Cheap Apartments for Rent in Covington, KY from $300 (125 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 237 Hwy Ave

237 Hwy Ave

LudlowKY41016

Cincinnati's Best Affordable Neighborhoods

Learn about Cincinnati and the best places to live with original content written by our Cincinnati, OH Local Expert Joey Hoelscher

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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: 06/26/2025

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$2,400$94514
Kenton County$7,020$650329

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. The Arts Apartments at Music Hall in the Queensgate neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. 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
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$730
Clifton View1 Bedroom 1 Bathroom1BR,1BA$745
Bellevue House ApartmentsStudioStudio,1BA$895
Invictus Realty 13th Street LLCSTUStudio,1BA$999
Parisian on Vine ApartmentsS01Studio,1BA$1,010
139 E Clifton Ave3031BR,1BA$1,050
2131 Staebler St2BR/1.0BA2BR,1BA$1,075

Best Value Apartments for Rent in Covington, KY

As of June 27, 2025 the best value apartment in the Covington area is the $1.03 price per square foot 129 Gage St Model at 129 Gage St, Unit 1 in the in the Mount Auburn neighborhood starting from $1,800. 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.
129 Gage St, Unit 1129 Gage St2BR,1BA$1.03
1922 Bigelow St, Unit Apt 21922 Bigelow St2BR,1BA$1.14
Grandview Summit ApartmentsAndria2BR,2BA$1.05
Indian River Apartments1 Bed/1 Bath 3rd Floor Cathedral1BR,1BA$1.29
537 Elberon AveStunning2BR,1BA$1.28
2232 Ravine St, Unit 12232 Ravine St1BR,1BA$1.14
2131 Staebler St2BR/1.0BA2BR,1BA$1.33
1119 Amsterdam Rd, Unit Park hills 1 bedroom1119 Amsterdam Rd1BR,1BA$1.22
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$1.06
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 $1,075.

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 $4,710.

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 13 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 $191 which is $4,519 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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