Cheap Apartments for Rent in Covington, KY from $300 (196 Rentals)

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

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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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Tapestry Ridge
Rent Specials
$1,375 - $3,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $3,300
Required Monthly Fees
$100

Total Monthly Price
$1,375 - $3,400
1 to 3 Bedroom Apartments Available Now

Tapestry Ridge

1431 Dixie HwyCovington, KY 41011
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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JRG Lofts
$1,409 - $3,449
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $3,319
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

JRG Lofts

437 W 6th StCovington, KY 41011
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
property at 525 Garrard St

$1,395 - $1,695

1 Bedroom Rentals

Available Apr 1

525 Garrard St

CovingtonKY41011
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Highland Manor
1 Bedroom Apartments

Highland Manor

918-922 Highland AveCovington, KY 41011
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1807 Madison Ave
2 Bedroom Apartments

1807 Madison Ave

1807 Madison AveCovington, KY 41014
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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

522-524 Garrard StCovington, KY 41011
  • Utilities Included
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River's Edge
1 to 3 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
  • Utilities Included

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Apartments on 10th
1 to 2 Bedroom Apartments

Apartments on 10th

10-12 W 10th StCovington, KY 41011
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Duveneck Square
Studio to 2 Bedroom Apartments

Duveneck Square

710 Washington StCovington, KY 41011
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Elevation 800
1 to 2 Bedroom Apartments

Elevation 800

2220 Cityscape DrCovington, KY 41011
  • Utilities Included
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811 Greenup St
1 to 2 Bedroom Apartments

811 Greenup St

811 Greenup StCovington, KY 41011

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.

property at 2215 Ohio Ave

$795 - $1,095

Studio To 1 Bedroom Rentals

Available Now

2215 Ohio Ave

CincinnatiOH45219

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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: 03/20/2026

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$1,973$89527
Kenton County$9,690$725545

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 II-55+One 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

Best Value Apartments for Rent in Covington, KY

As of March 21, 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 525 E 13th St Model at 525 E 13th St starting at $700 with a $0.35 price per square foot in the Riverfront 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
525 E 13th St525 E 13th St1BR,1.5BA$0.35
1115 Dayton St2 bed, 1.5 bath- Newly Renovated2BR,1.5BA$0.91
2116 Ravine St, Unit 12116 Ravine St2BR,1BA$0.86
107 Valencia St, Unit 107 Valencia Apt 1107 Valencia StStudio ,1BA$0.73
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
418 Dorchester Ave, Unit 418 Dorchester #3418 Dorchester Ave1BR,1BA$1.07
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$1.06

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

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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.

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

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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 $825.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is 2162 Stratford Ave which is listed at $700, while the average apartment in Covington costs $5,831.

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 34 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 $165 which is $5,666 cheaper than the average rent for all rentals in Covington.

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.

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