722 Philadelphia St
CovingtonKY41011
Cheap Homes for Rent in Downtown Covington Neighborhood of Covington, KY from $1,200 (1 Rental)
Search the lowest-cost Homes available for rent right now in the Downtown Covington area of 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.
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Downtown Covington, Covington, KY Local Guide
Covington Skyline from Devou Park by Ynsalh is licensed under CC BY 4.0
How much does it cost to rent a home in Downtown Covington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Covington 2 Bedroom Homes for Rent | $2,145 | $1,295 | $2,995 |
| Downtown Covington 3 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
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Downtown Covington, Covington, KY Local Guide
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Best Value Apartments for Rent in Downtown Covington, KY
As of May 14, 2025 the best value apartment in the Downtown Covington area is the $0.93 price per square foot 2 Bed 1 Bath Model at The Arthur Apartments in the in the Northern Kentucky neighborhood starting from $1,442. The second greatest value Downtown Covington apartment is the Fulton Model at JRG Lofts starting at $2,708 with a $1.78 price per square foot in the Lower Price Hill neighborhood. Here is today’s list of the best values for Downtown Covington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Arthur Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.93 |
| JRG Lofts | Fulton | 2BR,2.5BA | $1.78 |
| The Amos | 301 | 1BR,1.5BA | $2.24 |
| 806 Main St, Unit 2 | 806 Main St | 2BR,1BA | $1.75 |
| 266 W Pike St, Unit 3 | 266 W Pike St | 1BR,1BA | $1.48 |
| Riverhaus | B1 | 2BR,2BA | $2.12 |
| Cadence of Newport | Encore | 2BR,1BA | $1.76 |
| The Gateway Flats at Manhattan Harbour | Oasis | 1BR,1BA | $1.89 |
| Flats on the Row | 1 Bed | 1 Bath | 1BR,1BA | $1.51 |
| Fourth & Plum | Studio B | 1BR,1BA | $2.20 |
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Frequently Asked Questions about Downtown Covington
What type of rentals are currently available in Downtown Covington?
There are currently 126 Apartments for Rent in Downtown Covington, KY with pricing that ranges from $890 to $5,145. There are also 2 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Covington ranging from $1,295 to $2,995.
What is the current price range for Rental Homes in Downtown Covington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Covington ranges from $1,295 to $2,995 with an average monthly rent of $2,147.
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.
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.
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.