Rents are 10% below what Covina's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,466 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: September 25, 2026
What the numbers show
December. Asking rents in Covina usually run 1% below trend in December and 1.2% above it in July, about $54 a month apart at today's median. Based on 5 years of data.
Rent in Covina is 1.6% below its high of $2,507 in April 2026, at $2,466 as of August 2026.
Rent in Covina changed +1.4% over the year to August 2026. Across the 336 California cities Zillow tracks, the typical change was +3.3%.
Rent has fallen 4 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($98,671) is $2,467 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,123); a 2-bedroom is $2,677.
The priciest of 3 ZIP codes in Covina, 91724 ($2,661/mo), costs 20% more than the cheapest, 91723 ($2,218/mo).
East Los Angeles, 17 miles away, rents for 14% less ($2,111/mo), about $4,300 a year in savings.
From Zillow's monthly rent index (ZORI) for Covina. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Covina, CA has changed in 5 years
Since 2021, the typical rent in Covina, CA has climbed from $1,863 to $2,466, a 32.4% 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.
Discussions about Covina
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Can you afford rent in Covina on your salary?
At $2,466/mo, how Covina rent compares to typical pay (30% rule).
Covina rent by bedroom count
Median rent for each apartment size in Covina. Click any size for full breakdown.
Tips for renters in Covina
Last updated: September 25, 2026
The median rent in Covina is $2,466/mo as of September 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 30% of local median household income ($98,671/yr), Covina ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Covina?
At $2,466/mo, rent takes ~30% of Covina's median household income ($98,671/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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