Cheap Homes for Rent in Covington, IN from $400 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

property at 900 Sloan St

900 Sloan St

CrawfordsvilleIN47933
Showing Results 1-23, 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. 52 Flats in the Discovery Park neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $531. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
52 Flats3BD 1.5BA DUPLEX - PER BD3BR,1BA$531
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
Downtown Lafayette Living!Studio1BR,1BA$795

Best Value Apartments for Rent in Covington, IN and Nearby

As of August 02, 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 Discovery Park 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 CrossingSUGAR CREEK II Apartment: SOLD OUT!2BR,2BA$1.18
Crosswalk Commons4 Bedroom 2 Bath4BR,2BA$0.71
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
Townway Place1 Beds, 1 Baths1BR,1BA$1.38

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

Frequently Asked Questions about Covington

What type of rentals are currently available in Covington?

There are currently 54 Apartments for Rent in Covington, IN with pricing that ranges from $525 to $3,108. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $400 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 $400 to $2,950 with an average monthly rent of $1,140.

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 $531 to $3,108, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,195 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 The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.