Average Rent in Covington, TN and Rent Price Trends

Rent trends in Covington, TN

Average rent prices in Covington have increased by 8% over the last month and have decreased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Covington, TN

Rent prices in Covington vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Covington is $1,049, whereas a house costs $1,100. 1-bedroom apartments in Covington run $1,950 on average, while 2-bedroom apartments are $750.


Studio	$800	3%	-
1 bedroom	$775	7%	No Change
2 bedroom	$900	1%	1%
3 bedroom	$1,197	7%	No Change
4 bedroom	$2,350	22%	-

		Listings
Arlington Heights	$1,725
Baskin Heights	$1,208
Bull Circle Area	$1,100
Country Club Estates	$1,795
Hyde Park	$1,835
Liberty	$1,835
Tatlock	$1,825
The Links	$1,350
Watkins N View	$1,375
Woodale	$1,200

				Listings
Apartments	$1,049	1%	No Change
Houses	$1,100	4%	No Change

Studio

Average rent

$800

Last 30 days

1 bedroom

Average rent

$775

Last 30 days

2 bedroom

Average rent

$900

Last 30 days

Last year

3 bedroom

Average rent

$1,197

Last 30 days

Last year

No Change

4 bedroom

Average rent

$2,350

Last 30 days

22%

The table above reflects average rent prices in Covington, TN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Covington, TN compare to other cities?

Compare median rent prices in Covington and Atoka by all bedroom counts and property types.

Covington

Median rent price$1,075

45%

lower than the national median

Median rent price$1,735

11%

lower than the national median

Takeaway

The median rent for all rentals in Covington, TN is 38% lower than the median rent in Atoka, TN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,735

$1,645

$1,580

$1,387

$1,195

$1,335

$1,050

$1,995

$1,495

$1,412

$900

$1,580

Discover rentals in Covington, TN

5d+ ago

House for rent in Covington

406 West Ripley Avenue - Covington TN - 1

406 W Ripley Ave #1, Covington, TN 38019

2 beds

1 bath

$850

House for rent

Available Jul 1

5d+ ago

House for rent in Covington

329 North College St. - Covington TN - A

329 N College St #A, Covington, TN 38019

2 beds

1 bath

$900

House for rent

Available Oct 1

5d+ ago

House for rent in Covington

500 West Ripley Avenue - Covington TN - 1

500 W Ripley Ave #1, Covington, TN 38019

3 beds

1 bath

$1,075

House for rent

Available Jun 19

5d+ ago

Bull Circle Area house for rent in Covington

721 Best St, Covington, TN 38019

3 beds

1.5 baths

$1,195

House for rent

Available May 28

5d+ ago

House for rent in Covington

434 Haynie St. - Covington TN - A

434 Haynie St #A, Covington, TN 38019

3 beds

1 bath

$1,200

House for rent

Available Jul 13

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Covington, TN

Quick answers to common questions about the Covington rental market.

How much is rent in Covington?

The average rent in Covington is $1,075 per month as of July 18, 2026.

Is rent up or down in Covington?

Average rent prices in Covington have increased by 8% over the last month and have decreased by 2% since last year.

How does Covington rent compare to the national average?

Rent in Covington is 45% below the national average, which means renters are paying approximately $870 less per month.

Which neighborhoods are most affordable in Covington?

The most affordable neighborhoods in Covington are Bull Circle Area ($1,100/mo), Woodale ($1,200/mo), and Baskin Heights ($1,208/mo).

What salary do I need to afford rent in Covington?

To comfortably afford rent in Covington, you'd need to earn approximately $43,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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