Cheap Apartments for Rent in Covington, KY from $300 (164 Rentals)

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

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Highland Manor
1 Bedroom Apartments

Highland Manor

918-922 Highland AveCovington, KY 41011

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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 2 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
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811 Greenup St
2 Bedroom Apartments

811 Greenup St

811 Greenup StCovington, KY 41011

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Covington, KY Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Covington, KY

Pricing Updated: 07/26/2025

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$2,150$94516
Kenton County$7,010$650348

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a Studio unit found at Sands Senior Apartments in the Queensgate neighborhood priced from $501. Clifton View in the Queensgate neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sands Senior Apartments0D 30%Studio,1BA$501
Clifton View1 Bedroom 1 Bathroom1BR,1BA$745
139 E Clifton Ave206Studio,1BA$899
2131 Staebler St2BR/1.0BA2BR,1BA$1,070
Highland RidgeSunset1BR,1BA$1,095
Indian River Apartments1 Bed/1 Bath 2nd Floor Small1BR,1BA$1,100
537 Elberon AveStunning2BR,1BA$1,150

Best Value Apartments for Rent in Covington, KY

As of July 26, 2025 the best value apartment in the Covington area is the $1.25 price per square foot 1399 Sleepy Hollow Rd Model at 1399 Sleepy Hollow Rd, Unit 1 Right Side in the in the Sedamsville neighborhood starting from $1,995. The second greatest value Covington apartment is the 1922 Bigelow St Model at 1922 Bigelow St, Unit Apt 2 starting at $1,600 with a $1.14 price per square foot in the Mount Auburn 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.
1399 Sleepy Hollow Rd, Unit 1 Right Side1399 Sleepy Hollow Rd3BR,2BA$1.25
1922 Bigelow St, Unit Apt 21922 Bigelow St2BR,1BA$1.14
535 Maple Ave, Unit 2d Floor535 Maple Ave2BR,1BA$1.00
619 Western Ave, Unit 2619 Western Ave1BR,1BA$0.83
101 Kyles Ln, Unit #2101 Kyles Ln2BR,1BA$1.00
Grandview Summit ApartmentsAndria2BR,2BA$1.23
48 W 5th St, Unit 148 W 5th St1BR,1BA$1.20
2232 Ravine St, Unit 12232 Ravine St1BR,1BA$1.15
40 Pleasant Ridge Ave, Unit 340 Pleasant Ridge Ave1BR,1BA$1.27
Clifton View1 Bedroom 1 Bathroom1BR,1BA$1.26

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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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Getting Around Covington, KY

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Covington Apartments

What is a cheap apartment in Covington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Covington is under $1,150.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is Clifton View which is listed at $745, while the average apartment in Covington costs $4,580.

What types of apartments are the cheapest in Covington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Covington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Covington?

Cheap apartments in Covington have an average cost of $234 which is $4,346 cheaper than the average rent for all rentals in Covington.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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