Top Rated Cheap Apartments for Rent in Covington, KY from $300 (40 Rentals)

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Apartments in Covington with the best features, newest construction, and richest amenities.

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

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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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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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One Lytle Place
Studio to 2 Bedroom Apartments

One Lytle Place

621 E Mehring WayCincinnati, OH 45202
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Lancaster Apartments
1 to 2 Bedroom Apartments

Lancaster Apartments

22 W 7th StCincinnati, OH 45202
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The Rye Cincinnati
1 Bedroom Apartments

The Rye Cincinnati

124 E 7th StCincinnati, OH 45202
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East 8 Lofts
Studio to 2 Bedroom Apartments

East 8 Lofts

317 E 8th StCincinnati, OH 45202
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Market Square
3 Bedroom Apartments

Market Square

30 Findlay StCincinnati, OH 45202
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Sycamore 307 Apartments
1 to 2 Bedroom Apartments

Sycamore 307 Apartments

307 Sycamore StCincinnati, OH 45202
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Showing Results 1-40, Page 1 of 1

Covington, KY Local Guide

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.

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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 $925.

What is the price of a cheap apartment in Covington?

The cheapest apartment in Covington is McMicken Ave which is listed at $725, while the average apartment in Covington costs $3,244.

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 81 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 $338 which is $2,906 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.

decorative image for The 10 Best Affordable Neighborhoods in Cincinnati, OH article

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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.