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Covington, IN Home for Rent

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    $899 Per Month

    • 1 Bed
    • 1 Bath
    • 480 Sq Ft
    • House for Rent

    830 Harrison St, Covington, IN 47932

    Located in the charming and quiet town of Covington. This home features a one bedroom \ new kitchen with shaker cabinetry and stainless steel appliances, hardwood flooring throughout, modern light fixtures, a bathroom with a stand-up tile shower, a large backyard with a floating patio, a large front porch, and so much more! Tenants are responsible for all utilities and lawncare. Give us a call

    830 Harrison St, Covington, IN 47932

Why Live in Covington

Covington, IN, is a small city situated along the eastern banks of the Wabash River, less than 15 miles from Danville. Known for its quiet streets and community-oriented atmosphere, Covington features a mix of bungalows, Victorian revivals, and farmhouses, with homes built from the 1950s to the early 2000s. The city is a golf cart-friendly community, with permits allowing residents to drive golf carts on all roads. Covington Middle School is highly rated, contributing to the appeal for families. The Covington Public Library offers community programs, including weekly story times and a monthly teen art club. For outdoor enthusiasts, Covington City Park provides picnic tables, a playground, a community pool, and sports facilities, while the Covington Circle Trail offers over 5 miles of walking paths. The Rivercrest Golf Club features an 18-hole course and hosts local tournaments. Historic Downtown Covington is home to various local businesses, including Juli’s Java, Windy Ridge Winery & Distillery, and Sundae Shoppe. The annual Covington Apple Fest and an alumni weekend are notable events that bring the community together. Interstate 74 provides convenient travel options, with Danville about 13 miles west and Indianapolis roughly 80 miles southeast. The Purdue University Airport in Lafayette is approximately 40 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Covington, IN?
The median rent for a home in Covington, IN is $899 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Covington, IN?
To comfortably afford the median rent in Covington, IN, a household needs to earn roughly $35,960 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $899 per month in Covington, IN, renters typically need to show $2,697 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Covington, IN?
In Covington, IN, the price-to-rent ratio is 21.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$899
Median Single Family Home Rent
$899
How to Rent a Home