83

Newest Homes for Rent in Covington, WA

Section Image
  • /20

    Starting at $1,784 Per Month

    • 1 - 3 Beds

    17126 SE 269th Place, Covington, WA 98042

    If you're looking for an apartment in Covington, WA, check out Allegro Apartment Homes! We offer pet-friendly 1, 2, and 3-bedroom apartments. Our homes include an electric fireplace, a private balcony or patio, open-concept kitchens, energy-efficient appliances, a full-size, in-unit laundry, and extra storage closets. Our amenities include a reservable clubhouse, a fitness center, a racquetball

    Allegro

    (253) 499-8764

    17126 SE 269th Place, Covington, WA 98042
  • /20

    Starting at $1,499 Per Month

    • Studio - 3 Beds

    16830 SE Wax Rd SE, Covington, WA 98042

    The availability of certain amenities may be affected by ongoing preventative maintenance and necessary repair work.

    STATION BY VINTAGE

    (253) 528-9952

    16830 SE Wax Rd SE, Covington, WA 98042
  • /113

    Starting at $1,925 Per Month

    • 1 - 3 Beds

    18025 SE 272nd St, Covington, WA 98042

    The serenity of life at Novo provides the perfect escape from the hustle and bustle of modern life! With your tranquil lake view providing the perfect backdrop, your spacious new home offers everything you have been looking for, including new gourmet kitchens, complete with stainless appliances and wood style flooring. At the end of your workday you will be re-energized with a dip in the

    Novo

    (425) 584-1729

    18025 SE 272nd St, Covington, WA 98042
  • /35

    Starting at $2,314 Per Month

    • Studio - 2 Beds

    27431 172nd Ave SE, Covington, WA 98042

    Welcome to Affinity at Covington, where life for the 55+ crowd is anything but ordinary! Here, we redefine what it means to live actively and passionately. Our community buzzes with vibrant energy, offering a family-like atmosphere where you and your furry friends feel right at home. Enjoy and play in over 30,000 square feet of social and activity space, including weekly happy hour at our very

    Affinity at Covington 55+

    (360) 469-6551

    27431 172nd Ave SE, Covington, WA 98042
  • /24

    Starting at $1,411 Per Month

    • 1 - 2 Beds

    26902 169th Place SE, Kent, WA 98042

    At Covington Place, you will find beautiful one and two-bedroom apartment homes for households with at least one member age 55 or older. Our residents enjoy our fun resident activities, fitness center, breathtaking views of Mt. Rainier from our rooftop patio, and all utilities are included! Our community gives preference to persons with disabilities as part of our Affordable Housing program.

    Covington Place

    (253) 243-2943

    26902 169th Place SE, Kent, WA 98042
  • /27

    $4,995 Per Month

    • 5 Beds
    • 3.5 Baths
    • 3,948 Sq Ft
    • House for Rent

    25626 169th Place SE, Covington, WA 98042

    Here's your chance to lease a BRAND-NEW, NEVER-BEEN-LIVED-IN HOME! This Main Vue home is a stunning 4-bedroom, 3.5-bathroom luxury home that's nearly 4000 square feet of living space. Step into the Foyer and find a corner-set Home Office, then step into the Double-Story Great Room & Dining. The Multi-Purpose Room (potential 5th bedroom sans closet), located off the Kitchen, offers the perfect

    Ben Williams Red Dot Real Estate Group LLC

    25626 169th Place SE, Covington, WA 98042

Frequently Asked Questions

How much does it cost to rent a home in Covington, WA?
The median rent for a home in Covington, WA is $3,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Covington, WA?
To comfortably afford the median rent in Covington, WA, a household needs to earn roughly $140,000 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 $3,500 per month in Covington, WA, renters typically need to show $10,500 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, WA?
In Covington, WA, the price-to-rent ratio is 16.7, 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.
What neighborhoods in Covington, WA are best for renting a home?
The best neighborhood for renting in Covington, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Meridian, North Auburn, East Hill, Cascade and South Auburn, each with its own character and price range.

Rental Home Trends in Covington, WA

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$3,500
Median Single Family Home Rent
$3,548
Median Condo Rent
$1,800
How to Rent a Home