City Report · GA

Covington

Pop. 14,584·63rd most expensive in Georgia·Rental market data updated monthly for Covington, GA
Median rent (all units)
$1,835/mo
Year-over-Year
+0.7%
Month-over-Month
-1.0%
vs US Median
-$130
Falling (Monthly)
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Most AffordableMost Expensive
Covington · $1,835
More affordable than 51% of US cities · National median $1,965/mo
Rent Reality Score
80/100
Great value
OverheatedFairGreat value

Rents are 15% below what Covington's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,835/mo
Expected by trend
$2,163/mo
The Rent Reality Score compares today's median rent to where Covington's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,435
1 BR
$1,490
2 BR
$1,650
3 BR
$1,990
4 BR+
$2,395
Research median
$1,650/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
$22,020/yr
At $1,835/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.7% YoY, -1.0% MoM), not inventory.
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Demographics

Who lives here

Covington, GA is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 27.2% of residents hold a bachelor's degree or higher.

Population
14,584
Median income
$58,810
Median age
37.8
Renters
51.4%
Age distribution
25.1%
21.8%
26.3%
16.8%
Under 1825.1%
18–3421.8%
35–5426.3%
55–6410%
65+16.8%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
39.8%
50.9%
White39.8%
Black50.9%
Hispanic7.9%
Other1%
Education (25+)
27.5%
34.2%
27.2%
No HS diploma11%
HS diploma27.5%
Some college34.2%
Bachelor's+27.2%
Housing tenure
48.6%
51.4%
Owner48.6%
Renter51.4%

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

2021 vs 2026

How Covington, GA has changed in 5 years

Rent
$1,469 → $1,835
up 24.9%
Income
$43,881 → $58,810
up 34.0%
Population
14,065 → 14,584
up 3.7%
Renter share
56.7% → 51.4%
-5.3 pts
Bachelor's+
27.3% → 27.2%
-0.1 pts
Median age
35.4 → 37.8
+2.4 yrs

Across the past five years, the going rent in Covington, GA has shifted from $1,469 to $1,835, up 24.9% since 2021. On the earnings side, the typical household in Covington, GA now reports about $58,810, up from $43,881 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Covington, GA adding about 519 residents over the five-year window, up 3.7% on net. The renter share has eased from 56.7% to 51.4%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Covington, GA reflects that arc in its own way.

Community

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

Can you afford rent in Covington on your salary?

At $1,835/mo, how Covington rent compares to typical pay (30% rule).

By apartment size

Covington rent by bedroom count

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

Local insights

Tips for renters in Covington

About renting in Covington, GA

Last updated: July 20, 2026

The median rent in Covington is $1,835/mo as of July 2026. A studio apartment averages $1,435/mo while a 2-bedroom runs $1,650/mo. One-bedroom apartments average $1,490/mo and 3-bedroom units go for $1,990/mo.

At 37% of local median household income ($58,810/yr), Covington ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.

FAQ

Frequently asked questions

Is Covington an affordable city for renters?

Covington is considered moderate for renters. At $1,835/mo, rent takes approximately 37% of the local median household income ($58,810/yr). The standard benchmark is 30%. Covington slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Covington?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,835/mo in Covington. The local median household income is $58,810/yr, meaning the typical Covington household falls short of that threshold.

Is rent going up or down in Covington?

Rent in Covington has increased 0.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Covington neighborhoods have the lowest rent?

The most affordable ZIP codes in Covington are 30014 ($1,805/mo), and 30016 ($1,901/mo). Citywide, the median rent in Covington is $1,835/mo.

How does Covington rent compare to other cities in Georgia?

Covington is middle-of-the-pack for Georgia for rent, ranking #63 out of 135 tracked cities at $1,835/mo.

Which nearby cities are cheaper to rent in than Covington?

Several nearby cities have lower median rents than Covington ($1,835/mo): Lithonia ($1,699/mo), Monroe ($1,715/mo), Conyers ($1,749/mo).

What percentage of Covington residents rent vs. own?

According to Census data, approximately 51.4% of Covington households are renters, while 48.6% are owner-occupied. With a majority renter population, Covington has a strong rental market.

How does Covington rent compare to the national average?

Covington's median rent of $1,835/mo is $130 (7%) below the US national median of $1,965/mo. Within Georgia, it ranks #63 out of 135 tracked cities.
Income Affordability
37%
MODERATE

At $1,835/mo, rent takes ~37% of Covington's median household income ($58,810/yr). The standard benchmark is 30%.

Covington 37%Benchmark 30%
State income tax4.99%
Run the Covington affordability calculator →
Lowest-rent ZIP codes in Covington
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Covington, GA

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