Cheap Apartments for Rent in Covington, KY from $300 (122 Rentals)

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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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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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property at 1646 Vine St

1646 Vine St

CincinnatiOH45202
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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: 03/26/2025

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$1,980$65010388
Downtown Covington$5,920$79513025

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a 2 Beds unit found at The Arts Apartments at Music Hall in the Queensgate neighborhood priced from $730. 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 Hall2 Bedrooms2BR,1BA$730
Clifton View1 Bedroom 1 Bath1BR,1BA$745
McMicken Ave1BR/1.0BA1BR,1BA$750
Sands Senior Apartments1A 60%1BR,1BA$768
Emerald ViewOne Bedroom1BR,1BA$850
Flats on the Row1 Bed | 1 Bath1BR,1BA$999
Invictus Realty 13th Street LLCSTUStudio,1BA$999
Bellevue House ApartmentsStandard1BR,1BA$1,025

Best Value Apartments for Rent in Covington, KY

As of March 26, 2025 the best value apartment in the Covington area is the $1.10 price per square foot 2251 Custer Ln Model at 2251 Custer Ln in the in the Saylor Woods neighborhood starting from $2,525. The second greatest value Covington apartment is the 474 Dayton St Model at 474 Dayton St, Unit 1 starting at $1,300 with a $0.65 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2251 Custer Ln2251 Custer Ln3BR,2.5BA$1.10
474 Dayton St, Unit 1474 Dayton St1BR,1BA$0.65
50 E McMicken Ave2 Bed 2 Bath2BR,2BA$1.13
1922 Bigelow St, Unit Apt 21922 Bigelow St2BR,1BA$1.14
12 Leathers Rd, Unit #112 Leathers Rd2BR,1BA$1.13
Mercer Commons Apartments2 Bedroom Townhouse2BR,2BA$1.31
921 Washington Ave, Unit 2921 Washington Ave1BR,1BA$1.03
537 Elberon Ave2 beds, 1 bath2BR,1BA$1.28
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$1.06
Clifton View1 Bedroom 1 Bath1BR,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 $1,025.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is Clifton View which is listed at $745, while the average apartment in Covington costs $3,950.

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 76 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 $113 which is $3,837 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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