Cheap Apartments for Rent in the Downtown Covington Neighborhood of Covington, KY from $700 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Covington area of Covington.

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JRG Lofts
$1,610 - $3,776
Total Monthly Price

Total Monthly Price

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$1,610 - $3,776

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Studio to 2 Bedroom Apartments Available Now

JRG Lofts

437 W 6th StCovington, KY 41011
Corporate Housing
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Riverside Place
Studio Apartments

Riverside Place

100 Riverside PlCovington, KY 41011
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320 Riverside Dr.
1 Bedroom Apartments

320 Riverside Dr.

320 Riverside DrCovington, KY 41011
  • Utilities Included

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

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420 W 12th St
2 Bedroom Apartments

420 W 12th St

420 W 12th StCovington, KY 41011
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Lindsey House
1 to 2 Bedroom Apartments

Lindsey House

437-439 Greenup StCovington, KY 41011
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Grant House
1 to 3 Bedroom Apartments

Grant House

518-520 Greenup StCovington, KY 41011
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508 Greenup St
2 Bedroom Apartments

508 Greenup St

508 Greenup StCovington, KY 41011
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204 Garrard St
1 to 2 Bedroom Apartments

204 Garrard St

204 Garrard StCovington, KY 41011
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412-422 Emma St
Studio to 1 Bedroom Apartments

412-422 Emma St

412-422 Emma StCovington, KY 41011

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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334-336 W Pike St
1 to 2 Bedroom Apartments

334-336 W Pike St

334-336 W Pike StCovington, KY 41011
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326 E 2nd St
1 Bedroom Apartments

326 E 2nd St

326 E 2nd StCovington, KY 41011
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Madison Flats
1 Bedroom Apartments

Madison Flats

803-807 Madison AveCovington, KY 41011
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268 Pike St
Studio Apartments

268 Pike St

268 Pike StCovington, KY 41011
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809 Scott St
Studio Apartments

809 Scott St

809 Scott StCovington, KY 41011
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1043 Banklick St
Studio Apartments

1043 Banklick St

1043 Banklick StCovington, KY 41011
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507 Madison Ave
Studio Apartments

507 Madison Ave

507 Madison AveCovington, KY 41011
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The Market Lofts
Studio to 2 Bedroom Apartments

The Market Lofts

209-211 Pike StCovington, KY 41011

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Greenpoint
1 Bedroom Apartments

Greenpoint

423 Greenup StCovington, KY 41011
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709 Garrard St
1 to 2 Bedroom Apartments

709 Garrard St

709 Garrard StCovington, KY 41011
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Pike Star
Studio to 2 Bedroom Apartments

Pike Star

112 W Pike StCovington, KY 41011
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125-127 E 8th St
Studio Apartments

125-127 E 8th St

125-127 E 8th StCovington, KY 41011
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229-233 E 3rd St
Studio to 2 Bedroom Apartments

229-233 E 3rd St

229-233 E 3rd StCovington, KY 41011
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343 W Pike St
Studio to 1 Bedroom Apartments

343 W Pike St

343 W Pike StCovington, KY 41011
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1337 Scott St
1 to 2 Bedroom Apartments

1337 Scott St

1337 Scott StCovington, KY 41011

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

522-524 Garrard StCovington, KY 41011
  • Utilities Included
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811 Greenup St
1 to 2 Bedroom Apartments

811 Greenup St

811 Greenup StCovington, KY 41011
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303 Greenup  (NEW)
1 to 3 Bedroom Apartments

303 Greenup (NEW)

303 Greenup StCovington, KY 41011
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River's Edge
1 to 3 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
  • Utilities Included
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Bakewell Commons
Studio Apartments

Bakewell Commons

723-727 Bakewell StCovington, KY 41011
  • Utilities Included
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Panorama Apartments
Studio to 2 Bedroom Apartments

Panorama Apartments

111 Brent Spence SqCovington, KY 41011
Senior Living
  • Utilities Included

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.

Downtown Covington, Covington, KY Local Guide

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 ListingModel NameBed/BathPriced From
The Arthur Historic Apartments1BR1BR,1BA$1,195
Flats on the Row2 Bed | 1.5 Bath2BR,1BA$1,317
Duveneck SquareWashington1BR,1BA$1,690
JRG LoftsIslandStudio,1BA$1,720
The Amos**NO VACANCY**1BR,1BA$1,730
RiverHausA61BR,1BA$1,735
Madison Place ApartmentsThe Sanford1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Roebling RowThe Madison2BR,2BA$1.70
802 Willard St, Unit 2 upstairs802 Willard St2BR,1.5BA$1.15
The Amos**NO VACANCY**1BR,1BA$1.34
The Arthur Historic Apartments1BR1BR,1BA$1.09
Seminary Square LoftsBishop2BR,2BA$1.60
416 W Martin Luther King Jr Blvd, Unit 3416 W Martin Luther King Jr Blvd1BR,1BA$1.26
300 Pike St, Unit 3rd floor pike street300 Pike St1BR,1BA$1.98
631 Bakewell St, Unit 631 Bakewell Apt #1631 Bakewell St2BR,1BA$2.06
Duveneck SquareWashington1BR,1BA$1.95
Flats on the Row2 Bed | 1.5 Bath2BR,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.

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Real 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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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.

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Pet Friendly Lifestyle
Downtown Covington, Covington, KY

Ranked #2

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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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.

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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.