Cheap Apartments for Rent in the Downtown Covington Neighborhood of Covington, KY from $700 (14 Rentals)

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

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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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

522-524 Garrard StCovington, KY 41011
  • Utilities Included
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River's Edge
1 to 2 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
  • Utilities Included

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.

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Showing Results 1-14, Page 1 of 1

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 Studio unit found at Madison Place Apartments priced from $1,640. The Amos has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,730. Here are the most affordable Downtown Covington apartments for rent in Covington, KY:

Apartment ListingModel NameBed/BathPriced From
Madison Place ApartmentsThe ShelbyStudio,1BA$1,640
The Amos**NO VACANCY**1BR,1BA$1,730
103 E 3rd St. - The Hayden2BR/1.0BA2BR,1BA$2,050

Best Value Apartments for Rent in Downtown Covington, KY

As of June 25, 2025 the best value apartment in the Downtown Covington area is the $1.34 price per square foot **NO VACANCY** Model at The Amos in the in the Riverfront neighborhood starting from $1,730. The second greatest value Downtown Covington apartment is the The Benton Model at Madison Place Apartments starting at $2,590 with a $2.41 price per square foot in the Riverfront 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.
The Amos**NO VACANCY**1BR,1BA$1.34
Madison Place ApartmentsThe Benton1BR,1.5BA$2.41
266 W Pike St, Unit 3266 W Pike St1BR,1BA$1.48
223 W 4th St, Unit 1223 W 4th St1BR,1BA$1.35
103 E 3rd St. - The Hayden2BR/1.0BA2BR,1BA$2.24
1205 Lee St, Unit 11205 Lee St1BR,1BA$2.00
Furnished Studio-Cincinnati - CovingtonFurnished Studio-Cincinnati - CovingtonStudio ,1BA$5.30

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Pet Friendly Lifestyle
Downtown Covington, Covington, KY

Ranked #2

Among neighborhoods in Covington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Covington Neighborhood in Covington, KY

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Downtown Covington Apartments

What is the Cheapest Studio apartment in Downtown Covington?

Currently the most affordable Cheap Studio Apartment in Downtown Covington is at Madison Place Apartments listed at $1,640.

How much is rent for a Cheap One Bedroom Downtown Covington Apartment?

The lowest price for a Cheap One Bedroom Downtown Covington Apartment is $1,730 at The Amos.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.