624 W 12th St
CovingtonKY41011
Cheap Homes for Rent in the Downtown Covington Neighborhood of Covington, KY from $900 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Covington area of Covington.
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
721 Craig St
CovingtonKY41011
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.
801 Willard St
CovingtonKY41011
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Downtown Covington, Covington, KY Local Guide
How much does it cost to rent a home in Downtown Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Covington 2 Bedroom Homes for Rent | $2,681 | $2,200 | $3,300 |
| Downtown Covington 3 Bedroom Homes for Rent | $2,350 | $2,350 | $2,350 |
| Downtown Covington 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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
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Best Value Apartments for Rent in Downtown Covington, KY
As of September 07, 2026 the best value apartment in the Downtown Covington area is the $1.64 price per square foot The Madison Model at Roebling Row in the in the Riverfront neighborhood starting from $2,217. The second greatest value Downtown Covington apartment is the Type 1BD (1,2,3,4,5,6) Model at The Colonial starting at $1,832 with a $1.50 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 | $1.64 |
| The Colonial | Type 1BD (1,2,3,4,5,6) | 2BR,1BA | $1.50 |
| The Arthur Historic Apartments | 1BR | 1BR,1BA | $1.09 |
| Madison Place Apartments | The Main | 1BR,1BA | $2.33 |
| Flats on the Row | 2 Bed | 1.5 Bath | 2BR,1.5BA | $1.62 |
| 103 E 3rd St. - The Hayden | 1BR/1.0BA | 1BR,1BA | $2.88 |
| RiverHaus | S1 | Studio ,1BA | $3.03 |
| JRG Lofts | Avalon | Studio ,1BA | $3.51 |
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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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.
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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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 Downtown Covington
What type of rentals are currently available in Downtown Covington?
There are currently 117 Apartments for Rent in Downtown Covington, KY with pricing that ranges from $765 to $3,000. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Covington ranging from $900 to $3,800.
What is the current price range for Rental Homes in Downtown Covington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Covington ranges from $900 to $3,800 with an average monthly rent of $2,241.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.