Cheap Apartments for Rent in Covington, TN from $700 (44 Rentals)

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Cottonwood Estates
1 to 3 Bedroom Apartments

Cottonwood Estates

1981 Cottonwood PlCovington, TN 38019

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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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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Camden Grove Apartments
Rent Specials
$1,204 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $1,450
Total Monthly Price
$1,204 - $1,450
1 to 2 Bedroom Apartments Available Now

Camden Grove Apartments

1571 N Houston Levee RdCordova, TN 38016
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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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Country View
1 to 3 Bedroom Apartments

Country View

3990 Stephanie LnMemphis, TN 38128

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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The Charleston
1 to 3 Bedroom Apartments

The Charleston

9981 US Highway 64Arlington, TN 38002
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Covington, TN Local Guide

Cheapest Available Covington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Covington, TN is a 1 Bed unit found at Regency at Raleigh in the Raleigh neighborhood priced from $740. Cottonwood Estates in the Covington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $759. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regency at Raleigh1 bedroom, 1 bath1BR,1BA$740
Cottonwood Estates1 Bedroom 1 Bathroom1BR,1BA$759
Luxe at Raleigh1 Bedroom, 1 Bathroom1BR,1BA$775
Brownsville FlatsB-2-50% PBV2BR,1BA$938
The Landings at Houston LeveeThe Cove - 1x11BR,1BA$949
Stonebridge Crossing ApartmentsAvalon w/Sunroom1BR,1BA$980
Somerset at LakelandA11BR,1BA$992
Enclave at WolfchaseThe Gray1BR,1BA$1,008
Chapel Ridge of RipleyTwo Bedroom Two Bathroom2BR,1BA$1,016
Rock Creek ApartmentsOne Bedroom1BR,1BA$1,059

Best Value Apartments for Rent in Covington, TN and Nearby

As of July 22, 2026 the best value apartment in the Covington area is the $0.69 price per square foot 3 Bed 2.5 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,250. The second greatest value Covington apartment is the 2 Bedroom/2 Bathroom Renovated Model at Colonial Estates starting at $1,325 with a $0.99 price per square foot in the Cordova-Appling 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.
Sunridge Townhomes3 Bed 2.5 Bath3BR,2.5BA$0.69
Colonial Estates2 Bedroom/2 Bathroom Renovated2BR,2BA$0.99
The Landings at Houston LeveeThe Delta - 2x22BR,2BA$1.17
Franklin Square2-bedroom2BR,2BA$1.23
Sunrise Luxury Apartments22G502BR,2BA$1.13
Chapel Ridge of RipleyTwo Bedroom Two Bathroom2BR,1BA$1.11
Riverbrook Luxury Apartments2BR/2.0BA2BR,2BA$1.19
Brownsville FlatsB-1 50% PBV2BR,1BA$1.04
Cottonwood Estates1 Bedroom 1 Bathroom1BR,1BA$1.01
Regency at Raleigh1 bedroom, 1 bath1BR,1BA$1.04

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 the Cheapest Studio apartment in Covington?

Currently the most affordable Cheap Studio Apartment in Covington is at Springs at Colonial listed at $1,193.

How much is rent for a Cheap One Bedroom Covington Apartment?

The lowest price for a Cheap One Bedroom Covington Apartment is $740 at Regency at Raleigh.

What is the lowest price for a Cheap Two Bedroom Covington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Covington is starting from $840 at Regency at Raleigh.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Luxe at Raleigh and starts from $975.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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

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.