Novo
18025 SE 272nd St,
Covington, WA 98042
1-3 Beds | $2,000 - $2,450
Rental Market Trends in Covington, WA
What is the average rent in Covington, WA?
$2,019/month
Average Rent
774 Sq Ft
Average Apartment Size
+2.6%
Increase in the Last Year
As of December 2024, the average rent in Covington, WA is $2,019 per month. This is 29% higher than the national average rent price of $1,560/month, making Covington one of the most expensive cities in the US. When you rent an apartment in Covington, you can expect to pay about per month for a studio, $2,019 for a one-bedroom apartment, and around $2,274 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,600 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Covington, WA?
In the past year, rent has increased by 2.6%, which averages out to $53 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Covington, WA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Covington?
Based on current rent prices, Lake Morton-Berrydale is the most affordable neighborhood in Covington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Covington?
Based on current rent prices, Lake Morton-Berrydale is the most expensive neighborhood in Covington.
Neighborhood
Average Rent
Average Sq Ft
Which Covington neighborhoods have the most rentals available?
The neighborhood in Covington with the most apartments available is Lake Morton-Berrydale .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Covington, WA?
Because the average rent in Covington is $2,019, you’ll want to make about $6,730 per month or $80,760 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Covington, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Covington, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$2,138/month
$2,138/month
Two Bedroom
$2,353/month
$2,353/month
Three Bedroom
$2,673/month
$2,673/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.