How many apartments are available in 38012 on Rentable.co?
Rentable.co has 11 apartments available for rent in 38012.
What is the average rent for an apartment in 38012?
The average rent for an apartment in 38012 is around $1,230 per month.
What is the average rent for a two-bedroom apartment in 38012?
The average rent for a two-bedroom apartment in 38012 is around $1,150 per month.
Find an Apartment in 38012
Looking for apartments for rent in the 38012 zip code of Covington, TN? Rentable has a variety of options for you to choose from. Currently, there are 14 units available in this area. The average rent in 38012 is $1,230, with the most affordable floor plan type starting at $725.
Covington, TN offers a range of amenities and attractions for residents to enjoy. Nearby parks provide opportunities for outdoor activities and leisure. Additionally, there are various points of interest in the area, including local shops, restaurants, and entertainment options.
If you're considering moving to the 38012 area, Rentable has apartments near 38012 Covington, TN that can cater to your needs. Take a look at our listings and find the perfect rental that fits your lifestyle and budget. Start your search for a new home today with Rentable.
Covington: May Rent Report
Welcome to the May 2024 Covington Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
May 2024 key findings and figures for the Covington rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Covington and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Covington average rent prices in the chart below.
Monthly Rent Report
$2,350
$1,760
$1,180
$590
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR2 BR
Covington Rent Prices Increase From April to May
Covington rent prices increased over the last month. From April to May, the city experienced a 27.2% increase for the price of a one-bedroom apartment. The rent price for a Covington one-bedroom apartments currently stands at $636.0.
When we take a look at the two-bedroom comparison from April to May, Covington experienced a 10.8% increase for the price of a two-bedroom apartment. The rent price for a Covington two-bedroom apartments currently stands at $985.0.
May Prices: Covington vs. Surrounding Areas
Rent Prices in Covington and Surrounding Areas
Rent prices have increased in Covington over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Covington suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Covington suburbs
Rents did not decrease in any of the Covington suburbs.
May 2024 Pricing Trends: Covington vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent
Covington Rent Prices More Affordable Than Major Cities
Rent growth in Covington over the past year has been
on the rise. When compared to major cities nearby, along
with some of the most expensive cities in the country, Covington average rent prices appear to be
relatively affordable for local residents.
The price for a Covington one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Covington and surrounding area rent prices, take a look at the complete data set below.
Data set for Covington and suburbs
1 BR May
1 BR M/M % Change
2 BR May
2 BR M/M % Change
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.