Cheap Apartments for Rent in Covington, OH from $659 (48 Rentals)

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

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Hunters Oak
2 to 3 Bedroom Apartments

Hunters Oak

1199 Russ RdGreenville, OH 45331
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SYC - Sycamore Creek
2 to 3 Bedroom Apartments

SYC - Sycamore Creek

776 Country Side LnSidney, OH 45365
Corporate Housing

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.

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Brown School Station
1 to 2 Bedroom Apartments

Brown School Station

74-412 S Brown School RdVandalia, OH 45377
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Vandalia Apartments
1 to 2 Bedroom Apartments

Vandalia Apartments

322 Kenbrook DrVandalia, OH 45377
Corporate Housing
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Wood Street Lofts
1 to 3 Bedroom Apartments

Wood Street Lofts

428 Wood StPiqua, OH 45356
  • Utilities Included

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.

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Showing Results 1-48, Page 1 of 1

Covington, OH Local Guide

Cheapest Available Covington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Covington, OH is a 1 Bed unit found at Shiloh Gardens Independent Living in the Outer Northeast neighborhood priced from $779. Timberlake Apartments in the Dayton International Airport neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $782. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shiloh Gardens Independent Living1 Bedroom1BR,1BA$779
Timberlake ApartmentsAugustine2BR,1BA$782
McKaig Court Apartments1 Bedroom1BR,1BA$800
The Flats of Troy LLC0BR/1.0BAStudio,1BA$825
Liberty Commons 62 or Older or DisabledLiberty Commons1BR,1BA$830
SYC - Sycamore Creek2x12BR,1BA$839
Englewood Villas & ResidencesOne Bedroom1BR,1BA$850
Carriage House Apartments1 Bedroom Garden1BR,1BA$850
Tower LoftsTower Lofts: Studio (Silver)Studio,1BA$850
Belle Meadows1x1 7201BR,1BA$850

Best Value Apartments for Rent in Covington, OH and Nearby

As of September 05, 2026 the best value apartment in the Covington area is the $1.29 price per square foot Heritage Model at Carriage Park in the in the Outer Northeast neighborhood starting from $1,443. The second greatest value Covington apartment is the Two Bedroom Garden Model at Trotwood Commons starting at $1,100 with a $1.29 price per square foot in the Northern Hills 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.
Carriage ParkHeritage2BR,2BA$1.29
Trotwood CommonsTwo Bedroom Garden2BR,1BA$1.29
Timberlake ApartmentsAugustine2BR,1BA$0.92
SYC - Sycamore Creek2x12BR,1BA$0.99
120 E Van Lake DrFully Remodeled - 2 Bedroom / 1.5 Bath2BR,1.5BA$1.22
McKaig Court Apartments2 Bedroom2BR,1BA$1.17
Carriage House Apartments1 Bedroom Garden1BR,1BA$1.18
Belle Meadows1x1 7201BR,1BA$1.18
Imperial Continental Court Apartments1 Bedroom 1 Bathroom1BR,1BA$1.32
1268 Todd LaneTodd 1 Bed / 1 Bath1BR,1BA$1.25

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.

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Real 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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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.

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Best Local Schools in
Covington, OH

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Covington Apartments

What is the Cheapest Studio apartment in Covington?

Currently the most affordable Cheap Studio Apartment in Covington is at The Flats of Troy LLC listed at $825.

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

The lowest price for a Cheap One Bedroom Covington Apartment is $779 at Shiloh Gardens Independent Living.

What is the lowest price for a Cheap Two Bedroom Covington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Covington is starting from $782 at Timberlake Apartments.

What is the most affordable Covington Three Bedroom Apartment?

The best deal on a cheap Covington Three Bedroom Apartment rental is at Englewood Villas & Residences and starts from $1,175.

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

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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.

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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.

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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.

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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.