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Studio Apartments for Rent in Covington, WA

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  • /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
  • /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

Why Live in Covington

Covington, Washington, located in King County, is a well-connected community with a strong emphasis on building a supportive and engaged environment. The area is accessible via Highway 18 and offers good medical and retail centers. Covington is known for its family-friendly events, such as the Covington Days Festival and the Ready, Set, Play! program, which encourage local business engagement and community participation. The city features a mix of housing styles, including ramblers, Craftsman-style homes, and newly constructed New Traditional designs. Covington Community Park is a popular spot for outdoor activities, offering workout equipment, playgrounds, and forested trails. The Covington Aquatic Center provides indoor recreation with water aerobics and swim clinics. For summer activities, residents can visit Lake Meridian Park for swimming, fishing, and boating, or enjoy a round of golf at the Meridian Valley Country Club. Covington's commercial hub near Southeast 272nd Street includes big box stores, chain restaurants, and local eateries like Legendary Doughnuts and Pupusas Locas. The upcoming Lakepointe Urban Village project will further enhance the area with new residential units, retail buildings, and restaurants. Students in Covington can attend the highly rated Kentwood High School, which offers college credit opportunities. Commuters can travel the 25 miles to Seattle via bus and light rail, though driving is often faster. The city is actively working on widening Highway 18 to reduce congestion during rush hour.

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 East Hill, O'Brien and Central Renton, each with its own character and price range.

Rental Home Trends in Covington, WA

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,500
Median Single Family Home Rent
$3,548
Median Condo Rent
$1,800
How to Rent a Home