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Rental Market Trends in Covington, GA

What is the average rent in Covington, GA?

$1,495/month

Average Rent

794 Sq Ft

Average Apartment Size

+3.8%

Increase in the Last Year

As of April 2026, the average rent in Covington, GA is $1,495 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Covington rent prices are 9% lower than the national average. When you rent an apartment in Covington, you can expect to pay about $1,423 per month for a studio, $1,495 for a one-bedroom apartment, and around $1,603 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,079 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,423/month
620 Sq Ft
One Bedroom
$1,495/month
794 Sq Ft
Two Bedroom
$1,603/month
1,096 Sq Ft
Three Bedroom
$2,079/month
1,537 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,275/month
598 Sq Ft
Three Bedroom
$1,885/month
1,548 Sq Ft
Four Bedroom
$2,220/month
2,154 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,668/month
1,569 Sq Ft

How much has average rent changed in Covington, GA?

In the past year, rent has increased by 3.8%, which averages out to $57 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Covington, GA
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Covington, GA
Percentage*
Rent Range
0% Below $700/month
9% $700 - $1,000/month
30% $1,001 - $1,500/month
43% $1,501 - $2,000/month
17% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Covington?

Based on current rent prices, Lakewood Estates is the most affordable neighborhood in Covington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lakewood Estates
$1,397/month
754 Sq Ft

What are the most expensive neighborhoods in Covington?

Based on current rent prices, Lakewood Estates is the most expensive neighborhood in Covington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lakewood Estates
$1,397/month
754 Sq Ft

Which Covington neighborhoods have the most rentals available?

The neighborhood in Covington with the most apartments available is Lakewood Estates .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lakewood Estates
$1,397/month
754 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Covington, GA?

Because the average rent in Covington is $1,495, you’ll want to make about $4,983 per month or $59,796 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Covington, GA

771 Available Apartments for Rent

Search for Nearby Apartments

How does Covington, GA compare to other nearby cities and neighborhoods?

Use the tool below to compare Covington, GA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Covington, GA

Apartment Averages

Lakewood Estates

Covington, GA

Lakewood Estates

Covington, GA

Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Search
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Nearby City Rent Trends

  • Conyers Average Rent
  • Lithonia Average Rent

Apartment communities in Covington we think you'll love

The Sinclair at Callaway Farm

The Sinclair at Callaway Farm

10500 Town Center Blvd,
Covington, GA 30014

$1,750 - $2,920 Total Monthly Price

1-3 Beds

RENDER Turner Lake by Crescent Communities

RENDER Turner Lake by Crescent Communities

7900 Kaplan Rd,
Covington, GA 30014

$1,575 - $2,634 Total Monthly Price

1-3 Beds

Pointe Grand Covington

Pointe Grand Covington

8000 Revolution Way,
Covington, GA 30014

$1,898 - $2,418 Total Monthly Price

2 Beds

RENDER Covington By Crescent Communities

RENDER Covington By Crescent Communities

9300 Delk Dr,
Covington, GA 30014

$1,483 - $2,494 Total Monthly Price

1-3 Beds

Property Management Companies in Covington, GA

Greystar
Greystar
  • 3,486

    Communities

  • 959,072

    Units

  • 891

    Cities

2 Communities in Covington
ZRS Management
ZRS Management
  • 361

    Communities

  • 108,142

    Units

  • 139

    Cities

1 Community in Covington
RangeWater
RangeWater
  • 230

    Communities

  • 55,930

    Units

  • 123

    Cities

1 Community in Covington
Dominium
Dominium
  • 124

    Communities

  • 26,875

    Units

  • 95

    Cities

1 Community in Covington
Elmington Capital
Elmington Capital
  • 143

    Communities

  • 23,365

    Units

  • 77

    Cities

1 Community in Covington
Gallery Residential
Gallery Residential
  • 83

    Communities

  • 21,480

    Units

  • 60

    Cities

1 Community in Covington
Advanced Precision Group LLC
Advanced Precision Group LLC
  • 82

    Communities

  • 11,827

    Units

  • 60

    Cities

1 Community in Covington
The Gateway Companies
The Gateway Companies
  • 71

    Communities

  • 8,110

    Units

  • 58

    Cities

1 Community in Covington

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United States Georgia Covington Rental Trends

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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity