
Cheap Homes for Rent in Covington, IN from $400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Covington.


414 Front St

2000 Indianapolis Rd

28 N Alexander St

1021 Grove St
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.

1818 Michigan St

120 W 3rd St

306 Meadow Ave

847 E Seminary St

909 N Griffin St

9 Oregon Ave
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.

2836 Plaza Ln
Covington, IN Local Guide

How much does it cost to rent a home in Covington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Covington 2 Bedroom Homes for Rent | $915 | $675 | $1,445 |
Covington 3 Bedroom Homes for Rent | $1,438 | $825 | $3,500 |
Browse Top Homes for Rent in Covington
Explore Covington
Covington, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookhaven | Studio | Studio,1BA | $525 |
Downtown Lafayette Living! | Studio | Studio,1BA | $595 |
Brunswick Apartments | Studio | Studio,1BA | $625 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $726 |
Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $795 |
Best Value Apartments for Rent in Covington, IN and Nearby
As of June 16, 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 4x3 D Model at Hub on Campus West Lafayette starting at $1,145 with a $0.93 price per square foot in the Downtown West Lafaytte neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Avalon Bluffs | Grand - Garage Included | 3BR,2BA | $1.39 |
Hub on Campus West Lafayette | 4x3 D | 4BR,3BA | $0.93 |
2351 State Road 25 W | (Adventure) Shadeland Estates New Large Homes 3... | 3BR,2BA | $0.95 |
Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
Southridge Commons | B1 | 2BR,2BA | $1.32 |
Georgetown South | 2 Bedroom | 2BR,1BA | $1.16 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
Elston Point | 2x1 R | 2BR,1BA | $1.43 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $1.33 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Covington
What type of rentals are currently available in Covington?
There are currently 52 Apartments for Rent in Covington, IN with pricing that ranges from $450 to $3,115. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $425 to $3,500.
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 $425 to $3,500 with an average monthly rent of $904.
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.

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.

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.

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.

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.