
New Apartments for Rent in Covington, KY Under $5,000 (41 Rentals)


Total Monthly Price
JRG Lofts

Riverhaus

Madison View Apartments

Madison Place Apartments

The Hayden

Elevation 800

Duveneck Square
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.

AT580 Apartments

4th and Race

The Gateway Flats at Manhattan Harbour

Total Monthly Price
The Baldwin

Encore

Aqua on the Levee

1010 On The Rhine

7 West 7th 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.

Total Monthly Price
Crane Factory Flats

Academy on Fourth

Mercantile Apartments

Vicinity at Memorial Pointe

19 on The Park

Total Monthly Price
The Alto Apartments

Radius At The Banks

Parisian on Vine Apartments
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.

Sky Central

Total Monthly Price
Contrast OTR

Textile Apartments

Artistry Cincy

The Vibe Apartments

Total Monthly Price
The Crest at Williams Creek

Sixth Street Exchange

Newberry Lofts on 6th
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.

The Blonde

The Provident Apartments

Three Springs Apartments

Residences at Courtyard Crossings II-55+

420 Chestnut St

Adams Edge Apartments

Industry Cincinnati

Market Square
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

Cincinnati Lofts
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 | $1,384 | $795 | $2,295 |
| Covington 1 Bedroom Apartments | $1,728 | $700 | $4,311 |
| Covington 2 Bedroom Apartments | $2,295 | $860 | $6,488 |
| Covington 3 Bedroom Apartments | $3,807 | $1,200 | $10,000+ |
| Covington 4 Bedroom Apartments | $5,749 | $1,260 | $10,000+ |
| Covington 5 Bedroom Apartments | $7,288 | $2,595 | $10,000+ |
Explore Covington
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
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.
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 New Covington Apartments
What is the Cheapest New apartment in Covington?
Currently the most affordable New Apartment in Covington is at Residences at Courtyard Crossings II-55+ listed at $730.
How much is the average rent for a New Covington Apartment?
The average rent for a New Apartment in Covington is $2,367.
What is the largest New Covington Apartment for rent?
Today's New apartment with the most square footage in Covington is a 2,975 square feet unit starting from $1,250 at Sky Central.
What is the average size for Covington New Apartments for rent?
The average size for a New rental in Covington is currently at 589 sq ft.
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.