
Cheap Apartments for Rent in Covington, KY from $300 (196 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.


406 E 38th St

2021 Scott St

The Arthur Historic Apartments!

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422 Watkins St

524 Highland Pike

329 Byrd St

219 W 5th St

Riverhaus

Bluffs at Devou Park
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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Tapestry Ridge

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JRG Lofts

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1238 Highway Ave, Unit #4

525 Garrard St

Highland Manor

Lookout Ridge Apartments

1807 Madison Ave

522-524 Garrard St.

River's Edge

Crown Pointe Apartments
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.

Apartments on 10th

Seminary Square Lofts

Duveneck Square

Elevation 800

811 Greenup St

CitiView - On the River

2162 Stratford Ave

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525 E 13th St

Residences at Courtyard Crossings II-55+

2810 Maryland Ave
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.

1617 Westwood Ave

1622 Pleasant St

2215 Ohio Ave

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418 Dorchester Ave, Unit 418 Dorchester #3

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107 Valencia St, Unit 107 Valencia Apt 1

Indian River Apartments

Devou Village

Bellevue House Apartments

2128 St Michael St

1900 State Ave
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.

Three Springs Apartments

Running Creek

Barkley Ridge Apartments

Alvin Street Apartments

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2210 Victor St

26 E 14th St

918 Highland Ave

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224 Ridgeway Ave, Unit 4

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2232 Ravine St, Unit 1

Fourth & Plum
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.
Covington, KY Local Guide

How much does it cost to rent an apartment in Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Covington Studio Apartments | $1,396 | $795 | $2,229 |
| Cheap Covington 1 Bedroom Apartments | $1,710 | $700 | $4,341 |
| Cheap Covington 2 Bedroom Apartments | $2,237 | $860 | $6,248 |
| Cheap Covington 3 Bedroom Apartments | $3,774 | $1,200 | $9,792 |
| Cheap Covington 4 Bedroom Apartments | $5,483 | $1,260 | $10,000+ |
| Covington 5 Bedroom Apartments | $6,809 | $2,595 | $10,000+ |
Browse Top Apartments in Covington
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Covington, KY Local Guide

- Covington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Covington, KY
Pricing Updated: 03/20/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Covington | $1,973 | $895 | 27 |
| Kenton County | $9,690 | $725 | 545 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2162 Stratford Ave | One Bedroom | 1BR,1BA | $700 |
| Clifton View | 1 Bedroom 1 Bathroom | 1BR,1BA | $725 |
| The Arts Apartments at Music Hall | 2 Bedrooms | 2BR,1BA | $730 |
| Residences at Courtyard Crossings II-55+ | One Bedroom | 1BR,1BA | $730 |
| Ohio 2215-2217-2219 | 1 Room 1 Bath Studio | Studio,1BA | $795 |
| 2215 Ohio Ave | 1 Room 1 Bath Studio | Studio,1BA | $795 |
| Bellevue House Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 422 Clark St, Unit 3 | 422 Clark St | 3BR,2.5BA | $0.88 |
| 525 E 13th St | 525 E 13th St | 1BR,1.5BA | $0.35 |
| 1115 Dayton St | 2 bed, 1.5 bath- Newly Renovated | 2BR,1.5BA | $0.91 |
| 2116 Ravine St, Unit 1 | 2116 Ravine St | 2BR,1BA | $0.86 |
| 107 Valencia St, Unit 107 Valencia Apt 1 | 107 Valencia St | Studio ,1BA | $0.73 |
| Ohio 2215-2217-2219 | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.08 |
| 2215 Ohio Ave | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.08 |
| Three Springs Apartments | 1x1 | 1BR,1BA | $1.09 |
| 418 Dorchester Ave, Unit 418 Dorchester #3 | 418 Dorchester Ave | 1BR,1BA | $1.07 |
| The Arts Apartments at Music Hall | 2 Bedrooms | 2BR,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.
Read ArticleDon'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 ArticleThe 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 ArticleCash 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 ArticleLocal 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 ArticleQuick 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.
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
See the most popular apartments and homes in Covington, KY
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.
Articles, How-To's, and Tips

The 10 Best Affordable Neighborhoods in Cincinnati, OH
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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.

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.

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.

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.