2

Covington, WA Houses for Rent

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  • /22

    $3,600 Per Month

    • 5 Beds
    • 2,560 Sq Ft
    • House for Rent

    20049 SE 267th Place, Covington, WA 98042

    Situated on a large fully fenced yard and backing to green belt you're encased in privacy. Inside, vaulted ceilings greet you & light and bright open spaces invite you to enjoy all the entertainers spaces this home offers. Cozy nooks, large bonus room & a MIL suite with private entrance are just a few of the many highlights of this carefully constructed home. Updated kitchen & baths, hardwood

    Suhaib Ali WeLakeside

    20049 SE 267th Place, Covington, WA 98042
  • /24

    $3,600 Per Month

    • 5 Beds
    • 3 Baths
    • 2,454 Sq Ft
    • House for Rent

    20431 SE 261st Place, Covington, WA 98042

    Beautiful Maple Hills home situated on a large lot in a quiet cul-de-sac! This spacious and well-maintained home offers plenty of room to live, work, and entertain, with soaring vaulted ceilings, expansive windows, abundant natural light, and beautiful hardwood floors throughout the main level. The thoughtfully designed floor plan features both formal and open-concept living spaces, including a

    Kimberly Vuong VIP International R/E Group

    20431 SE 261st Place, Covington, WA 98042

Frequently Asked Questions

How much does it cost to rent a single-family home in Covington, WA?
The median rent for a single-family home in Covington, WA is $3,187 per month, though prices vary by neighborhood, size, and property type. As of September 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 $118,960 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 $2,974 per month in Covington, WA, renters typically need to show $8,922 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 19.6, 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 Houses for Rent
2
Median Single Family Home Rent
$3,187
Median 3 Bedroom Single Family Home Rent
$2,893
Median 4 Bedroom Single Family Home Rent
$3,650
Median 5 Bedroom Single Family Home Rent
$3,600
How to Rent a Home