
Cheap Apartments for Rent in the Downtown Covington Neighborhood of Covington, KY from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Covington area of Covington.


RiverHaus

The Arthur Historic Apartments

The Amos

Total Monthly Price
802 Willard St, Unit 2 upstairs

Total Monthly Price
416 W Martin Luther King Jr Blvd, Unit 3

Riverside Place

320 Riverside Dr.
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420 W 12th St

Lindsey House

Grant House

The Lofts on 10th

508 Greenup St

204 Garrard St

412-422 Emma St

The Ascent at Roebling's Bridge
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334-336 W Pike St

326 E 2nd St

Madison Flats

268 Pike St

809 Scott St

1043 Banklick St

507 Madison Ave

The Market Lofts
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Greenpoint

1017-1019 Madison Ave

709 Garrard St

Pike Star

125-127 E 8th St

229-233 E 3rd St

343 W Pike St

1337 Scott St
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522-524 Garrard St.

811 Greenup St

Madison Place Apartments

303 Greenup (NEW)

River's Edge

Bakewell Commons

St. Aloysius Apartments

Panorama Apartments
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LaSalette Gardens Apartments

Flats on the Row

Two Rivers Apartment

Peter G. Noll Apartments
Downtown Covington, Covington, KY Local Guide

How much does it cost to rent an apartment in Downtown Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Covington Studio Apartments | $1,709 | $1,610 | $1,799 |
| Downtown Covington 1 Bedroom Apartments | $1,444 | $765 | $2,195 |
| Downtown Covington 2 Bedroom Apartments | $1,831 | $1,307 | $2,939 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the Downtown Covington Neighborhood of Covington, KY.
See all Apartments in CovingtonExplore Covington
Downtown Covington, Covington, KY Local Guide
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Cheapest Available Downtown Covington Apartments for Rent
 The cheapest available apartment rental in the Downtown Covington area of Covington, KY is a 1 Bed unit found at The Arthur Historic Apartments priced from $1,195. Flats on the Row has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,317. Here are the most affordable Downtown Covington apartments for rent in Covington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Arthur Historic Apartments | 1BR | 1BR,1BA | $1,195 |
| Flats on the Row | 2 Bed | 1.5 Bath | 2BR,1BA | $1,317 |
| Duveneck Square | Washington | 1BR,1BA | $1,690 |
| JRG Lofts | Island | Studio,1BA | $1,720 |
| The Amos | **NO VACANCY** | 1BR,1BA | $1,730 |
| RiverHaus | A6 | 1BR,1BA | $1,735 |
| Madison Place Apartments | The Sanford | 1BR,1BA | $1,845 |
Best Value Apartments for Rent in Downtown Covington, KY
As of July 24, 2026 the best value apartment in the Downtown Covington area is the $1.70 price per square foot The Madison Model at Roebling Row in the in the Riverfront neighborhood starting from $2,299. The second greatest value Downtown Covington apartment is the 802 Willard St Model at 802 Willard St, Unit 2 upstairs starting at $1,500 with a $1.15 price per square foot in the Lower Price Hill neighborhood. Here is today’s list of the best values for Downtown Covington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roebling Row | The Madison | 2BR,2BA | $1.70 |
| 802 Willard St, Unit 2 upstairs | 802 Willard St | 2BR,1.5BA | $1.15 |
| The Amos | **NO VACANCY** | 1BR,1BA | $1.34 |
| The Arthur Historic Apartments | 1BR | 1BR,1BA | $1.09 |
| Seminary Square Lofts | Bishop | 2BR,2BA | $1.60 |
| 416 W Martin Luther King Jr Blvd, Unit 3 | 416 W Martin Luther King Jr Blvd | 1BR,1BA | $1.26 |
| 300 Pike St, Unit 3rd floor pike street | 300 Pike St | 1BR,1BA | $1.98 |
| 631 Bakewell St, Unit 631 Bakewell Apt #1 | 631 Bakewell St | 2BR,1BA | $2.06 |
| Duveneck Square | Washington | 1BR,1BA | $1.95 |
| Flats on the Row | 2 Bed | 1.5 Bath | 2BR,1.5BA | $1.61 |
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 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.
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How much rent can you afford?
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Pet Friendly LifestyleDowntown Covington, Covington, KY
Ranked #2
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Covington Apartments
How much is rent for a Cheap One Bedroom Downtown Covington Apartment?
The lowest price for a Cheap One Bedroom Downtown Covington Apartment is $1,195 at The Arthur Historic Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Covington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Covington is starting from $1,307 at Flats on the Row.
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

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.

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Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.