Cheap Apartments for Rent in Covington, KY from $300 (143 Rentals)

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

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property at 721 Scott St

721 Scott St

CovingtonKY41011
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Highland Manor
1 Bedroom Apartments

Highland Manor

918-922 Highland AveCovington, KY 41011
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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

522-524 Garrard StCovington, KY 41011
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Bluffs at Devou Park
1 to 2 Bedroom Apartments

Bluffs at Devou Park

100 Winding WayCovington, KY 41011
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  • Smoke Free
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River's Edge
1 to 2 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
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Covington, KY Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Covington, KY

Pricing Updated: 04/13/2025

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
Kenton County$2,695$650526
Downtown Covington$5,145$995472

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a 1 Bed unit found at McMicken Ave in the Mount Auburn neighborhood priced from $700. The Arts Apartments at Music Hall in the Queensgate neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McMicken Ave1BR/1.0BA1BR,1BA$700
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$730
Clifton View1 Bedroom 1 Bathroom1BR,1BA$745
Emerald ViewOne Bedroom1BR,1BA$850
Sands Senior Apartments1Q 50%1BR,1BA$875
Running Creek1 Bedroom1BR,1BA$890

Best Value Apartments for Rent in Covington, KY

As of April 13, 2025 the best value apartment in the Covington area is the $1.14 price per square foot 129 Gage St Model at 129 Gage St, Unit 1 in the in the Mount Auburn neighborhood starting from $2,000. The second greatest value Covington apartment is the 1922 Bigelow St Model at 1922 Bigelow St, Unit Apt 2 starting at $1,600 with a $1.14 price per square foot in the Mount Auburn 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.
129 Gage St, Unit 1129 Gage St2BR,1BA$1.14
1922 Bigelow St, Unit Apt 21922 Bigelow St2BR,1BA$1.14
107 Valencia St, Unit 107 Valencia Apt 1107 Valencia StStudio ,1BA$0.73
2158 W Clifton Ave2158 W Clifton Ave1BR,1BA$0.83
725 Grand Ave, Unit Grand Ave #2725 Grand Ave2BR,1BA$1.20
306 W 34th St, Unit 306 W. 34th Street306 W 34th St2BR,1BA$1.10
921 Washington Ave, Unit 2921 Washington Ave1BR,1BA$1.03
1033 State Ave, Unit 11033 State Ave1BR,1BA$1.25
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$1.06
Clifton View1 Bedroom 1 Bathroom1BR,1BA$1.26

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Covington Overview

Located in the proud confines of Kenton County, Covington is a blue collar city in Kentucky that acts as home to around 40,000 residents. Boasting views of both the Ohio and Licking Rivers, this fifth most-populated city in the state is a welcoming locale brimming with charm and possibility.

Why live in Covington, KY?

With scenic natural beauty to spare and plenty of amenities usually only seen in larger cities, Covington apartments for rent make an excellent option for anyone in the market for a new home in the great state of Kentucky. From impressive local schools to popular area eateries, this on-the-move working class hot spot is a great destination in which to raise a family or enjoy retirement.

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

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See the most popular apartments and homes in Covington, KY

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Getting Around Covington, KY

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Covington Apartments

What is a cheap apartment in Covington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Covington is under $890.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is McMicken Ave which is listed at $700, while the average apartment in Covington costs $3,920.

What types of apartments are the cheapest in Covington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 79 regular apartments in Covington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Covington?

Cheap apartments in Covington have an average cost of $311 which is $3,609 cheaper than the average rent for all rentals in Covington.

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.

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