
Cheap Low Income Apartments for Rent in Covington, KY from $300 (2 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.

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.

Three Springs Apartments
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.
Covington, KY Local Guide

How much does it cost to rent an apartment in Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Covington Studio Apartments | $1,450 | $650 | $3,200 |
| Covington 1 Bedroom Apartments | $1,759 | $700 | $6,701 |
| Covington 2 Bedroom Apartments | $2,300 | $860 | $5,358 |
| Covington 3 Bedroom Apartments | $3,567 | $1,095 | $10,000+ |
| Covington 4 Bedroom Apartments | $6,930 | $2,400 | $10,000+ |
| Covington 5 Bedroom Apartments | $6,743 | $2,000 | $10,000+ |
Explore Covington
Covington, KY Local Guide
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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.
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 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.
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 the Cheapest Studio apartment in Covington?
Currently the most affordable Cheap Studio Apartment in Covington is at 2108 Auburn Ave listed at $650.
How much is rent for a Cheap One Bedroom Covington Apartment?
The lowest price for a Cheap One Bedroom Covington Apartment is $630 at The Arts Apartments at Music Hall.
What is the lowest price for a Cheap Two Bedroom Covington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Covington is starting from $730 at The Arts Apartments at Music Hall.
What is the most affordable Covington Three Bedroom Apartment?
The best deal on a cheap Covington Three Bedroom Apartment rental is at The Arts Apartments at Music Hall and starts from $830.
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

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.

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)!

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.

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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.