Cheap Homes for Rent in Covington, KY from $600 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Covington.

property at 201 Emming St

201 Emming St

CincinnatiOH45219

Covington, KY Local Guide

Cheapest Neighborhoods for Apartments in Covington, KY

Pricing Updated: 08/03/2025

Current apartment rentals in the Covington, KY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Covington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Covington$2,400$85515
Kenton County$7,820$650336

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a 1 Bed unit found at The Arts Apartments at Music Hall in the Queensgate neighborhood priced from $630. Clifton View in the Queensgate neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Arts Apartments at Music Hall1 Bedroom1BR,1BA$630
Clifton View1 Bedroom 1 Bathroom1BR,1BA$745
Running Creek1 Bedroom1BR,1BA$870
Bellevue House ApartmentsStudioStudio,1BA$895
Mercer Commons Apartments1 Bedroom Tax Credit***1BR,1BA$944

Best Value Apartments for Rent in Covington, KY

As of August 03, 2025 the best value apartment in the Covington area is the $1.17 price per square foot 133 Parker St Model at 133 Parker St, Unit Parker #2 in the in the Queensgate neighborhood starting from $2,100. The second greatest value Covington apartment is the 1399 Sleepy Hollow Rd Model at 1399 Sleepy Hollow Rd, Unit 1 Right Side starting at $1,995 with a $1.25 price per square foot in the Sedamsville neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
133 Parker St, Unit Parker #2133 Parker St3BR,2BA$1.17
1399 Sleepy Hollow Rd, Unit 1 Right Side1399 Sleepy Hollow Rd3BR,2BA$1.25
1922 Bigelow St, Unit Apt 21922 Bigelow St2BR,1BA$1.14
619 Western Ave, Unit 2619 Western Ave1BR,1BA$0.83
Grandview Summit ApartmentsAndria2BR,2BA$1.23
2116 Ravine St, Unit 12116 Ravine St1BR,1BA$0.83
214 E 8th St, Unit Historic Covington 1 BR214 E 8th St1BR,1BA$1.20
2232 Ravine St, Unit 12232 Ravine St1BR,1BA$1.15
Running Creek1 Bedroom1BR,1BA$1.24
The Arts Apartments at Music Hall1 Bedroom1BR,1BA$1.07

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Covington

What type of rentals are currently available in Covington?

There are currently 1514 Apartments for Rent in Covington, KY with pricing that ranges from $795 to $25,000. There are also 214 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $650 to $8,500.

What is the current price range for Rental Homes in Covington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Covington ranges from $650 to $8,500 with an average monthly rent of $1,762.

How much are larger Three and Four Bedroom Rentals in Covington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Covington range from $1,195 to $18,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $8,500. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $1,750.

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.

decorative image for The 10 Best Affordable Neighborhoods in Cincinnati, OH article

The 10 Best Affordable Neighborhoods in Cincinnati, OH

Written by: Joey Hoelscher

Cincinnati is a unique Midwest city thanks to its riverfront downtown core, unique terrain, and a surprising amount of 1800s urban architecture not commonly seen west of the East Coast.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.