
Cheap Apartments for Rent in Covington, KY from $580 (248 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.


The Arthur Historic Apartments

Total Monthly Price
707 W 32nd St

3707 Winston Ave

2234 Hanser Dr

Total Monthly Price
116 E 35th St, Unit 1

1921 Pearl St, Unit 1

Total Monthly Price
1932 Eastern Ave, Unit 1932

15 W 8th St

802 Montague Rd, Unit 4
Where To Live Near Cincinnati: A Local Guide to Surrounding Cities
Looking for a great place to rent around the Cincinnati metro area? Explore nearby cities around town, including Covington, Newport, Blue Ash, Mason, and Florence, with local insight on commute, lifestyle, convenience, and renter fit.

1923 Greenup St

Bluffs at Devou Park

1205 Lee St

Tapestry Ridge

CitiView ~ On the River

949 Philadelphia St

313 W 7th St

110 Winding Way

Total Monthly Price
519 Greenup St, Unit C

830-832 Madison Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
JRG Lofts

Highland Manor

Lookout Ridge Apartments

1807 Madison Ave

522-524 Garrard St.

River's Edge

Crown Pointe Apartments

2517-2521 Warren Street

103 E 3rd St. - The Hayden

Apartments on 10th
Moving to the City: A Relocation Guide for Cincinnati
Planning a move to Cincinnati? Discover the best neighborhoods, utility setup tips, and essential moving advice in this step-by-step relocation guide.

Seminary Square Lofts

RiverHaus

811 Greenup St

Duveneck Square

Elevation 800

Wrights Pointe II

Madison Place Apartments

Total Monthly Price
1029 Bank St

2317 Chickasaw St

2315 Chickasaw St
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.

1087 Grand Ave

2162 Stratford Ave

Devou Village

Barkley Ridge Apartments

780 Wells St

Bellevue House Apartments

329 Taylor Ave

139 East Clifton Ave

2314-2316 Dixie Hwy

Indian River Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,486 | $580 | $3,750 |
| Cheap Covington 1 Bedroom Apartments | $1,744 | $650 | $10,000+ |
| Cheap Covington 2 Bedroom Apartments | $2,320 | $890 | $5,650 |
| Cheap Covington 3 Bedroom Apartments | $3,718 | $1,125 | $10,000+ |
| Cheap Covington 4 Bedroom Apartments | $5,121 | $1,575 | $8,355 |
| Covington 5 Bedroom Apartments | $5,934 | $2,895 | $10,000+ |
Browse Top Apartments in Covington
See all Apartments in CovingtonExplore Covington
Covington, KY Local Guide

- Covington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Covington, KY
Pricing Updated: 09/18/2026Current apartment rentals in the Covington, KY area range in price from $750 to $9,200 with an overall median price of $1,505. Here is today’s list neighborhoods with the lowest median pricing for Covington Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Kenton County | $1,500 | $750 | 464 |
| Downtown Covington | $1,605 | $945 | 24 |
Cheapest Available Covington Apartments for Rent
 The cheapest available apartment rental in Covington, KY is a 1 Bed unit found at 2317 Chickasaw St in the Clifton neighborhood priced from $650. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2317 Chickasaw St | 1BR/2.0BA | 1BR, 2BA | $650 |
| The Arts Apartments at Music Hall | 2 Bedrooms | 2BR, 1BA | $730 |
| 2162 Stratford Ave | One Bedroom | 1BR, 1BA | $799 |
| Devou Village | 1 Bedroom, 1 Bath - Sleepy Hollow 600SqFt | 1BR, 1BA | $800 |
| Bellevue House Apartments | Studio | Studio, 1BA | $825 |
| 139 East Clifton Ave | 0 Bedroom 1 Bath - 84021 | Studio, 1BA | $850 |
| Indian River Apartments | Studio 2nd Floor Type 1 | Studio, 1BA | $875 |
| Barkley Ridge Apartments | 1 Bedroom 1 Bath B | 1BR, 1BA | $890 |
| Chateau 944 | 1BR/1.0BA | 1BR, 1BA | $895 |
Best Value Apartments for Rent in Covington, KY
As of September 18, 2026 the best value apartment in the Covington area is the $1.12 price per square foot 1332 Broadway St Model at 1332 Broadway St, Unit 1 in the Riverfront neighborhood starting from $3,349. The second greatest value Covington apartment is the 802 Philadelphia St Model at 802 Philadelphia St, Unit 2 in the Lower Price Hill neighborhood starting at $1,800 with a $1.00 price per square foot. 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. |
|---|---|---|---|
| 1332 Broadway St, Unit 1 | 1332 Broadway St | 3BR, 2.5BA | $1.12 |
| 802 Philadelphia St, Unit 2 | 802 Philadelphia St | 3BR, 1BA | $1.00 |
| 2325 Ohio Ave, Unit 2 | 2325 Ohio Ave | 3BR, 1BA | $1.14 |
| The Arthur Historic Apartments | 1BR | 1BR, 1BA | $1.09 |
| 1932 Eastern Ave, Unit 1932 | 1932 Eastern Ave | 1BR, 1.5BA | $1.15 |
| 2115 Central Ave | 2115 Central Ave | 2BR, 1BA | $1.05 |
| 223 Electric Ave, Unit 4 | 223 Electric Ave | 2BR, 1BA | $1.05 |
| 116 E 35th St, Unit 1 | 116 E 35th St | 2BR, 1BA | $1.11 |
| 1029 Bank St | 1029 Bank St | Studio, 1BA | $0.73 |
| 2162 Stratford Ave | One Bedroom | 1BR, 1BA | $1.14 |
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 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 ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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
Taylor Mill Elementary School
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 $895.
What is the price of a cheap apartment in Covington?
The cheapest apartment in Covington is 2317 Chickasaw St which is listed at $650, while the average apartment in Covington costs $1,505.
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 33 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 $134 which is $1,371 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

Where To Live Near Cincinnati: A Local Guide to Surrounding Cities
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Cincinnati, Ohio. Cincinnati itself has much to offer, from Over-the-Rhine and Downtown to Clifton, Hyde Park, Oakley, and the riverfront.

Looking for a Short-Term Rental in Cincinnati? Here's Where to Start
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Cincinnati, Ohio.

Moving to the City: A Relocation Guide for Cincinnati
Written by: Catrina Cowart
Cincinnati is an amazing place to visit, and if you’ve been there, you might have decided it’s time to move. I’m Catrina, your ApartmentHomeLiving.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.