Cheap Apartments for Rent in Covington, VA from $500 (18 Rentals)

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Cedar Forest
2 to 3 Bedroom Apartments

Cedar Forest

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

Dolly Ann Apartments

826 Long AveCovington, VA 24426
  • Utilities Included

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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. Ridgeview Apartments in the Monterey neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $660. 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
Ridgeview ApartmentsStudioStudio,1BA$660
Blue Ridge Village Apartments1/1 40% AMI1BR,1BA$696
The Flats at Rutgers1x11BR,1BA$999
WestWind Apartment Homes1 bedroom1BR,1BA$999

Best Value Apartments for Rent in Covington, VA and Nearby

As of September 07, 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 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.
Peters Creek Apartments - Tax Credit3BR/2BA3BR,2BA$0.96
River Retreat2 Bedroom River View2BR,2BA$1.06
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
North Point2BR2BR,2BA$1.31
The Vista at Orchards2BR2BR,2BA$1.40
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
The Overlook at Daleville1 BR Type 21BR,1BA$1.37
648 Farm Road2 Bedroom Lewisburg2BR,1BA$1.22
WestWind Apartment Homes1 bedroom1BR,1BA$1.33
Heintz House1 Bed, 1 bath1BR,1BA$0.22

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

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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 $1,025 at The Historic Blair 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.

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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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.