Cheap Apartments for Rent in the New Covington Neighborhood of Covington, LA from $500 (2 Rentals)

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

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Palmetto Greens
1 to 3 Bedroom Apartments

Palmetto Greens

900 Emerald Forest BlvdCovington, LA 70433
  • Utilities Included

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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Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

518 S Jefferson AveCovington, LA 70433
  • Utilities Included

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.

New Covington, Covington, LA Local Guide

Best Value Apartments for Rent in New Covington, LA

As of July 21, 2026 the best value apartment in the New Covington area is the $1.29 price per square foot Tchefuncte Model at Abita View Apartment Homes in the in the Clairborne Hill neighborhood starting from $1,752. The second greatest value New Covington apartment is the Grand Overlook Two Model at Retreat at River Chase Apartments starting at $1,666 with a $1.38 price per square foot in the Clairborne Hill neighborhood. Here is today’s list of the best values for New Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Abita View Apartment HomesTchefuncte3BR,2BA$1.29
Retreat at River Chase ApartmentsGrand Overlook Two2BR,2BA$1.38
Pine Crest Apartments2 Bedroom2BR,2BA$1.30
Artesia1A1BR,1BA$1.51
Reagan CrossingOne-Bedroom1BR,1BA$1.45
Ibis TrailPelican1BR,1BA$1.67
The CollinsBedico L1BR,1BA$1.78
The Green at NorthparkA31BR,1BA$1.93
Brookstone Park1X1A1BR,1BA$2.19
The LindenS1Studio ,1BA$2.35

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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Pet Friendly Lifestyle
New Covington, Covington, LA

Ranked #2

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap New Covington Apartments

What is a cheap apartment in New Covington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Covington is under $1,468.

What is the price of a cheap apartment in New Covington?

The cheapest apartment in New Covington is Reagan Crossing which is listed at $1,145, while the average apartment in New Covington costs $1,822.

What types of apartments are the cheapest in New 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 3 regular apartments in New 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 New Covington?

Cheap apartments in New Covington have an average cost of $916 which is $906 cheaper than the average rent for all rentals in New 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.