Covington, Washington 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, Washington rental market.
Covington, Washington
Average Apartment Rent
$2,482
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of August 2026
Compared to a year ago, Covington, Washington apartments have recorded a Infinity% rent increase.
Covington, Washington Average Apartment Rent
Covington, Washington Apartment rent ranges
At 43.68%, apartments priced $2,000 - $2,500 represent the bulk of Covington, Washington rentals, while condos priced Over $3,000 hold the lowest share of the market – 10.7%.
Covington, Washington Housing tenure**
Renters take up 19% of Covington, Washington real estate, occupying a total of 1,374 units, while homeowners live in 5,932 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$81,970
Average household size of renter-occupied housing units**
2.75
Rental vacancy rate**
1.6%
Covington, Washington Renter-occupied housing units by no. of bedrooms**
There are 406 rentals in Covington, Washington with 3 beds making up the highest share of the market, at 30%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 40 units. Overall, the median number of rooms in Covington, Washington homes for rent is 4.8.
Covington, Washington Renter-occupied units by age of householder**
Most condos for rent in Covington, Washington are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 75 - 84 years age group (14%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Covington, Washington Renter-occupied housing units by family type**
Covington, Washington Renter-occupied housing units by the presence of own children**
A total of 874 apartments for rent in Covington, Washington, or 64% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 592 units. All in all, the median size of a renter-occupied household in Covington, Washington is 2.75.
Covington, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Covington, Washington.
Covington, Washington Renter-occupied units by year structure built**
The highest share of Covington, Washington apartment rentals, namely 28% or 379 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (19%, 263 units), and the ones Built 1960 - 1969 (18%, 249 units).
Covington, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Covington, Washington renters (42%) moved in 2010 to 2017, while only 9% of them moved in 2021 or later. Overall, the median year renters have occupied their Covington, Washington condos for rent is 2015.
Covington, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Covington, Washington renters have 2 vehicles available per household, 22% of them have 1 vehicle available, and 15% have 3 vehicles available.
Covington, Washington Means of transportation to work of householders living in renter-occupied housing units**
Covington, Washington 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, Washington 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
