Covington, Louisiana 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, Louisiana rental market.
Covington, Louisiana
Average Apartment Rent
$1,451
Y-o-Y Change in Average
Apartment Rent
-1.2%
As of May 2026
Compared to a year ago, Covington, Louisiana apartments have recorded a -1.2% rent decrease.
Covington, Louisiana Average apartment rent trend
Covington, Louisiana Average Apartment Rent
Covington, Louisiana Apartment rent ranges
At 61.66%, apartments priced $1,000 - $1,500 represent the bulk of Covington, Louisiana rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.56%.
Covington, Louisiana Housing tenure**
Renters take up 36% of Covington, Louisiana real estate, occupying a total of 1,517 units, while homeowners live in 2,724 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$55,009
Average household size of renter-occupied housing units**
2.43
Rental vacancy rate**
8.6%
Covington, Louisiana Renter-occupied housing units by no. of bedrooms**
There are 646 rentals in Covington, Louisiana with 2 beds making up the highest share of the market, at 43%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in Covington, Louisiana homes for rent is 4.5.
Covington, Louisiana Renter-occupied units by age of householder**
Most condos for rent in Covington, Louisiana are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Covington, Louisiana Renter-occupied housing units by family type**
Covington, Louisiana Renter-occupied housing units by the presence of own children**
A total of 970 apartments for rent in Covington, Louisiana, or 64% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 653 units. All in all, the median size of a renter-occupied household in Covington, Louisiana is 2.43.
Covington, Louisiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Covington, Louisiana.
Covington, Louisiana Renter-occupied units by year structure built**
The highest share of Covington, Louisiana apartment rentals, namely 29% or 435 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (18%, 277 units), and the ones Built 1970 - 1979 (15%, 230 units).
Covington, Louisiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Covington, Louisiana renters (44%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Covington, Louisiana condos for rent is 2018.
Covington, Louisiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Covington, Louisiana renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 8% have No vehicle available.
Covington, Louisiana Means of transportation to work of householders living in renter-occupied housing units**
Covington, Louisiana 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, Louisiana 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
