Covey was born on June 15, 1998. She recently graduated from The Dalton School alongside her classmates, and is currently a freshman at Northwestern University. In 2009, Covey and other celebrities such as Abigail Breslin and Laila Ali attended a benefit for Project Sunshine, a New York City-based charity that holds an annual week of Service to help families in hospitals.

In 2005, Covey appeared in the film Duane Hopwood as the daughter of David Schwimmer's character, leading Variety magazine to select Covey and her costar Ramya Pratt for particular praise.

In 2007, she appeared in the Disney movie Enchanted as Morgan Philip, the young daughter of Patrick Dempsey's character. For Covey's performance in the film, she received a nomination for "Young Actress Age Ten or Younger" at the 29th Young Artist Awards, but lost to Bailee Madison from Bridge to Terabithia.

In 2014, Covey joined the cast of the Radio City Spectacular, Heart and Lights, though the production was delayed and subsequently rewritten.

In 2016, Covey filmed an episode of ABC's What Would You Do?, cast as a teenager bullied by her peers.

PAINTING FAYE SALVEZ, a full length musical written and scored by Covey, joined the New York Musical Festival (NYMF)'s 2017 Festival. Covey was interviewed about her experience with the piece as well as greater issues of the American theatre by The Interval. Covey was also listed in Playbill's "11 Women Creatives You Need to Know at NYMF This Year."