Covington

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Covington, TN Area Guide

Avg Rent

$405

Population

8,881

Renter Mix

52% Rent

Historic town in the heart of Tipton County

Affordable Historic Close-Knit Quaint Scenic

Located about 37 miles northeast of Memphis, Covington is a charming town rich with historic character. Established in the early 1800s, Covington honors its historic legacy with an array of well-preserved buildings, museums, and landmarks. Covington’s South Main Street District blends past and present, boasting numerous eateries, shops, and offices in old-fashioned buildings along tree-lined thoroughfares.

Covington offers a wide variety of affordable apartments available for rent. Residents love Covington’s small-town feel, along with its close proximity to recreational opportunities. Covington’s own Cobb-Parr Memorial Park is a popular spot for outdoor fun as well as the nearby Fort Pillow State Historic Park, Lower Hatchie National Wildlife Refuge, the Hatchie River, and the Mississippi River. Getting around from Covington is simple with convenience to U.S. 51.

Demographics

Median Household Income

$37,347

Average: $53,013

Education

1,100

Residents Have a Degree

Job Market

3,620

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

38 Years

Largest Age Group

10-19 Years

Approximately 15% of Residents

Under 20

28%

Over 65

19%

Housing Distribution

Covington has more renters than homeowners.

Renters
52%
Non-Renters
48%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
9%
Other Education
91%

Rent Trends

As of May 2026, the average apartment rent in Covington, TN is $405 for one bedroom, and $484 for two bedrooms. Apartment rent in Covington has increased by 0.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$405/month
642 Sq Ft
See Rental Market Trends in Covington, TN

Getting Around

Fairly Walkable

Walkability

40 / 100

Exceptionally Drivable

Drivability

100 / 100

Somewhat Bikeable

Bikeability

30 / 100

Schools

Charger Academy

Public

Grades PK-5

418 Students

Austin Peay Elementary School

Public

Grades PK-5

586 Students

Crestview Elementary

Public

Grades PK-5

772 Students

Crestview Middle School

Public

Grades 6-8

564 Students

Covington High School

Public

Grades 9-12

706 Students

Points of Interest

Top Apartments in Covington

Houses for Rent in Covington

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.