Cheap Apartments for Rent in the Old Covington Neighborhood of Covington, LA from $400 (3 Rentals)

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

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.

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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Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

518 S Jefferson AveCovington, LA 70433
  • Utilities Included

Old Covington, Covington, LA Local Guide

Best Value Apartments for Rent in Old Covington, LA

As of June 06, 2026 the best value apartment in the Old Covington area is the $1.30 price per square foot 2BR2B- 60%Pine Crest Apartments Model at Pine Crest Apartments in the in the Clairborne Hill neighborhood starting from $1,241. The second greatest value Old Covington apartment is the B1 Model at Palmetto Greens starting at $1,504 with a $1.58 price per square foot in the Clairborne Hill neighborhood. Here is today’s list of the best values for Old Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pine Crest Apartments2BR2B- 60%Pine Crest Apartments2BR,2BA$1.30
Palmetto GreensB12BR,2BA$1.58
Retreat at River Chase ApartmentsGrand Overlook One1BR,1BA$1.61
Elan at Terra BellaD1BR,1BA$1.90
Artesia1AF1BR,1BA$1.43
The CollinsBedico UG1BR,1BA$1.89
Ibis TrailPelican1BR,1BA$1.43
The Green at NorthparkA31BR,1BA$2.03
The FairlaneS1Studio ,1BA$2.18
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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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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Pet Friendly Lifestyle
Old Covington, Covington, LA

Ranked #1

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 Old Covington Apartments

What is a cheap apartment in Old Covington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Covington is under $1,677.

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

The cheapest apartment in Old Covington is Palmetto Greens which is listed at $1,002, while the average apartment in Old Covington costs $1,753.

What types of apartments are the cheapest in Old 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 Old 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 Old Covington?

Cheap apartments in Old Covington have an average cost of $847 which is $906 cheaper than the average rent for all rentals in Old 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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.