
Cheap Homes for Rent in Covington, OH from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Covington.


906 1/2 Race Dr

239 Broadway
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.

703 E 4th St

300 Orchard St

424 S Miami Ave
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.

8197 Mount Washington Dr
Covington, OH 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 | $1,157 | $750 | $1,650 |
| Covington 3 Bedroom Homes for Rent | $1,570 | $900 | $2,250 |
| Covington 4 Bedroom Homes for Rent | $2,147 | $1,695 | $2,950 |
Browse Top Homes for Rent in Covington
Explore Covington
Covington, OH Local Guide
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Cheapest Available Covington Apartments for Rent and Nearby
 The cheapest available apartment rental in Covington, OH is a Studio unit found at Spacious Living at Heritage Lofts, Piqua priced from $775. Shiloh Gardens Independent Living in the Outer Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here is today’s list of the most affordable Covington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spacious Living at Heritage Lofts, Piqua | Heritage Lofts: Studio | Studio,1BA | $775 |
| Shiloh Gardens Independent Living | 1 Bedroom | 1BR,1BA | $779 |
| Timberlake Apartments | Augustine | 2BR,1BA | $782 |
Best Value Apartments for Rent in Covington, OH and Nearby
As of June 06, 2026 the best value apartment in the Covington area is the $1.28 price per square foot Heritage Model at Carriage Park in the in the Outer Northeast neighborhood starting from $1,439. The second greatest value Covington apartment is the 2BR/1.5BA Model at Troy Crossing starting at $1,149 with a $1.10 price per square foot . 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. |
|---|---|---|---|
| Carriage Park | Heritage | 2BR,2BA | $1.28 |
| Troy Crossing | 2BR/1.5BA | 2BR,1.5BA | $1.10 |
| Trotwood Commons | Two Bedroom Garden | 2BR,1BA | $1.19 |
| Timberlake Apartments | Augustine | 2BR,1BA | $0.92 |
| Traditions Apartments | Two Bedroom Garden Style | 2BR,1BA | $1.24 |
| McKaig Court Apartments | 2 Bedroom | 2BR,1BA | $1.17 |
| Graceview | Graceview: 1 BD / 1 BA | 1BR,1BA | $1.33 |
| Belle Meadows | 1x1 720 | 1BR,1BA | $1.15 |
| 1268 Todd Lane | Todd 1 Bed / 1 Bath | 1BR,1BA | $1.25 |
| Imperial Continental Court Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.32 |
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.
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.
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, OH
Covington High School
Covington Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Covington, OH
Frequently Asked Questions about Covington
What type of rentals are currently available in Covington?
There are currently 55 Apartments for Rent in Covington, OH with pricing that ranges from $650 to $2,199. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $550 to $2,950.
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 $550 to $2,950 with an average monthly rent of $1,356.
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 $766 to $2,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,695.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.