Covington, Georgia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Covington, Georgia rental market.
Covington, Georgia
Average Apartment Rent
$1,749
Y-o-Y Change in Average
Apartment Rent
2.4%
As of May 2026
Compared to a year ago, Covington, Georgia apartments have recorded a 2.4% rent increase.
Covington, Georgia Average apartment rent trend
Covington, Georgia Average Apartment Rent
Covington, Georgia Apartment rent ranges
At 50.2%, apartments priced $1,500 - $2,000 represent the bulk of Covington, Georgia rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.08%.
Covington, Georgia Housing tenure**
Renters take up 54% of Covington, Georgia real estate, occupying a total of 2,985 units, while homeowners live in 2,496 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$34,235
Average household size of renter-occupied housing units**
2.36
Rental vacancy rate**
2.9%
Covington, Georgia Renter-occupied housing units by no. of bedrooms**
There are 1,438 rentals in Covington, Georgia with 2 beds making up the highest share of the market, at 48%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 27 units. Overall, the median number of rooms in Covington, Georgia homes for rent is 4.7.
Covington, Georgia Renter-occupied units by age of householder**
Most condos for rent in Covington, Georgia are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Covington, Georgia Renter-occupied housing units by family type**
Covington, Georgia Renter-occupied housing units by the presence of own children**
A total of 1,862 apartments for rent in Covington, Georgia, or 62% of all rentals are family households. Additionally, 46% of rental homes include children under the age of 18 – that’s 1,383 units. All in all, the median size of a renter-occupied household in Covington, Georgia is 2.36.
Covington, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Covington, Georgia.
Covington, Georgia Renter-occupied units by year structure built**
The highest share of Covington, Georgia apartment rentals, namely 26% or 777 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (21%, 615 units), and the ones Built 1980 - 1989 (20%, 607 units).
Covington, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Covington, Georgia renters (59%) moved in 2010 to 2017, while only 5% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Covington, Georgia condos for rent is 2015.
Covington, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Covington, Georgia renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 17% have No vehicle available.
Covington, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Covington, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Covington, Georgia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
