Cheap Apartments for Rent in Covington, LA from $500 (54 Rentals)

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

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The Green at Northpark
Rent Specials
$1,288 - $3,144
Total Monthly Price

Total Monthly Price

Base Rent
$1,288 - $3,144
Total Monthly Price
$1,288 - $3,144
1 to 2 Bedroom Apartments Available Now

The Green at Northpark

2021 Sullivan LnCovington, LA 70433
Luxury
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Palmetto Greens
1 to 3 Bedroom Apartments

Palmetto Greens

900 Emerald Forest BlvdCovington, LA 70433
  • Utilities Included
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Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

518 S Jefferson AveCovington, LA 70433
  • Utilities Included
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Reagan Crossing
1 to 3 Bedroom Apartments

Reagan Crossing

1016 Ronald Reagan HwyCovington, LA 70433
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Artesia
1 to 2 Bedroom Apartments

Artesia

8382 Westshore DrCovington, LA 70433
Corporate Housing
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Brookstone Park
1 to 3 Bedroom Apartments

Brookstone Park

1842 Ochsner BlvdCovington, LA 70433
Corporate Housing

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Phoenix Square
3 to 4 Bedroom Apartments

Phoenix Square

45530 Durbin RdHammond, LA 70401
  • Utilities Included
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Heatherwood
1 Bedroom Apartments

Heatherwood

46588 Heatherwood DrHammond, LA 70401
  • Utilities Included

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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Covington, LA Local Guide

Cheapest Neighborhoods for Apartments in Covington, LA

Pricing Updated: 07/27/2026

Current apartment rentals in the Covington, LA area range in price from $950 to $3,943 with an overall median price of $1,815. The three Covington neighborhoods with the lowest median rent pricing are North Covington at $956, Ozone at $956, and Clairborne Hill at $956. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Covington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Covington$1,501$9565
Ozone$1,501$9565
Clairborne Hill$1,752$95646
Tyler$1,817$95046
New Covington$1,822$95057
Old Covington$1,892$95058
Barkley Park$2,114$95616
River Forest$2,123$95614

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, LA is a Studio unit found at Providence Club in the Livingston Parish neighborhood priced from $575. Parkside Gardens in the Livingston Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Providence ClubStudioStudio,1BA$575
Parkside GardensOaks1BR,1BA$800
Beaumonde Apartments1 Bedroom1BR,1BA$800
College Town ApartmentsTwo Bedroom One Bath2BR,1BA$830
St. TropezTwo Bed 1 Bath2BR,1BA$900
Azalea Park2 Bed Room2BR,2BA$900
13281 RJ DriveTwo Bedroom2BR,2BA$995
The LindenS1Studio,1BA$999
University Crossing2 Bed 2 Bath2BR,2BA$1,000
The FairlaneA11BR,1BA$1,015

Best Value Apartments for Rent in Covington, LA

As of July 27, 2026 the best value apartment in the Covington area is the $0.91 price per square foot 2 Bed 2 Bath Model at University Crossing in the in the Livingston Parish neighborhood starting from $1,000. The second greatest value Covington apartment is the 2 Bedroom 2 Bath Model at Lions Gate starting at $1,250 with a $1.14 price per square foot in the Livingston Parish neighborhood. 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.
University Crossing2 Bed 2 Bath2BR,2BA$0.91
Lions Gate2 Bedroom 2 Bath2BR,2BA$1.14
Stone Creek ApartmentsB12BR,2.5BA$1.23
13281 RJ DriveTwo Bedroom2BR,2BA$1.00
Beaumonde Apartments2 Bedroom2BR,2BA$0.95
Parkside Gardens2b/1b loft units2BR,1BA$1.18
St. TropezTwo Bed 2 Bath2BR,2BA$1.12
Azalea Park2 Bed Room2BR,2BA$1.07
Pelican Park ApartmentsTwo Bedroom Two Bath2BR,2BA$0.95
College Town ApartmentsTwo Bedroom One Bath2BR,1BA$1.03

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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Frequently Asked Questions about Cheap Covington Apartments

What is a cheap apartment in Covington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Covington is under $1,015.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is Providence Club which is listed at $625, while the average apartment in Covington costs $1,815.

What types of apartments are the cheapest in Covington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 24 regular apartments in Covington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Covington?

Cheap apartments in Covington have an average cost of $880 which is $935 cheaper than the average rent for all rentals in Covington.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.