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Cheap Apartments for Rent in Covington, VA from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.
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5124 Big Ridge Rd
CovingtonVA24426
418 Keswick St
Clifton ForgeVA24422
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.
414 Keswick St
Clifton ForgeVA24422
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$660 - $710Studio to 1 Bedroom Apartments Available Now
Ridgeview Apartments
5300 Hawthorne RdRoanoke, VA 24012
30 Culpepper Ave
BuchananVA24066
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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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Covington, VA Local Guide
Main Street in Covington, Virginia by Jarek Tuszyński is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Covington Studio Apartments | $1,048 | $660 | $1,437 |
| Covington 1 Bedroom Apartments | $1,418 | $710 | $2,395 |
| Covington 2 Bedroom Apartments | $1,716 | $954 | $2,695 |
| Covington 3 Bedroom Apartments | $2,105 | $1,057 | $3,490 |
| Covington 4 Bedroom Apartments | $1,775 | $1,725 | $1,800 |
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Covington, VA Local Guide
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Cheapest Available Covington Apartments for Rent and Nearby
The cheapest available apartment rental in Covington, VA is a Studio unit found at Ridgeview Apartments in the Monterey neighborhood priced from $660. The Cove Apartments in the Peachtree Norwood neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $916. Here is today’s list of the most affordable Covington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $660 |
| The Cove Apartments | 2x1 | 2BR,1BA | $916 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Covington, VA and Nearby
As of July 24, 2025 the best value apartment in the Covington area is the $0.96 price per square foot 3BR/2BA Model at Peters Creek Apartments - Tax Credit in the in the Monterey neighborhood starting from $1,267. The second greatest value Covington apartment is the 2 bedroom with den Model at WestWind Apartment Homes starting at $1,418 with a $1.18 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Peters Creek Apartments - Tax Credit | 3BR/2BA | 3BR,2BA | $0.96 |
| WestWind Apartment Homes | 2 bedroom with den | 2BR,1.5BA | $1.18 |
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.35 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $0.94 |
| Countryside Estates | 2 Bedroom x 1 Bathroom Classic Floor Plan | 2BR,1BA | $1.24 |
| 648 Farm Road | 2 Bedroom Lewisburg | 2BR,1BA | $1.10 |
| 733 West | 2 Bedroom Reno | 2BR,2BA | $1.48 |
| Northridge Village | B1 | 2BR,1BA | $1.28 |
| The Cove Apartments | 2x1 | 2BR,1BA | $1.15 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $1.54 |
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Best Local Schools in Covington, VA
Mountain View Elementary School
Alleghany County Public Schools
Public School - Grades PK-5 (446)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Covington, VA Rentals by Map
See the most popular apartments and homes in Covington, VA
Getting Around Covington, VA
Walk Score®
36 / 100
Car-Dependent
Most errands require a car
Bike Score®
27 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $710 at Ridgeview 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 $916 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.