You can place the view anywhere in the tree. Let's assume you want it under Audio.
1. View > Add View > Add Library View...
2. Select Audio under Location.
3. Select the last sample type Empty View.
3. Name the view Rename View.
4. Set the view type as Panes (under View As in the Customize View dialog).
5. Add an Artist and Album category, but you'll add each using an Expression, rather than the stock fields:
Artist (from folder) expression: FileFolder(,1)
Album (from folder) expression: FileFolder(,0)
( Note: ignore my Ref ID category. )
This allows you group the files based on where the live in the file system, rather than by Artist and Album fields, since your cover art will not likely contain the proper metadata (yet). My view relies on the fact that my albums are always located in Artist\Album folder hierarchies. And the expression grab the correct path components from MC's Filename (path) field. You can adjust the expression to match your storage structure - ask if you need help.
6. Deselect Use parent scheme rules for file display
7. Click Set rules for file display... and set the values as shown in the screenshot. Adjust the Filename (path) rule to match the location of your audio file + cover art.
8. OK your way out.
9. Set the Group By of the view to group by path, under Group By > More (sort groups a-z) > Filename (path).
10. Modify your auto-import rules to include image files (and possible data files) from your music/audio directory.
After MC has imported your artwork, the artwork for each album will be sorted (along with data files) will be sorted to the bottom, below the tracks. Now, you can select the files and Rename them in one shot. Use this view as your Rename, Move & Copy view.
The Folder rule in the Rename, Move & Copy dialog will also require using the FileFolder() expressions, unless you also tag the cover art with the fields used in the Rename tool (probably Album, Album Artist (auto), etc). So you can go either way - tag first, and use your Audio rename preset, or ignore tagging cover art and use FileFolder() as the basis for you Folder rule expression.
Set the Base path as necessary, and the Folder rule would be:
FileFolder(,1)\FileFolder(,0)
You can disable the Filename rule as the filenames are not changing when you're only moving folders.
Since you'll be using this view, you might consider saving your Rename configuration as a Preset in the Rename dialog (at the bottom of the dialog). This way, you can call up the settings whenever you use the view to rename.