Cheap Homes for Rent in Covington, VA from $700 (17 Rentals)

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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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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 09, 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 2/1.5 50% AMI Model at Blue Ridge Village Apartments starting at $1,045 with a $0.94 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Peters Creek Apartments - Tax Credit3BR/2BA3BR,2BA$0.96
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
River Retreat1 Bedroom1BR,1BA$1.24
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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Frequently Asked Questions about Covington

What type of rentals are currently available in Covington?

There are currently 38 Apartments for Rent in Covington, VA with pricing that ranges from $145 to $3,055. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $265 to $3,000.

What is the current price range for Rental Homes in Covington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Covington ranges from $265 to $3,000 with an average monthly rent of $1,196.

How much are larger Three and Four Bedroom Rentals in Covington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Covington range from $1,267 to $2,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $299 to $2,050. Four Bedroom Single-Family rentals are also available starting from $299 and Four Bedroom Apartments start at $1,775.

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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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.

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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.

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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.

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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.