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

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

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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.

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Showing Results 1-44, Page 1 of 1

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 Sunrise Luxury Apartments priced from $735. Regency at Raleigh in the Raleigh neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunrise Luxury Apartments11G501BR,1BA$735
Regency at Raleigh1 bedroom, 1 bath1BR,1BA$740
Country ViewA21BR,1BA$750
Luxe at Raleigh2 Bedroom, 1 Bathroom2BR,1BA$875
Brownsville FlatsB-2-50% PBV2BR,1BA$938
Lincoln at WolfchaseIris1BR,1BA$940
Stonebridge Crossing ApartmentsAvalon w/Sunroom1BR,1BA$987
Riverbrook Luxury Apartments2BR/2.0BA2BR,2BA$987
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 June 06, 2026 the best value apartment in the Covington area is the $1.12 price per square foot Thunderhead Model at Quail Ridge Apartment Homes in the in the Brownsville neighborhood starting from $1,699. The second greatest value Covington apartment is the 2x2 Classic Model at Colonial Estates starting at $1,300 with a $0.97 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.
Quail Ridge Apartment HomesThunderhead3BR,2BA$1.12
Colonial Estates2x2 Classic2BR,2BA$0.97
The Landings at Houston LeveeThe Bayfront - 3x23BR,2BA$1.08
Riverbrook Luxury Apartments3BR/2.0BA3BR,2BA$1.14
Chapel Ridge of RipleyTwo Bedroom Two Bathroom2BR,1BA$1.11
Brownsville FlatsB-2-50% PBV2BR,1BA$1.04
Sunrise Luxury Apartments11G501BR,1BA$0.87
Luxe at Raleigh2 Bedroom, 1 Bathroom2BR,1BA$1.12
Regency at Raleigh1 bedroom, 1 bath1BR,1BA$1.04
Country ViewA11BR,1BA$1.17

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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Best Local Schools in
Covington, TN

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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 $1,105.

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

The lowest price for a Cheap One Bedroom Covington Apartment is $735 at Sunrise Luxury Apartments.

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 $820 at Country View.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Country View and starts from $905.

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.