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City Report · CA

Covina

Pop. 49,888·290th most expensive in California·Rental market data updated monthly for Covina, CA
Median rent (all units)
$2,372/mo
Year-over-Year
-2.0%
Month-over-Month
-6.1%
vs US Median
+$407
Falling (Monthly)
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Most AffordableMost Expensive
Covina · $2,372
More expensive than 75% of US cities · National median $1,965/mo
Rent Reality Score
73/100
Good value
OverheatedFairGreat value

Rents are 12% below what Covina's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,372/mo
Expected by trend
$2,679/mo
The Rent Reality Score compares today's median rent to where Covina's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,893
1 BR
$2,123
2 BR
$2,677
3 BR
$3,397
4 BR+
$3,773
Research median
$2,677/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$28,464/yr
At $2,372/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.0% YoY, -6.1% MoM), not inventory.
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Demographics

Who lives here

Covina, CA is majority owner-occupied, has a median income above the national average, 27.3% of residents hold a bachelor's degree or higher.

Population
49,888
Median income
$98,671
Median age
38.2
Renters
41.2%
Age distribution
21%
25.1%
24.8%
14.2%
15%
Under 1821%
18–3425.1%
35–5424.8%
55–6414.2%
65+15%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
26.9%
59.4%
13.8%
White26.9%
Black4.6%
Hispanic59.4%
Asian13.8%
Education (25+)
26.6%
34.4%
27.3%
No HS diploma11.6%
HS diploma26.6%
Some college34.4%
Bachelor's+27.3%
Housing tenure
58.8%
41.2%
Owner58.8%
Renter41.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Covina, CA has changed in 5 years

Rent
$1,829 → $2,372
up 29.7%
Income
$81,570 → $98,671
up 21.0%
Population
51,061 → 49,888
down 2.3%
Renter share
42.4% → 41.2%
-1.2 pts
Bachelor's+
26.3% → 27.3%
+1.0 pts
Median age
37.6 → 38.2
+0.6 yrs

Since 2021, the typical rent in Covina, CA has climbed from $1,829 to $2,372, a 29.7% change over five years. Household income in the area moved from $81,570 to $98,671 across the same window, up 21.0% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.3% since 2021, moving from about 51,061 residents to roughly 49,888. Reading these numbers side by side helps frame whether current listings in Covina, CA look reasonable against where the market sat half a decade ago.

Community

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View Covina rent history (2015–2026) →
Salary vs rent

Can you afford rent in Covina on your salary?

At $2,372/mo, how Covina rent compares to typical pay (30% rule).

By apartment size

Covina rent by bedroom count

Median rent for each apartment size in Covina. Click any size for full breakdown.

Local insights

Tips for renters in Covina

About renting in Covina, CA

Last updated: July 20, 2026

The median rent in Covina is $2,372/mo as of July 2026. A studio apartment averages $1,893/mo while a 2-bedroom runs $2,677/mo. One-bedroom apartments average $2,123/mo and 3-bedroom units go for $3,397/mo.

At 29% of local median household income ($98,671/yr), Covina ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.0% over the past year.

FAQ

Frequently asked questions

Is Covina an affordable city for renters?

Covina is considered affordable for renters. At $2,372/mo, rent takes approximately 29% of the local median household income ($98,671/yr). The standard benchmark is 30%. Covina falls comfortably within that range.

How much income do you need to rent in Covina?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (~$46/hour full-time) to afford the median rent of $2,372/mo in Covina. The local median household income is $98,671/yr, meaning the typical Covina household meets that threshold.

Is rent going up or down in Covina?

Rent in Covina has decreased 2.0% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Covina neighborhoods have the lowest rent?

The most affordable ZIP codes in Covina are 91723 ($2,261/mo), 91722 ($2,429/mo), and 91724 ($2,534/mo). Citywide, the median rent in Covina is $2,372/mo.

How does Covina rent compare to other cities in California?

Covina is one of the more affordable cities in California for rent, ranking #290 out of 387 tracked cities at $2,372/mo.

What percentage of Covina residents rent vs. own?

According to Census data, approximately 41.2% of Covina households are renters, while 58.8% are owner-occupied. Covina leans toward homeownership, which can mean a smaller rental inventory.

How does Covina rent compare to the national average?

Covina's median rent of $2,372/mo is $407 (21%) above the US national median of $1,965/mo. Within California, it ranks #290 out of 387 tracked cities.
Income Affordability
29%
AFFORDABLE

At $2,372/mo, rent takes ~29% of Covina's median household income ($98,671/yr). The standard benchmark is 30%.

Covina 29%Benchmark 30%
State income tax1–13.3%
Run the Covina affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Covina, CA

Recent submissions

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