Cheap Apartments for Rent in the Downtown Covington Neighborhood of Covington, KY from $700 (29 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

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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522-524 Garrard St.
1 Bedroom Apartments

522-524 Garrard St.

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

River's Edge

1028 Greenup StCovington, KY 41011
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811 Greenup St
2 Bedroom Apartments

811 Greenup St

811 Greenup StCovington, KY 41011
Showing Results 1-29, 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 $999. Cadence of Newport has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. 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$999
Cadence of NewportSolo2BR,1BA$1,295
Textile ApartmentsX09Studio,1BA$1,297
The AltoSottoStudio,1BA$1,299
The Gateway Flats at Manhattan HarbourBeacon1BR,1BA$1,395
Current At The BanksFreedom1BR,1BA$1,495
Industry CincinnatiStudio - CollectiveStudio,1BA$1,499
7 West 7th Apartments1B1BR,1BA$1,518
Fourth & Plum1-1f&pCFourth & Plum1BR,1BA$1,525

Best Value Apartments for Rent in Downtown Covington, KY

As of March 26, 2025 the best value apartment in the Downtown Covington area is the $1.50 price per square foot 10 W Pike St Model at 10 W Pike St, Unit B in the in the Northern Kentucky neighborhood starting from $1,800. The second greatest value Downtown Covington apartment is the Alcove Model at The Gateway Flats at Manhattan Harbour starting at $2,195 with a $1.92 price per square foot in the Queensgate 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.
10 W Pike St, Unit B10 W Pike St1BR,1BA$1.50
The Gateway Flats at Manhattan HarbourAlcove2BR,2BA$1.92
103 E 3rd St. - The Hayden2BR/1.0BA2BR,1BA$2.35
Fourth & Plum2-1f&pFDenCFourth & Plum2BR,1BA$1.93
RiverhausA21BR,1BA$2.14
Flats on the Row2 Bed | 1.5 Bath2BR,1.5BA$1.67
Madison Place ApartmentsThe ShelbyStudio ,1BA$2.27
Current At The BanksArena1BR,1BA$2.47
Cadence of NewportSolo1BR,1BA$2.07
Radius At The BanksSemi1BR,1BA$2.67

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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

2.5
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 the Cheapest Studio apartment in Downtown Covington?

Currently the most affordable Cheap Studio Apartment in Downtown Covington is at Textile Apartments listed at $1,298.

How much is rent for a Cheap One Bedroom Downtown Covington Apartment?

The lowest price for a Cheap One Bedroom Downtown Covington Apartment is $999 at Flats on the Row.

What is the lowest price for a Cheap Two Bedroom Downtown Covington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Covington is starting from $1,295 at Cadence of Newport.

What is the most affordable Downtown Covington Three Bedroom Apartment?

The best deal on a cheap Downtown Covington Three Bedroom Apartment rental is at 7 West 7th Apartments and starts from $5,920.

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

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Renting Smart: Lease Basics Every Renter Needs

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

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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.