
Cheap Apartments for Rent by Owner in Covington, KY from $300 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Covington.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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.

725 Grand Ave, Unit Grand Ave #2
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

2115 Central Ave, Unit Top Floor Unit 6
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

74 View Terrace Dr, Unit 74-04 View Terrace

535 Maple Ave, Unit 2d Floor

1922 Bigelow St, Unit Apt 3
Covington, KY Local Guide

How much does it cost to rent an apartment in Covington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Covington Studio Apartments | $1,453 | $780 | $4,078 |
Covington 1 Bedroom Apartments | $1,750 | $750 | $4,371 |
Covington 2 Bedroom Apartments | $2,394 | $890 | $4,950 |
Covington 3 Bedroom Apartments | $3,391 | $1,520 | $9,200 |
Covington 4 Bedroom Apartments | $4,812 | $1,850 | $8,480 |
Covington 5 Bedroom Apartments | $4,931 | $2,795 | $8,850 |
Explore Covington
Covington, KY Local Guide
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Quick 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.
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 $895.
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 $3,046.
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 46 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 $344 which is $2,702 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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.