Cheap Homes for Rent in Covington, IN from $400 (29 Rentals)

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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 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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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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Showing Results 1-29, 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. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
The Verander1Br1BR,1BA$732
The Grove1BR1BR,1BA$783
Townway Place1 Beds, 1 Baths1BR,1BA$795
Southridge CommonsS1Studio,1BA$895
Concord CrossingWEA CREEK TERRACE Apartment: April 17, 20261BR,1BA$900
Townhomes on Main3x2-50%3BR,2BA$927
Devonshire Village1 Bed 1 Bath1BR,1BA$949
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975

Best Value Apartments for Rent in Covington, IN and Nearby

As of January 26, 2026 the best value apartment in the Covington area is the $1.30 price per square foot 3 BD/2 BA - POND VIEW Model at West Heights Townhomes - West Lafayette in the in the Discovery Park neighborhood starting from $2,195. The second greatest value Covington apartment is the Grand Model at Avalon Bluffs starting at $2,200 with a $1.39 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.
West Heights Townhomes - West Lafayette3 BD/2 BA - POND VIEW3BR,2.5BA$1.30
Avalon BluffsGrand3BR,2BA$1.39
Townhomes on Main3x2-80%3BR,2BA$0.81
Shadeland Estates(Clayton) Shadeland Estates New Large Homes 3bd...3BR,2BA$0.97
Candlelight EstatesLeasing NOW - 2025 Brand new 3bd/2bth homes3BR,2BA$1.06
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
52 Flats2 BD/1 BA Duplex2BR,1BA$1.29
Cypress SquareB12BR,1BA$1.30
The Grove2BR2BR,1BA$1.30
Townway Place1 Beds, 1 Baths1BR,1BA$1.33

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Covington, IN

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

Explore Covington, IN Rentals by Map

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Frequently Asked Questions about Covington

What type of rentals are currently available in Covington?

There are currently 61 Apartments for Rent in Covington, IN with pricing that ranges from $486 to $3,308. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $400 to $2,800.

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 $2,800 with an average monthly rent of $913.

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 $486 to $2,346, while Three Bedroom Homes, Condos, and Townhomes for rent range from $595 to $2,800. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,439.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.