Cheap Apartments for Rent in Covington, IN from $400 (57 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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.

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Covington, IN Local Guide

Cheapest Available Covington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Covington, IN is a 3 Beds unit found at 52 Flats in the Discovery Park neighborhood priced from $498. Brookhaven has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
52 Flats3BD 1.5BA DUPLEX - PER BD3BR,1BA$498
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
Downtown Lafayette Living!Studio1BR,1BA$795
Townway Place1 Beds, 1 Baths1BR,1BA$850
Crestview ApartmentsCrestview II+Studio,1BA$870
Devonshire Village1 Bed 1 Bath1BR,1BA$900
202 E Crockett2 Bedroom2BR,1BA$945
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975

Best Value Apartments for Rent in Covington, IN and Nearby

As of September 10, 2025 the best value apartment in the Covington area is the $1.39 price per square foot Grand - Garage Included Model at Avalon Bluffs in the starting from $2,200. 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.
Avalon BluffsGrand - Garage Included3BR,2BA$1.39
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
52 Flats3073 2 BED/2 BATH2BR,2BA$1.29
Southridge CommonsB12BR,2BA$1.32
Cypress Square2BD/1BA2BR,1BA$1.30
Georgetown South2 Bedroom2BR,1BA$1.33
202 E Crockett2 Bedroom2BR,1BA$1.05
The Grove1 Bed 1 Bath1BR,1BA$0.97
Winfield Farms - Garages Available1 Bedroom1BR,1BA$1.49
Townway Place1 Beds, 1 Baths1BR,1BA$1.42

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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 $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 52 Flats and starts from $498.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.