
Cheap Homes for Rent in Covington, KY from $800 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Covington.


1718 Scott St

1026 Del Monte Pl

933-937 Highland Ave

3323 Emerson Ave, Unit B, Unit B

1822 Pearl St

2500 Warsaw Ave
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.

2701 Lehman Rd

635 Watkins St

107 W Elder St

2422 Warren St

847 Central Ave

324 Fairfield Ave, Unit 3

910 Leonard St
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.

2791 Madison Ave

937 Grand Ave

2558 Ring Pl

635 Hawthorne Ave

633 Hawthorne Ave

2219 Flora St

207 W McMicken Ave
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.
Covington, KY Local Guide

How much does it cost to rent a home in Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Covington 2 Bedroom Homes for Rent | $1,777 | $925 | $5,300 |
| Covington 3 Bedroom Homes for Rent | $2,270 | $1,400 | $4,995 |
| Covington 4 Bedroom Homes for Rent | $2,157 | $1,550 | $2,655 |
| Covington 5 Bedroom Homes for Rent | $2,764 | $2,000 | $3,750 |
| Covington 6 Bedroom Homes for Rent | $3,796 | $2,895 | $5,100 |
Browse Top Homes for Rent in Covington
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Covington, KY Local Guide
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Cheapest Neighborhoods for Apartments in Covington, KY
Pricing Updated: 04/26/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Covington | $2,295 | $950 | 22 |
| Kenton County | $8,913 | $730 | 471 |
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. 2162 Stratford Ave in the Queensgate neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Covington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Arts Apartments at Music Hall | 1 Bedroom | 1BR,1BA | $630 |
| 2162 Stratford Ave | One Bedroom | 1BR,1BA | $700 |
| Clifton View | 1 Bedroom 1 Bathroom | 1BR,1BA | $725 |
| 1701 Sycamore Street | 1/1 | 1BR,1BA | $800 |
| Bellevue House Apartments | Studio | Studio,1BA | $825 |
Best Value Apartments for Rent in Covington, KY
As of April 26, 2026 the best value apartment in the Covington area is the $1.00 price per square foot 474 Dayton St Model at 474 Dayton St, Unit Apt #2 in the in the Queensgate neighborhood starting from $2,200. The second greatest value Covington apartment is the 474 Dayton St Model at 474 Dayton St, Unit 1 starting at $1,200 with a $0.60 price per square foot in the Queensgate neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 474 Dayton St, Unit Apt #2 | 474 Dayton St | 2BR,2BA | $1.00 |
| 474 Dayton St, Unit 1 | 474 Dayton St | 1BR,1BA | $0.60 |
| 1115 Dayton St | 2 bed, 1.5 bath- Newly Renovated | 2BR,1.5BA | $0.91 |
| 2116 Ravine St, Unit 1 | 2116 Ravine St | 2BR,1BA | $0.86 |
| The Arthur Historic Apartments! | 2BR | 2BR,1BA | $1.01 |
| 107 Valencia St, Unit 107 Valencia Apt 1 | 107 Valencia St | Studio ,1BA | $0.73 |
| 2215 Ohio Ave | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.08 |
| 2216-2218 Ohio Ave | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.08 |
| 139 East Clifton Ave | 1 Bedroom, 1 full, 900 sqft | 1BR,1BA | $1.11 |
| The Arts Apartments at Music Hall | 1 Bedroom | 1BR,1BA | $1.07 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleLocal Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Cincinnati
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Cincinnati metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com
Read ArticleQuick 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.
Best Local Schools in Covington, KY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Covington, KY Rentals by Map
See the most popular apartments and homes in Covington, KY
Frequently Asked Questions about Covington
What type of rentals are currently available in Covington?
There are currently 1554 Apartments for Rent in Covington, KY with pricing that ranges from $600 to $27,865. There are also 201 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $850 to $5,300.
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 $850 to $5,300 with an average monthly rent of $2,327.
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 $1,200 to $10,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,995. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $1,260.
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.
Helpful Local Expert Guides

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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Cincinnati
Written by: Joey Hoelscher
Cincinnati isn’t exactly known as a college town — still, with the city’s great variety and strong economy, it’s a great place to go to college (and maybe to stay for years to come)!

Hailing the Queen City: A Local Take on Cincinnati, OH
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Cincinnati, Ohio, a southern city near the border next to Coventry, Kentucky.
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