Cheap Apartments for Rent in the Downtown Covington Neighborhood of Covington, KY from $700 (32 Rentals)

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

property at 721 Scott St

721 Scott St

CovingtonKY41011

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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

522-524 Garrard StCovington, KY 41011
  • Utilities Included
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River's Edge
1 to 2 Bedroom Apartments

River's Edge

1028 Greenup StCovington, KY 41011
  • Utilities Included

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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811 Greenup St
2 Bedroom Apartments

811 Greenup St

811 Greenup StCovington, KY 41011
Showing Results 1-32, Page 1 of 1

Downtown Covington, Covington, KY Local Guide

Cheapest Available Downtown Covington Apartments for Rent

 

The cheapest available apartment rental in the Downtown Covington area of Covington, KY is a 1 Bed unit found at Flats on the Row priced from $1,060. Textile Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,270. Here are the most affordable Downtown Covington apartments for rent in Covington, KY:

Apartment ListingModel NameBed/BathPriced From
Flats on the Row1 Bed | 1 Bath1BR,1BA$1,060
Textile ApartmentsX09Studio,1BA$1,270
Cadence of NewportSolo2BR,1BA$1,295
103 E 3rd St. - The Hayden0BR/1.0BAStudio,1BA$1,300
Industry CincinnatiStudio - CollectiveStudio,1BA$1,349
The AltoSottoStudio,1BA$1,365
The Gateway Flats at Manhattan HarbourSanctuary2BR,2BA$1,495
Current At The BanksBridgeStudio,1BA$1,499

Best Value Apartments for Rent in Downtown Covington, KY

As of April 26, 2025 the best value apartment in the Downtown Covington area is the $1.82 price per square foot Fulton Model at JRG Lofts in the in the Lower Price Hill neighborhood starting from $2,763. The second greatest value Downtown Covington apartment is the 10 W Pike St Model at 10 W Pike St, Unit B starting at $1,650 with a $1.38 price per square foot in the Northern Kentucky neighborhood. Here is today’s list of the best values for Downtown Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
JRG LoftsFulton2BR,2.5BA$1.82
10 W Pike St, Unit B10 W Pike St1BR,1BA$1.38
The Amos3011BR,1.5BA$2.24
266 W Pike St, Unit 3266 W Pike St1BR,1BA$1.48
RiverhausB12BR,2BA$2.07
Fourth & Plum2-1f&pFDenCFourth & Plum2BR,1BA$1.93
Radius At The BanksPoly1BR,1BA$2.15
The Gateway Flats at Manhattan HarbourOasis1BR,1BA$1.83
Flats on the Row2 Bed | 1.5 Bath2BR,1.5BA$1.67
Cadence of NewportSolo1BR,1BA$2.07

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Pet Friendly Lifestyle
Downtown Covington, Covington, KY

Ranked #2

Among neighborhoods in Covington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Covington Neighborhood in Covington, KY

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

45 / 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 Downtown Covington Apartments

What is a cheap apartment in Downtown Covington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Covington is under $1,499.

What is the price of a cheap apartment in Downtown Covington?

The cheapest apartment in Downtown Covington is Flats on the Row which is listed at $1,060, while the average apartment in Downtown Covington costs $3,772.

What types of apartments are the cheapest in Downtown 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 30 regular apartments in Downtown Covington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.