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Rental Market Trends in Covington, TN

Updated July 2026

The average rent in Covington, TN is $406/month.

Rent in Covington is 76% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$406/month

Average Rent

642 Sq Ft

Average Size

+0.8%

Change / Year

8

Available Apartments

Covington rent varies by unit size and layout:

  • Studio apartments in Covington average per month.
  • One-bedroom apartments in Covington average $406 per month.
  • Two-bedroom apartments in Covington average $485 per month.
  • Three-bedroom apartments in Covington average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$406/month
642 Sq Ft
Two Bedroom
$485/month
742 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$1,414/month
1,165 Sq Ft
View Covington Apartments

How much has average rent changed in Covington, TN?

In the past year, rent has increased by 0.8%, which averages out to $4 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Covington, TN

July 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Covington, TN
Percentage*
Rent Range
100% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Covington is $406, you’ll want to make about $1,353 per month or $16,236 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, TN

8 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Covington, TN 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.

View the Covington Area Guide

Apartment Averages

Apartment Communities in Covington We Think You'll Love

219 Sanford Ave

219 Sanford Ave

219 Sanford Ave,
Covington, TN 38019

3 Beds | $1,800

211 Simonton St

211 Simonton St

211 Simonton St,
Covington, TN 38019

3 Beds | $1,375

434 Haynie St

434 Haynie St

434 Haynie St,
Covington, TN 38019

3 Beds | $1,200

329 N Tipton St

329 N Tipton St

329 N Tipton St,
Covington, TN 38019

2 Beds | $1,150

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Frequently Asked Questions

What is the average rent in Covington?

The average rent in Covington is $406 per month, which is 75.6% lower than the national average of $1,662.

What is the average rent for a house in Covington?

The average rent for a house in Covington, TN is $1,414 per month.

Are rents going up or down in Covington?

Rents in Covington, TN are increasing, with prices up 0.8% year-over-year and $4 more per month.

What rent range is most common in Covington?

In Covington, TN, 100% of apartments fall below $700/month, though prices may vary depending on location and other factors.

United States Tennessee 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 June 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity