Rent to own Homes in Covington, TN

Covington, TN is a great place for affordable rent-to-own homes! With a median household income of over $34,208 and a median rent of $746, the Covington, TN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Covington, TN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Covington, TN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
6861 CORAL HILL DR
Rent To Own
Easthill
Single Family Home
Bartlett, TN 38135
3
2
1541 ft2
1978
Hot
8074 S REGIS PL
Rent To Own
Alliance of Cordova Neighborhoods
Single Family Home
Cordova, TN 38018
4
2
1944 ft2
1981
3646 HAUGHTON LN #1
Rent To Own
Lantern Square Apartments
Townhouse/Condo
Memphis, TN 38128
3
3
1626 ft2
1974
Hot
4048 WARD AVE
Rent To Own
Jackson
Single Family Home
Memphis, TN 38108
2
1
715 ft2
1951
5657 NORMANDY PL
Rent To Own
Sylvan Hills
Single Family Home
Memphis, TN 38120
3
3
2600 ft2
1961
222 GROVE DALE ST
Rent To Own
East Memphis
Single Family Home
Memphis, TN 38120
3
5
3309 ft2
1965
5330 LAURIE LN
Rent To Own
White Station -Yates Neighborhood Association
Single Family Home
Memphis, TN 38120
4
1
2026 ft2
1955
4036 S WALNUT GROVE CIR
Rent To Own
Pidgeon Estates
Single Family Home
Memphis, TN 38117
3
2
2237 ft2
1950
6040 SYON CV
Rent To Own
Balmoral Residents Association
Single Family Home
Memphis, TN 38119
4
3
2626 ft2
1971
4562 QUINCE RD
Rent To Own
Colonial Acres Neighborhood Association
Single Family Home
Memphis, TN 38117
3
1
1006 ft2
1952
681 E DAVANT AVE
Rent To Own
Longview Heights Civic Club
Single Family Home
Memphis, TN 38106
2
1
953 ft2
1937
New
1 of 31 272 BRAMMER RD
Rent to Own Eligible
 
Single Family Home
Mason, TN 38049
4
2
1828 ft2
1985
1 of 26 301 BEVERLY DR
Rent to Own Eligible
Williamsburg Estates
Single Family Home
Atoka, TN 38004
4
2
2394 ft2
2004
9611 DEADFALL RD
Rent to Own Eligible
 
Single Family Home
Brighton, TN 38011
4
4
2282 ft2
1984
1 of 25 9019 TRACY RD
Rent to Own Eligible
Rosemark Civic Club
Single Family Home
Atoka, TN 38004
4
4
2879 ft2
1980
20 COLONIAL CV
Rent to Own Eligible
Cole Heights
Single Family Home
Munford, TN 38058
3
2
1394 ft2
2021
9137 COLLIERVILLE ARLINGTON RD
Rent to Own Eligible
 
Single Family Home
Arlington, TN 38002
3
1
2234 ft2
1929
19 EATON CV
Rent to Own Eligible
Templeton Farms
Single Family Home
Atoka, TN 38004
4
2
2546 ft2
2007
1 of 41 426 ASH RENE DR
Rent to Own Eligible
Rhodes Estates
Single Family Home
Millington, TN 38053
3
2
1819 ft2
1994
1 of 21 8457 E KERRVILLE ROSEMARK RD
Rent to Own Eligible
Rosemark Civic Club
Single Family Home
Millington, TN 38053
3
2
2352 ft2
1910
8310 AUSTIN PEAY HWY
Rent to Own Eligible
Rosemark Civic Club
Single Family Home
Millington, TN 38053
4
3
2142 ft2
2000
New
1 of 40 178 W HANNAH MARIE DR
Rent to Own Eligible
Countryhaven
Single Family Home
Munford, TN 38058
4
3
2089 ft2
2001
1 of 22 151 N WYATT SHANKLE CV
Rent to Own Eligible
Reeds Estates
Single Family Home
Munford, TN 38058
3
2
1518 ft2
2016
New
1 of 21 3850 DRUMMONDS RD
Rent to Own Eligible
 
Single Family Home
Drummonds, TN 38023
3
2
1566 ft2
1994
1 of 13 6366 KERRVILLE ROSEMARK RD
Rent to Own Eligible
 
Single Family Home
Millington, TN 38053
3
2
1413 ft2
1996
9581 TROTTER DR
Rent to Own Eligible
 
Single Family Home
Lakeland, TN 38002
3
2
1850 ft2
1967
New
11239 IVY DR
Rent to Own Eligible
Arlington Station
Single Family Home
Arlington, TN 38002
4
3
2493 ft2
2000
1 of 50 7425 BRADEN RD
Rent to Own Eligible
 
Single Family Home
Arlington, TN 38002
3
3
2570 ft2
1995
5292 SHETLAND TRL
Rent to Own Eligible
 
Single Family Home
Arlington, TN 38002
4
3
2884 ft2
2004
1 of 45 7085 US HIGHWAY 70 W
Rent to Own Eligible
 
Single Family Home
Brownsville, TN 38012
3
3
2023 ft2
1998
New
5088 OLIVER GROVE LN
Rent to Own Eligible
Brunswick
Single Family Home
Bartlett, TN 38002
3
2
2583 ft2
2012
Hot
4623 DORIS CL
Rent to Own Eligible
 
Single Family Home
Millington, TN 38053
3
2
1702 ft2
1956
1 of 47 8210 BLUE LAGOON DR
Rent to Own Eligible
Wolfchase Farms
Single Family Home
Bartlett, TN 38002
3
2
1717 ft2
2002
1 of 41 8139 SHORT GRASS CV
Rent to Own Eligible
Wolfchase Farms
Single Family Home
Bartlett, TN 38002
3
3
2154 ft2
2003
New
4836 WHITEOAKS LN
Rent to Own Eligible
Hunter's Walk
Single Family Home
Bartlett, TN 38002
4
3
2855 ft2
2016
1 of 43 4551 MODEL CV
Rent to Own Eligible
Brunswick
Single Family Home
Bartlett, TN 38002
4
3
3162 ft2
2000
New
4770 HUNTERS GLADE LN
Rent to Own Eligible
Hunter's Walk
Single Family Home
Bartlett, TN 38002
4
3
2510 ft2
2016
4623 Doris Cir S
Rent to Own Eligible
 
Single Family Home
Millington, TN 38053
3
2
1702 ft2
1956
7781 OLD BROWNSVILLE RD
Rent to Own Eligible
Old Brownsville Acres
Single Family Home
Bartlett, TN 38002
2
1
920 ft2
1954
7713 SHADOW VIEW CV
Rent to Own Eligible
Shadowlawn Place
Single Family Home
Bartlett, TN 38002
4
2
1961 ft2
1999
Hot
4325 WATER BRIAR RD
Rent to Own Eligible
 
Single Family Home
Millington, TN 38053
3
2
1278 ft2
1986
New
4512 TALL MEADOW CV
Rent to Own Eligible
Hickory Creek
Single Family Home
Bartlett, TN 38135
3
2
2486 ft2
2002
New
145 Oaks Edge
Rent to Own Eligible
 
Single Family Home
Oakland, TN 38060
4
3
2200 ft2
2000
6729 RABBITS DEN CV
Rent to Own Eligible
Rockyford
Single Family Home
Bartlett, TN 38002
3
3
2481 ft2
1996
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Buying a Home in Covington, TN

Covington, TN is seeing rapid growth and Covington, TN's' housing market remains optimal with an average home price that is -48% below the 2024 national average. Covington, TN is part of Tipton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Tipton is 0.64% which is below the national average, which is 0.99%.

Median Home Price in Covington, TN

Median Rent in Covington, TN

Rent to own homes offer low monthly payments and flexible terms.