Cheap Apartments for Rent in Covington, KY from $300 (181 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 112 E 5th St

$1,000

Studio Rentals

Available Now

112 E 5th St

CovingtonKY41011

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
Highland Manor
1 Bedroom Apartments

Highland Manor

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

1807 Madison Ave

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

522-524 Garrard St.

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

River's Edge

1028 Greenup StCovington, KY 41011
  • Utilities Included
close
View Me
Apartments on 10th
1 to 2 Bedroom Apartments

Apartments on 10th

10-12 W 10th StCovington, KY 41011

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.

Read Article
close
View Me
Duveneck Square
Studio to 2 Bedroom Apartments

Duveneck Square

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

Elevation 800

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

811 Greenup St

811 Greenup StCovington, KY 41011
property at 2215 Victor St

$600 - $1,675

1 To 3 Bedroom Rentals

Available Aug 1

2215 Victor St

CincinnatiOH45219

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.

Read Article

Where to Live in Cincinnati: Proximity-Based Neighborhood Rental Guide Near Major Employers

Your expert guide to renting in Cincinnati, Ohio. See which neighborhoods put you minutes from major employers like Cincinnati Children's Hospital Medical Center and help you avoid peak-hour traffic.

Read Article

Hailing the Queen City: A Local Take on Cincinnati, OH

Discover why renters love Cincinnati, OH. This guide highlights the reasonable cost of living, vibrant brewery scene, unique chili tradition, weekend markets, and scenic views from Mount Adams and the Ohio Riverfront.

Read Article
Showing Results 1-50, Page 1 of 4

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: 05/05/2026

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$1,900$89030
Kenton County$8,986$730460

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a 1 Bed unit found at The Arts Apartments at Music Hall in the Queensgate neighborhood priced from $630. 2162 Stratford Ave in the Queensgate neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Arts Apartments at Music Hall1 Bedroom1BR,1BA$630
2162 Stratford AveOne Bedroom1BR,1BA$700
Clifton View1 Bedroom 1 Bathroom1BR,1BA$725
1701 Sycamore Street1/11BR,1BA$800
Bellevue House ApartmentsStudioStudio,1BA$825
Barkley Ridge Apartments1 Bedroom 1 Bath1BR,1BA$885
Chateau 932-9381BR/1.0BA1BR,1BA$895
Chateau 9441BR/1.0BA1BR,1BA$895
Alvin Street Apartments1 BD, 1BTH1BR,1BA$900

Best Value Apartments for Rent in Covington, KY

As of May 05, 2026 the best value apartment in the Covington area is the $1.00 price per square foot 474 Dayton St Model at 474 Dayton St, Unit Apt #2 in the in the Queensgate neighborhood starting from $2,200. The second greatest value Covington apartment is the 474 Dayton St Model at 474 Dayton St, Unit 1 starting at $1,200 with a $0.60 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.
474 Dayton St, Unit Apt #2474 Dayton St2BR,2BA$1.00
474 Dayton St, Unit 1474 Dayton St1BR,1BA$0.60
1115 Dayton St2 bed, 1.5 bath- Newly Renovated2BR,1.5BA$0.91
2116 Ravine St, Unit 12116 Ravine St2BR,1BA$0.86
The Arthur Historic Apartments!2BR2BR,1BA$1.01
107 Valencia St, Unit 107 Valencia Apt 1107 Valencia StStudio ,1BA$0.73
1130 River Hill Dr, Unit Devou unit 11130 River Hill Dr2BR,1BA$1.00
2215 Ohio Ave1 Bedroom 1 Bathroom1BR,1BA$1.08
2216-2218 Ohio Ave1 Bedroom 1 Bathroom1BR,1BA$1.08
The Arts Apartments at Music Hall1 Bedroom1BR,1BA$1.07

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Covington, KY

View Map
Covington, KY Apartments Map
View Map
Covington, KY Rental Homes Map

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 $900.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is The Arts Apartments at Music Hall which is listed at $630, while the average apartment in Covington costs $5,443.

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 19 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 $152 which is $5,291 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.

Helpful Local Expert Guides

decorative image for The 10 Best Affordable Neighborhoods in Cincinnati, OH article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Cincinnati article

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

Written by: Joey Hoelscher

Cincinnati isn’t exactly known as a college town — still, with the city’s great variety and strong economy, it’s a great place to go to college (and maybe to stay for years to come)!

decorative image for Hailing the Queen City: A Local Take on Cincinnati, OH article

Hailing the Queen City: A Local Take on Cincinnati, OH

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Cincinnati, Ohio, a southern city near the border next to Coventry, Kentucky.

decorative image for Where to Live in Cincinnati: Proximity-Based Neighborhood Rental Guide Near Major Employers article

Where to Live in Cincinnati: Proximity-Based Neighborhood Rental Guide Near Major Employers

Written by: Catrina Cowart

Hello! I'm Catrina, and I'm your ApartmentHomeLiving.com Local Expert for Cincinnati, Ohio. Part of what we do at ApartmentHomeLiving.com is helping people like you find the right neighborhood to call home.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.