Cheap Apartments for Rent in Covington, VA from $500 (7 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.

close
View Me
Cedar Forest
2 to 3 Bedroom Apartments

Cedar Forest

306 Dairy StCovington, VA 24426
  • Utilities Included
close
View Me
Dolly Ann Apartments
2 to 3 Bedroom Apartments

Dolly Ann Apartments

826 Long AveCovington, VA 24426
  • Utilities Included

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.

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.

close
View Me
4306 Williamson Rd NW
2 Bedroom Apartments

4306 Williamson Rd NW

4306 Williamson Rd NWRoanoke, VA 24012
  • Utilities Included

Covington, VA Local Guide

Cheapest Available Covington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Covington, VA is a 1 Bed unit found at Heintz House priced from $145. The Cove Apartments in the Peachtree Norwood neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $913. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heintz House1 Bed, 1 bath1BR,1BA$145
The Cove Apartments2x12BR,1BA$913
The Historic Blair Apartments1BR/1.0BA1BR,1BA$985

Best Value Apartments for Rent in Covington, VA and Nearby

As of October 26, 2025 the best value apartment in the Covington area is the $1.10 price per square foot 2 Bedroom Model at The Aspen in the in the Westview Terrace neighborhood starting from $1,349. The second greatest value Covington apartment is the 2 Bedroom River View Model at River Retreat starting at $1,199 with a $1.06 price per square foot . 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 Aspen2 Bedroom2BR,2BA$1.10
River Retreat2 Bedroom River View2BR,2BA$1.06
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
North Point2BR2BR,2BA$1.18
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.08
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$1.11
Northridge VillageB12BR,1BA$1.26
648 Farm Road2 Bedroom Lewisburg2BR,1BA$1.22
The Cove Apartments2x12BR,1BA$1.14
Heintz House1 Bed, 1 bath1BR,1BA$0.22

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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, VA Rentals by Map

View Map
Covington, VA Apartments Map
View Map
Covington, VA Rental Homes Map

Getting Around Covington, VA

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Covington Apartments

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

The lowest price for a Cheap One Bedroom Covington Apartment is $145 at Heintz House.

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 $913 at The Cove Apartments.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Peters Creek Apartments - Tax Credit and starts from $1,267.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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.