Low Income Apartments and Affordable Housing For Rent in Covington, GA

Discover affordable housing in Covington where there are 12+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Covington Square

2101 Washington St SW, Covington, Georgia 30014

Harristown Park

2135 Reynolds St SW, Covington, Georgia 30014

Village at Walkers Bend

5978 Everett St SW, Covington, Georgia 30014

Wellington Ridge Apartments

9145 Wellington Dr, Covington, Georgia 30014

Magnolia Heights Apartments

10156 Magnolia Heights Cir, Covington, Georgia 30014

Orchard Cove

30 Grosslake Pkwy, Covington, Georgia 30016

Meadors Strong St Rehab

Strong St, Covington, Georgia 30209

Arbor Lake - Magnolia Arbor

431 Kirkland Rd, Covington, Georgia 30016

Meadowbrook Apartments

460 Highway 142, Covington, Georgia 30014

7111 Fowler Ct NE

7111 Fowler Ct NE, Covington, Georgia 30014

Heritage Park Apartments

10920 By Pass Rd, Covington, Georgia 30014

5106 Alcovy Rd NE

5106 Alcovy Rd NE, Covington, Georgia 30014

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Covington, Georgia
$34.92/hour
$27.67 (+382%) more than Georgia minimum wage and $27.67 (+382%) more than the Federal minimum wage.
Learn More About Covington, Georgia Affordable Housing ↓

What HUD offices serve Covington, Georgia?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Covington, Georgia.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Covington, Georgia.

Go to the Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Covington.

How many renters live in Covington, Georgia?

The City of Covington has 14,190 people living in 5,481 households.

There are 7,055 renters living in 2,985 renter households in this City. Renters make up 49.72 percent of the population living in Covington.

What is the rental market like in Covington, Georgia?

There are an estimated 5,833 housing units in the Covington area. Of these, 3,124 units are rental homes, making up 54 percent of the housing market. For every renter household in Covington, Georgia, there are 1 rental units.

What is the vacancy rate for rentals in Covington?

The rental vacancy rate in Covington is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Covington for each bedroom size?

Occupied Rental Units by Size in Covington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
27 351 1,438 856 197
Occupied Rental Units by Size in Covington

A large number of apartments in Covington have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Covington are overburdened by housing costs?

Among renter households in this market, 57 percent have housing cost burden. Further, 36 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Covington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,599 to $2,707. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,599
One BR $1,643
Two BR $1,844
Three BR $2,230
Four BR $2,707
2024 Fair Market Rents in Covington, Georgia

How many units are rented at Fair Market Rent (FMR) in Covington?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 27 100 percent
One BR 310 88 percent
Two BR 1,164 81 percent
Rental Units Below FMR in Covington, Georgia

How many affordable rental units are in Covington?

There are a variety of federal affordable housing programs serving households in Covington, Georgia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 452
Section 8 Project-Based Rental Assistance 391
Tracked Units by Federal Program in Covington, Georgia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Covington, Georgia

Covington features 394 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Covington, Georgia

There are 1,072 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Covington.

Housing Choice Vouchers in Covington, Georgia

On average, Section 8 Housing Choice vouchers pay Covington landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Covington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Covington, Georgia for a two-bedroom apartment is between $1,660 and $2,028.

Sourced from federal housing data and AffordableHousingOnline.com research.