As of January 2025 the median rental rate in Covington is $908 which is equal to the median of $912 for Fountain County, $243 (21%) less than the median of $1,151 for Indiana and $689 (43%) less than the median of $1,597 for the United States.
| Median | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|
| Covington | $908 | $595 | $905 | $1,223 |
| Fountain County | $912 | $596 | $952 | $1,187 |
| Indiana | $1,151 | $887 | $1,115 | $1,452 |
| United States | $1,597 | $1,236 | $1,565 | $1,989 |
