Apartments for Rent in Covington, KY Under $500 (2 Rentals)
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.
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.
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 | $1,492 | $850 | $4,195 |
Covington 1 Bedroom Apartments | $1,760 | $795 | $3,215 |
Covington 2 Bedroom Apartments | $2,400 | $890 | $5,170 |
Covington 3 Bedroom Apartments | $4,015 | $1,195 | $10,000+ |
Covington 4 Bedroom Apartments | $5,648 | $1,750 | $10,000+ |
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Covington, KY Local Guide
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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.
Getting Around Covington, KY
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
Transit Score®
36 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Covington
How much are Studio apartments in Covington?
There are currently 118 Studio Apartments in Covington with rent ranges from $850 to $4,195 with an average price of $1,492.
What is the current price range for One Bedroom Covington Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Covington ranges from $795 to $3,215 with an average monthly rent of $1,760.
What does renting a Two Bedroom Apartment in Covington cost?
The monthly rent prices of Two Bedroom Apartments currently available in Covington range from $890 to $5,170. Today's average rental price for Two Bedrooms here is $2,400.
How expensive are Covington Three Bedroom Apartments?
There are currently 110 Three Bedroom Apartments listings available in Covington on ApartmentHomeLiving.com. The pricing ranges from $1,195 to $18,000 - averaging $4,015 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.