Cheap Apartments for Rent in Covington, KY from $300 (154 Rentals)

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Search the lowest-cost Apartments available for rent right now in Covington.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 811 Madison Ave

$1,125 - $1,495

1 To 2 Bedroom Rentals

Available Now

811 Madison Ave

CovingtonKY41011
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Highland Manor
1 Bedroom Apartments

Highland Manor

918-922 Highland AveCovington, KY 41011

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

522-524 Garrard StCovington, KY 41011
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Bluffs at Devou Park
1 to 2 Bedroom Apartments

Bluffs at Devou Park

100 Winding WayCovington, KY 41011
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River's Edge
1 to 3 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
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Apartments on 10th
1 to 2 Bedroom Apartments

Apartments on 10th

10-12 W 10th StCovington, KY 41011
property at 2215 Ohio Ave

$795 - $1,095

Studio To 1 Bedroom Rentals

Available Now

2215 Ohio Ave

CincinnatiOH45219

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 2822 Price Ave

$800 - $850

1 Bedroom Rentals

Available Now

2822 Price Ave

CincinnatiOH45204

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Covington, KY Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Covington, KY

Pricing Updated: 02/03/2026

Current apartment rentals in the Covington, KY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Covington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Covington$1,972$1,1448
Kenton County$2,200$75594

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a 1 Bed unit found at 2162 Stratford Ave in the Queensgate neighborhood priced from $700. Clifton View in the Queensgate neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2162 Stratford AveOne Bedroom1BR,1BA$700
Clifton View1 Bedroom 1 Bathroom1BR,1BA$725
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$730
Residences at Courtyard Crossings IIOne Bedroom1BR,1BA$730
Ohio 2215-2217-22191 Room 1 Bath StudioStudio,1BA$795
2215 Ohio Ave1 Room 1 Bath StudioStudio,1BA$795
Bellevue House ApartmentsStudioStudio,1BA$825
Three Springs Apartments1x11BR,1BA$860
Crown Pointe Apartments1 Bedroom 1 Bath1BR,1BA$870
Alvin Street Apartments1 BD, 1BTH1BR,1BA$900

Best Value Apartments for Rent in Covington, KY

As of February 03, 2026 the best value apartment in the Covington area is the $0.88 price per square foot 422 Clark St Model at 422 Clark St, Unit 3 in the in the Queensgate neighborhood starting from $2,295. The second greatest value Covington apartment is the 474 Dayton St Model at 474 Dayton St, Unit 2 starting at $2,200 with a $1.00 price per square foot in the Queensgate neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
422 Clark St, Unit 3422 Clark St3BR,2.5BA$0.88
474 Dayton St, Unit 2474 Dayton St2BR,2BA$1.00
Harrison Terminal Lofts2 Bed 2 Bath2BR,2BA$0.94
107 Valencia St, Unit 107 Valencia Apt 1107 Valencia StStudio ,1BA$0.91
The Arthur Historic Apartments!1BR1BR,1BA$1.09
Ohio 2215-2217-22191 Bedroom 1 Bathroom1BR,1BA$1.08
2215 Ohio Ave1 Bedroom 1 Bathroom1BR,1BA$1.08
Three Springs Apartments1x11BR,1BA$1.09
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$1.06
Residences at Courtyard Crossings IIOne Bedroom1BR,1BA$1.11

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Cincinnati

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Cincinnati metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Covington Overview

Located in the proud confines of Kenton County, Covington is a blue collar city in Kentucky that acts as home to around 40,000 residents. Boasting views of both the Ohio and Licking Rivers, this fifth most-populated city in the state is a welcoming locale brimming with charm and possibility.

Why live in Covington, KY?

With scenic natural beauty to spare and plenty of amenities usually only seen in larger cities, Covington apartments for rent make an excellent option for anyone in the market for a new home in the great state of Kentucky. From impressive local schools to popular area eateries, this on-the-move working class hot spot is a great destination in which to raise a family or enjoy retirement.

Best Local Schools in
Covington, KY

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Covington, KY Rentals by Map

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See the most popular apartments and homes in Covington, KY

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Frequently Asked Questions about Cheap Covington Apartments

What is the Cheapest Studio apartment in Covington?

Currently the most affordable Cheap Studio Apartment in Covington is at Ohio 2215-2217-2219 listed at $795.

How much is rent for a Cheap One Bedroom Covington Apartment?

The lowest price for a Cheap One Bedroom Covington Apartment is $700 at 2162 Stratford Ave.

What is the lowest price for a Cheap Two Bedroom Covington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Covington is starting from $730 at The Arts Apartments at Music Hall.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Three Springs Apartments and starts from $1,200.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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The 10 Best Affordable Neighborhoods in Cincinnati, OH

Written by: Joey Hoelscher

Cincinnati is a unique Midwest city thanks to its riverfront downtown core, unique terrain, and a surprising amount of 1800s urban architecture not commonly seen west of the East Coast.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.