826 Madison Ave
CovingtonKY41011
Cheap Apartments for Rent in the Downtown Covington Neighborhood of Covington, KY from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Covington area of Covington.
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$899 - $1,6581 to 2 Bedroom Apartments Available Now
The Arthur Historic Apartments!
525 Greenup StCovington, KY 41011
721 Scott St
CovingtonKY41011
710 Philadelphia St
CovingtonKY41011
824-828 Madison Ave
CovingtonKY41011
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
327 E M.L.K. Jr. Blvd
CovingtonKY41011
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$1,3002 Bedroom Apartments Available Mar 15
329 Byrd St
329 Byrd StCovington, KY 41011
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1 Bedroom Apartments
522-524 Garrard St.
522-524 Garrard StCovington, KY 41011
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1 to 3 Bedroom Apartments
River's Edge
1028 Greenup StCovington, KY 41011
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1 to 2 Bedroom Apartments
Apartments on 10th
10-12 W 10th StCovington, KY 41011
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.
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$1,092 - $2,805Studio to 2 Bedroom Apartments Available Now
Flats on the Row
100 Riverboat RowNewport, KY 41071
Showing Results 1-11, Page 1 of 1
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 | $1,489 | $1,318 | $1,628 |
| Downtown Covington 1 Bedroom Apartments | $1,460 | $899 | $1,950 |
| Downtown Covington 2 Bedroom Apartments | $2,149 | $1,295 | $4,194 |
| Downtown Covington 3 Bedroom Apartments | $1,996 | $1,795 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Covington Neighborhood of Covington, KY.
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Downtown Covington, Covington, KY Local Guide
- Nearby Covington neighborhoods
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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 Flats on the Row priced from $1,092. The Arthur Historic Apartments! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Downtown Covington apartments for rent in Covington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flats on the Row | 1 Bed | 1 Bath | 1BR,1BA | $1,092 |
| The Arthur Historic Apartments! | 1BR | 1BR,1BA | $1,195 |
| Riverhaus | A5 | 1BR,1BA | $1,454 |
| JRG Lofts | Vesta | 1BR,1BA | $1,471 |
| Madison Place Apartments | The Boulevard | Studio,1BA | $1,605 |
Best Value Apartments for Rent in Downtown Covington, KY
As of January 19, 2026 the best value apartment in the Downtown Covington area is the $1.49 price per square foot The Madison Model at Roebling Row in the in the Riverfront neighborhood starting from $2,014. The second greatest value Downtown Covington apartment is the 1BR Model at The Arthur Historic Apartments! starting at $1,195 with a $1.09 price per square foot in the Northern Kentucky 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 | $1.49 |
| The Arthur Historic Apartments! | 1BR | 1BR,1BA | $1.09 |
| 726 Madison Ave, Unit 2 | 726 Madison Ave | 2BR,1.5BA | $1.45 |
| Madison Place Apartments | The Devou | 1BR,1BA | $2.29 |
| Riverhaus | B1 | 2BR,2BA | $2.17 |
| 103 E 3rd St. - The Hayden | 2BR/2.0BA | 2BR,2BA | $2.32 |
| Flats on the Row | 2 Bed | 1.5 Bath | 2BR,1.5BA | $1.72 |
| Duveneck Square | Madison | Studio ,1BA | $2.25 |
| JRG Lofts | Vesta | 1BR,1BA | $2.36 |
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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The 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.
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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 $1,092 at Flats on the Row.
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 $1,394 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
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!