Listed 1 Day Ago
Location
515 Oak Terrace Dr, Covington, GA 30016, USA
Tour 515 Oak Terrace Dr
Contact
FirstKey Homes
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Property management
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Property Overview
Situated near highly-rated schools, including an elementary school just 0.39 miles away, the location offers convenient educational access. With a notable excellence in value per square foot and an array of features captured in 15 photos, it provides a clear view of its offerings. Additionally, the environment is ideal for both pet owners and remote workers, thanks to pet-friendly policies and a quiet atmosphere with high-speed internet availability.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available- Pool
Great for
Pet owners
Work-from-home
Amenities for 515 Oak Terrace Dr
Features
| Carpet |
Appliances
| Garbage Disposal |
Community
| Laundry Hookups | Onsite Laundry |
Grounds
| Garage Parking | Swimming Pool |
Services
| On-Site Management |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
All Policy
Allowed
Limit3
Questions about this property’s policies and fees?
About 515 Oak Terrace Dr
Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more; that's the power of purple! This 4-bedroom, 2.5-bathroom rental home in Covington, GA, might be the perfect fit for your lifestyle. The 2 car garage keeps your vehicle protected from the weather. Carpet adds a soft, cozy feel underfoot. Granite countertops give you a durable surface for everyday cooking. See the pictures to learn more. And apply soon – homes can go fast! This home is available to pre-lease! Reserve it by paying a refundable Hold Fee. (Exceptions apply in Colorado.) Find out more about pre-leasing on the Pre-Leasing page of the FirstKey Homes website. This home is currently occupied and coming soon; please respect the current resident's privacy and do not disturb. Please note that the advertised price may exclude additional fees. These include a $55 application fee per applicant; a one-time $75 admin fee; an $11 monthly utility management fee; other mandatory fees, if applicable, for pool maintenance, pet fees/rent, smart home, internet service, and propane refilling; and optional fees for services like self-guided tours with third-party provider Rently ($1.99 to $11.99). HOAs may also charge mandatory application and amenity fees, where applicable, which must be paid directly to the HOA. For a comprehensive overview of all potential fees, please see the Rental Fees page on the FirstKey Homes website. FirstKey Homes, LLC is an Equal Housing Lessor under the FHA. Applicable local, state and federal laws may apply. Lease terms and conditions apply. This is not an offer to rent; you must submit additional information for review and approval. Listed features may not be accurate; confirm details with a leasing representative. Certain cities and municipalities (including St. Louis and Chicago) require a home inspection prior to a new resident taking possession of the home. Please note that your move-in date could be adjusted to accommodate inspection requirements. Ask your leasing agent for more details. BEWARE OF RENTAL SCAMS: FirstKey Homes exclusively manages our homes (no third-party management). We do not lease homes through, Facebook Marketplace, or other classified advertising services. All applications and lease signing can only be completed through our online platform. We will never ask for wire transfers, cash apps like Venmo, Zelle, Cash App, PayPal, or any other transferring method to collect funds. Some photos may feature virtual furniture staging, which is intended to help visualize the space and potential designs. The rental home does not come with any furniture shown in the images and these virtual images do not represent actual furnishings. Listing photos are provided to help you select a home; all photos shown are for representative and illustrative purposes only but may not be exact. Colors and photo size may vary based on different resolutions, hue, brightness, contrast, or other photo variations. Photos on websites may be modified, changed, or amended at any time. For new construction homes, actual homes may vary; photos may be of similar home/floorplan; home may be under construction and photos may not be of actual home; individual homes, amenities, features, and views may differ.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 515 Oak Terrace Dr compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this property
- Pool
- Enhanced community features
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Zip code | 30016 |
|---|---|
| Type | House for rent |
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Rent trends in Covington
4-bedroom apartments at 515 Oak Terrace Dr cost about 18% more than the average rent price for 4-bedroom apartments in Covington.
Median rents as of Nov 7 2026.
Covington
| Month | Median Rent |
|---|---|
| November 2024 | $2,030 |
| December 2024 | $2,048 |
| January 2025 | $2,035 |
| February 2025 | $2,031 |
| March 2025 | $2,041 |
| April 2025 | $2,091 |
| May 2025 | $2,100 |
| June 2025 | $2,069 |
| July 2025 | $2,063 |
| August 2025 | $2,014 |
| September 2025 | $1,976 |
| October 2025 | $1,989 |
| November 2025 | $1,979 |
| December 2025 | $1,967 |
| January 2026 | $1,987 |
| February 2026 | $2,019 |
| March 2026 | $2,025 |
| April 2026 | $1,998 |
| May 2026 | $2,033 |
| June 2026 | $2,067 |
| July 2026 | $2,107 |
| August 2026 | $2,105 |
| September 2026 | $2,082 |
| October 2026 | $2,049 |
| November 2026 | $2,050 |
Affordability calculator
Can I afford to live at 515 Oak Terrace Dr?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$96,840/yr
With your selected rent-to-income ratio, you'd ideally want to make $96,840 annually to afford this 4-bedrooms monthly rent price of $2,421.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 11 months ago | $2,280 |
Schools near 515 Oak Terrace Dr
Live Oak Elementary School
500 kirkland rd
covington, GA, 30016
PK, K-5Public
C
Newton County Theme School at Ficquett
2207 williams st ne
covington, GA, 30014
K-8Public
B+
Neighborhood
Getting around Covington near 515 Oak Terrace Dr
Walking
2/10
You’ll need another mode of transportation for getting around. Scooter, anyone?
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 515 Oak Terrace Dr, Covington
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
3/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
2/10
Limited amount of park space nearby
Nightlife
0/10
Few or no bars within walking distance
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