2 Bedroom2BR,1BA$945
Concord CrossingWEA CREEK I Apartment: NEW Construction SOLD OUT!1BR,1BA$950
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975

Best Value Apartments for Rent in Covington, IN and Nearby

As of June 08, 2025 the best value apartment in the Covington area is the $0.93 price per square foot 4x3 D Model at Hub on Campus West Lafayette in the in the Downtown West Lafaytte neighborhood starting from $1,145. 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$0.93
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Concord CrossingTEAYS Duplex2BR,2BA$1.44
Lahr Apartments2.1 I2BR,1BA$1.44
Southridge CommonsB12BR,2BA$1.32
Georgetown South2 Bedroom2BR,1BA$1.16
202 E Crockett2 Bedroom2BR,1BA$1.05
Elston Point2x1 R2BR,1BA$1.43
The Grove1 Bed 1 Bath1BR,1BA$0.97
Townway Place1 Beds, 1 Baths1BR,1BA$1.33

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Covington, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Covington, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Covington, IN

View MapCovington, IN Apartments MapView MapCovington, IN Rental Homes Map

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 $650 at Brookhaven.

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 $725 at Brookhaven.

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 The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.