Homes & Apartments for Rent in 47932

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What to Know About

Life in Covington & Beyond

Covington shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Covington, IN

As of June 2026, Covington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Covington's average rent is 36.5% ($470) lower than the Indiana average of $1,287 and 54.5% ($980) lower than the U.S. average of $1,797.

Average Rent
$817
Monthly ChangeMonth Over Month Change
Decreased2.2% ($18)
Yearly ChangeYear Over Year Change
Increased21.6% ($145)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $680 Decreased0.6% ($4) Increased4.1% ($27)
2 Beds $797 Decreased0.6% ($5) Increased1.9% ($15)
3 Beds $1,005 Decreased1.1% ($11) Decreased0.8% ($8)
Nearby Cities Average Rent Avg. Rent vs. CovingtonAverage Rent vs. Covington Avg. Days on MarketAverage Days on Market
Veedersburg $701 Decreased14.2% ($116) 32 days
Tilton $1,153 Increased41.1% ($336) 36 days
Williamsport $757 Decreased7.3% ($60) 35 days
Danville $884 Increased8.2% ($67) 37 days
Georgetown $617 Decreased24.5% ($200) 39 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Covington Rental Market FAQs

Explore rental prices, market trends, and availability in Covington, IN.

The average rent in Covington, IN is $817 per month.
Homes in Covington typically rent for between $600 and $1,307 per month, with an average of $817 per month.
In Covington, the average rent for a 1-bedroom home is $680 per month, for a 2-bedroom home, $797 per month, and a 3-bedroom home is $1,005 per month.
The average rent in Covington is 54.5% ($980) lower than the national average of $1,797 per month.
The average rent in Covington has decreased by 2.2% ($18) in the last month and increased by 21.6% ($145) over the past year.
The rental market in Covington, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Covington, IN, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Covington, IN.
Based on the current averages, a household would need an annual income of $31,880 to comfortably afford a 2-bedroom home in Covington.
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