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$1,049 - $1,249
Plus Fees
1 to 2 Bedroom Apartments Available Jun 25River Retreat
94 YMCA WayCovington, VA 24426
Cheap Apartments for Rent in Covington, VA from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.
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2 to 3 Bedroom Apartments
Cedar Forest
306 Dairy StCovington, VA 24426
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2 to 3 Bedroom Apartments
Dolly Ann Apartments
826 Long AveCovington, VA 24426
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$690 - $760
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$690 - $760
Total Monthly Price
$690 - $760
Ridgeview Apartments
5300 Hawthorne RdRoanoke, VA 24012
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$799 - $1,499
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$799 - $1,499
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$799 - $1,499
Frontier Apartments
4302-4410 Plantation Rd NERoanoke, VA 24012
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$964 - $1,160
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2 to 3 Bedroom Apartments Available Jul 30Total Monthly Price
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$909 - $1,105
Required Monthly Fees
$55
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$964 - $1,160
The Cove Apartments
3816 Panorama Ave NWRoanoke, VA 24017
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$990 - $1,384
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2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$990 - $1,384
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$990 - $1,384
Peters Creek Apartments - Tax Credit
7266 S Barrens RdRoanoke, VA 24019
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$995 - $1,175
Plus Fees
2 Bedroom Apartments Available NowThe Historic Blair Apartments
231 Chestnut StSalem, VA 24153
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$1,015 - $1,266
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2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$857 - $1,108
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$158
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$1,015 - $1,266
Blue Ridge Village Apartments
2744 Melrose Ave NWRoanoke, VA 24017
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$1,100 - $1,540
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,085 - $1,525
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$15
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$1,100 - $1,540
Sterlingwood Apartments
2215 Montauk RdRoanoke, VA 24017
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$1,200 - $3,475
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $3,475
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The Crest Apartments
128 Rutledge DrSalem, VA 24153
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1 Bedroom Apartments
Heintz House
83 Health Center DrUnion, WV 24983
8188 Lee Hwy
TroutvilleVA24175
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2 Bedroom Apartments
4306 Williamson Rd NW
4306 Williamson Rd NWRoanoke, VA 24012
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.
717 Orange Ave NW
RoanokeVA24016
3648 Davis Stuart Rd
LewisburgWV24901
2516 Oakland Blvd NW
RoanokeVA24012
16 Church Ave SW
RoanokeVA24011
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1 Bedroom Apartments
4419-4425 Lela Ave NE
4419-4425 Lela Ave NERoanoke, VA 24019
814 Tennessee St
SalemVA24153
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1 to 3 Bedroom Apartments
The Flats at Rutgers
4823 Rutgers St NWRoanoke, VA 24012
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
210 Cardinal Wy
LewisburgWV24901
409 Wills Rd
LexingtonVA24450
1516 King St
SalemVA24153
2803 Burton Ave NW
RoanokeVA24012
603 Strand Rd NE
RoanokeVA24012
219 Cardinal Wy
LewisburgWV24901
3816 Dakota Ave NW
RoanokeVA24017
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.
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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 | $861 | $690 | $1,374 |
| Covington 1 Bedroom Apartments | $1,547 | $760 | $2,615 |
| Covington 2 Bedroom Apartments | $1,737 | $899 | $3,590 |
| Covington 3 Bedroom Apartments | $2,125 | $1,125 | $4,410 |
| Covington 4 Bedroom Apartments | $1,890 | $1,790 | $1,940 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Covington
See all Apartments in CovingtonExplore Covington
Covington, VA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $690. Peters Creek Apartments - Tax Credit in the Monterey neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $990. 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 | $690 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $990 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $999 |
| Sterlingwood Apartments | 1 Bedroom/1Bathroom + Den Classic Floor Plan | 1BR,1BA | $1,100 |
| Bent Creek Apartments and Townhomes | 2b 1.5b 1150sq | 2BR,1BA | $1,215 |
| Northridge Village | B1 | 2BR,1BA | $1,217 |
| WESTWIND APARTMENT HOMES | 2-Bedroom Silver without washer and dryer hook-... | 2BR,1BA | $1,249 |
| Lexington Springs Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
| The Crest Apartments | Two Bedroom One Bathroom with Den | 2BR,1BA | $1,255 |
Best Value Apartments for Rent in Covington, VA and Nearby
As of June 16, 2026 the best value apartment in the Covington area is the $1.42 price per square foot 3 BR Type 1 Model at The Overlook at Daleville in the in the Cloverdale neighborhood starting from $2,075. The second greatest value Covington apartment is the 3 Bedroom x 1.5 Bathroom Classic Floor Plan Model at Countryside Estates starting at $1,430 with a $1.04 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. |
|---|---|---|---|
| The Overlook at Daleville | 3 BR Type 1 | 3BR,2BA | $1.42 |
| Countryside Estates | 3 Bedroom x 1.5 Bathroom Classic Floor Plan | 3BR,1.5BA | $1.04 |
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.32 |
| North Point | 2BR | 2BR,2BA | $1.40 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.99 |
| 733 West | 2 Bedroom Reno | 2BR,2BA | $1.53 |
| Northridge Village | B1 | 2BR,1BA | $1.28 |
| WESTWIND APARTMENT HOMES | 2 Bedroom Gold without washer dryer hook ups | 2BR,1.5BA | $1.51 |
| The Crest Apartments | Two Bedroom One Bathroom with Den | 2BR,1BA | $1.41 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $1.42 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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
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 $690.
How much is rent for a Cheap One Bedroom Covington Apartment?
The lowest price for a Cheap One Bedroom Covington Apartment is $760 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 $990 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 $1,125.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.