Covington, WA Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Covington is $2,343, a 0.67% decrease compared to the previous year, when the average rent was $2,359.
One-bedroom apartments provide 722 square feet for $2,132, balancing privacy and affordability.
Two-beedroom units at $2,464 offer 962 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,114 sq ft) for $2,443, suitable for larger households.
Average rent in Covington, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,343 | 893 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,132 | 722 sq. ft. |
| 2 Beds | $2,464 | 962 sq. ft. |
| 3 Beds | $2,443 | 1,114 sq. ft. |
Covington, WA rent trends
Rental prices in Covington, WA have decreased by 0.67% over the past year. The average rent moved from $2,359 to $2,343.
What's the typical rent budget in Covington, WA?
The largest share of rentals in Covington, WA (65%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Covington, WA?
1,530 or 21% of the households in Covington, WA are renter-occupied while 5,794 or 79% are owner-occupied.
How Covington Compares to Other Cities
| City | Average Rent |
|---|---|
| Covington | $2,343 |
| Seattle | $2,242 |
| Tacoma | $1,744 |
| Pullman | $1,424 |
| Vancouver | $1,737 |
| Spokane | $1,397 |
| Everett | $1,849 |
| Bellevue | $2,716 |
| Kent | $1,907 |
| Renton | $2,122 |
| Kirkland | $2,510 |
| Federal Way | $1,881 |
| Redmond | $2,533 |
| Puyallup | $2,022 |
| Lakewood | $1,654 |
| Auburn, WA | $1,850 |
| Issaquah, WA | $2,743 |
| Fife, WA | $1,832 |
| SeaTac, WA | $1,746 |
| Burien, WA | $1,913 |
| Des Moines, WA | $1,784 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Covington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.