Elan at Terra Bella
520 Myrtle Dr,
Covington, LA 70433
$1,314 - $2,140
1-3 Beds
Rental Market Trends in Covington, LA
What is the average rent in Covington, LA?
$1,303/month
Average Rent
789 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of December 2025, the average rent in Covington, LA is $1,303 per month. This is 20% lower than the national average rent of $1,631/month, making renting in Covington more affordable than most cities in the US. When you rent an apartment in Covington, you can expect to pay about $1,019 per month for a studio, $1,303 for a one-bedroom apartment, and around $1,498 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,627 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Covington, LA?
In the past year, rent has increased by 1.6%, which averages out to $22 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 December 2025
Legend
2024
2025
Rent Ranges in Covington, LA
Last Updated December 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
47%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Covington?
Based on current rent prices, Flower Estates, Terra Bella and River Oaks Estates are the most affordable neighborhoods in Covington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Covington?
Based on current rent prices, River Oaks Estates, Terra Bella and Flower Estates are the most expensive neighborhoods in Covington.
Neighborhood
Average Rent
Average Sq Ft
Which Covington neighborhoods have the most rentals available?
The neighborhoods in Covington with the most apartments available are River Oaks Estates, Terra Bella and Flower Estates .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Covington, LA?
Because the average rent in Covington is $1,303, you’ll want to make about $4,343 per month or $52,116 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.
How does Covington, LA compare to other nearby cities and neighborhoods?
Use the tool below to compare Covington, LA 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.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Covington we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 November 2025.
* Percentages may not total 100 due to rounding.