720 N Greenbrier Ave
CovingtonVA24426
Cheap Homes for Rent in Covington, VA from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Covington.
821 Salem Ave SW
RoanokeVA24016
922 12th St SE
RoanokeVA24013
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.
2803 Burton Ave NW
RoanokeVA24012
2516 Oakland Blvd NW
RoanokeVA24012
1612 Campbell Ave SE
RoanokeVA24013
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.
1415 15th St NE
RoanokeVA24012
Showing Results 1-7, Page 1 of 1
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 a home in Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Covington 2 Bedroom Homes for Rent | $1,274 | $499 | $1,900 |
| Covington 3 Bedroom Homes for Rent | $1,701 | $1,023 | $2,700 |
| Covington 4 Bedroom Homes for Rent | $2,606 | $1,800 | $3,195 |
| Covington 6 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Covington
Explore Covington
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 $690. Frontier Apartments in the Monterey neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. 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 |
| Frontier Apartments | 1 Bed Whitehall | 1BR,1BA | $825 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
Best Value Apartments for Rent in Covington, VA and Nearby
As of April 26, 2026 the best value apartment in the Covington area is the $1.49 price per square foot 3 BR Type 1 Model at The Overlook at Daleville in the in the Cloverdale neighborhood starting from $2,175. The second greatest value Covington apartment is the Renovated Two Bedroom Two Bathroom Model at Glade Creek (I) starting at $1,665 with a $1.41 price per square foot in the Monterey 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 | $1.49 |
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.41 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $1.05 |
| North Point | 2BR | 2BR,2BA | $1.40 |
| Countryside Estates | 2 Bedroom x 1 Bathroom Classic Floor Plan | 2BR,1BA | $1.15 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.93 |
| 733 West | 2 Bedroom Reno | 2BR,2BA | $1.53 |
| WESTWIND APARTMENT HOMES | 2 Bedroom Gold without washer dryer hook ups | 2BR,1.5BA | $1.51 |
| River Retreat | 1 Bedroom River View | 1BR,1BA | $1.43 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $1.54 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 Covington
What type of rentals are currently available in Covington?
There are currently 41 Apartments for Rent in Covington, VA with pricing that ranges from $690 to $3,675. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $499 to $3,400.
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 $499 to $3,400 with an average monthly rent of $1,800.
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 $1,047 to $3,635, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,023 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,790.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.