Cheap Apartments for Rent in Covington, TN from $700 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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. Luxe at Raleigh in the Raleigh neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. 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
Luxe at Raleigh2 Bedroom, 1 Bathroom2BR,1BA$875
Stonebridge Crossing ApartmentsAvalon w/Sunroom1BR,1BA$940
The Landings at Houston LeveeThe Cove - 1x11BR,1BA$942
Rock Creek ApartmentsOne Bedroom1BR,1BA$980
Colonial Estates1 Bedroom/1 Bathroom1BR,1BA$999
221-233 WashingtonOne bedroom1BR,1BA$1,000
Lincoln at WolfchaseDogwood2BR,2BA$1,024
Riverbrook Luxury Apartments2BR/2.0BA2BR,2BA$1,087
Enclave at WolfchaseThe Timber2BR,2BA$1,109

Best Value Apartments for Rent in Covington, TN and Nearby

As of October 15, 2025 the best value apartment in the Covington area is the $1.07 price per square foot The Delta - 2x2 Model at The Landings at Houston Levee in the in the Eads-Fisherville neighborhood starting from $1,240. The second greatest value Covington apartment is the B2 Model at Somerset at Lakeland starting at $1,310 with a $1.16 price per square foot in the Lakeland Arlington 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.
The Landings at Houston LeveeThe Delta - 2x22BR,2BA$1.07
Somerset at LakelandB22BR,2BA$1.16
The Easton Apartment Homes2 Bedroom 2 Bath2BR,2BA$1.38
Franklin SquareB1 - 2-bedroom2BR,2BA$1.25
The CharlestonBeaumont1BR,1BA$1.33
Riverbrook Luxury Apartments2BR/2.0BA2BR,2BA$1.19
Stonebridge Crossing ApartmentsBeaumont2BR,2BA$1.22
Colonial Estates1 Bedroom/1 Bathroom1BR,1BA$1.26
Luxe at Raleigh2 Bedroom, 1 Bathroom2BR,1BA$1.12
Regency at Raleigh1 bedroom, 1 bath1BR,1BA$1.04

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.

decorative image of people with a giant lease agreement

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

Explore Covington, TN Rentals by Map

View Map
Covington, TN Apartments Map
View Map
Covington, TN Rental Homes Map

Getting Around Covington, TN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $1,196.

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

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.