
Apartments for Rent in Covington, KY Under $5,000 (347 Rentals)


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221 W 4th St, Unit 2

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1207 Lee St

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Tapestry Ridge

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JRG Lofts

Riverhaus

Bluffs at Devou Park

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422 Watkins St

Madison View Apartments

The Arthur Historic Apartments!
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.

805 Scott St

1927 Scott St

Garrard Street Apartments

2219 Scott St

1046 Banklick St

Furnished Studio-Cincinnati - Covington

218 W 5th St

329 Byrd St

524 Highland Pike

406 E 38th St
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1807 Madison Ave

303 Greenup (NEW)

Madison Place Apartments

Roebling Row

The Amos

The Hayden

811 Greenup St

CitiView ~ On the River

Elevation 800

Duveneck Square
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Seminary Square Lofts

Apartments on 10th

Crown Pointe Apartments

River's Edge

522-524 Garrard St.

Lookout Ridge Apartments

Highland Manor

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1908 Dunlap St, Unit #4

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2200 Auburn

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50 E McMicken Ave
Cincinnati's Best Affordable Neighborhoods
Learn about Cincinnati and the best places to live with original content written by our Cincinnati, OH Local Expert Joey Hoelscher

133 Parker St, Unit 133 Parker apt #2

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422 Clark St, Unit 1

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2325 Ohio Ave, Unit 2

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409 Warner St

2322 Muriel Ct

AT580 Apartments

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2253 Loth St, Unit 2

4th and Race

The Gateway Flats at Manhattan Harbour

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1136 Park Ave, Unit Lovely 1 bedroom 1 bath
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 Under $5000 | $1,384 | $795 | $2,295 |
| Covington 1 Bedroom Apartments Under $5000 | $1,728 | $700 | $4,311 |
| Covington 2 Bedroom Apartments Under $5000 | $2,295 | $860 | $6,488 |
| Covington 3 Bedroom Apartments Under $5000 | $3,807 | $1,200 | $10,000+ |
| Covington 4 Bedroom Apartments Under $5000 | $5,749 | $1,260 | $10,000+ |
| Covington 5 Bedroom Apartments | $7,288 | $2,595 | $10,000+ |
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Covington, KY Local Guide
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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
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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.
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 Covington
How much are Studio apartments in Covington?
There are currently 854 Studio Apartments in Covington with rent ranges from $795 to $2,295 with an average price of $1,384.
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 $700 to $4,311 with an average monthly rent of $1,728.
What does renting a Two Bedroom Apartment in Covington cost?
The monthly rent prices of Two Bedroom Apartments currently available in Covington range from $860 to $6,488. Today's average rental price for Two Bedrooms here is $2,295.
How expensive are Covington Three Bedroom Apartments?
There are currently 169 Three Bedroom Apartments listings available in Covington on ApartmentHomeLiving.com. The pricing ranges from $1,200 to $10,786 - averaging $3,807 for the location.
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
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.

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.