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Cheap Apartments for Rent in Covington, VA from $500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.
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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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$710 - $760Studio to 1 Bedroom Apartments Available Now
Ridgeview Apartments
5300 Hawthorne RdRoanoke, VA 24012
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$895 - $1,0501 to 2 Bedroom Apartments Available Now
The Historic Blair Apartments
231 Chestnut StSalem, VA 24153
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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.
3648 Davis Stuart Rd
LewisburgWV24901
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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 | $885 | $710 | $1,412 |
| Covington 1 Bedroom Apartments | $1,439 | $145 | $3,110 |
| Covington 2 Bedroom Apartments | $1,592 | $907 | $3,665 |
| Covington 3 Bedroom Apartments | $2,027 | $1,047 | $3,430 |
| Covington 4 Bedroom Apartments | $1,875 | $1,775 | $1,925 |
Browse Top Apartments in Covington
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Covington, VA Local Guide
- Nearby Cities
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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 $710. Here is today’s list of the most affordable Covington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heintz House | 1 Bed, 1 bath | 1BR,1BA | $145 |
| Ridgeview Apartments | Studio | Studio,1BA | $710 |
| The Historic Blair Apartments | 1BR/1.0BA | 1BR,1BA | $895 |
Best Value Apartments for Rent in Covington, VA and Nearby
As of December 13, 2025 the best value apartment in the Covington area is the $0.94 price per square foot 2/1.5 50% AMI Model at Blue Ridge Village Apartments in the in the Gilmer neighborhood starting from $1,045. The second greatest value Covington apartment is the 2BR Model at North Point starting at $1,449 with a $1.31 price per square foot in the Peachtree Norwood 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. |
|---|---|---|---|
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $0.94 |
| North Point | 2BR | 2BR,2BA | $1.31 |
| Countryside Estates | 2 Bedroom x 1 Bathroom Classic Floor Plan | 2BR,1BA | $1.10 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.91 |
| Northridge Village | B1 | 2BR,1BA | $1.28 |
| 648 Farm Road | 2 Bedroom Lewisburg | 2BR,1BA | $1.22 |
| Glade Creek (I) | Renovated One Bedroom | 1BR,1BA | $1.39 |
| River Retreat | 1 Bedroom River View | 1BR,1BA | $1.31 |
| WestWind Apartment Homes | 1 bedroom | 1BR,1BA | $1.33 |
| Heintz House | 1 Bed, 1 bath | 1BR,1BA | $0.22 |
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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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.
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Best Local Schools in Covington, VA
Mountain View Elementary School
Alleghany County Public Schools
Public School - Grades PK-5 (446)
4 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
What is the Cheapest Studio apartment in Covington?
Currently the most affordable Cheap Studio Apartment in Covington is at Ridgeview Apartments listed at $710.
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 $907 at Peters Creek Apartments - Tax Credit.
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 $1,047.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.