Cheap Homes for Rent in Covington, KY from $800 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Homes in Covington.

property at 201 Emming St

201 Emming St

CincinnatiOH45219
property at 331 Elm St

331 Elm St, Unit 1

331 Elm St
LudlowKY41016

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.

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.

property at 2823 Madison Ave

2823 Madison Ave

CovingtonKY41015

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

Covington, KY Local Guide

Cheapest Neighborhoods for Apartments in Covington, KY

Pricing Updated: 05/04/2025

Current apartment rentals in the Covington, KY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Covington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Kenton County$2,575$650386
Downtown Covington$3,772$690411

Cheapest Available Covington Apartments for Rent

 

The cheapest available apartment rental in Covington, KY is a 1 Bed unit found at McMicken Ave in the Mount Auburn neighborhood priced from $700. The Arts Apartments at Music Hall in the Queensgate neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. Here is today’s list of the most affordable Covington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McMicken Ave1BR/1.0BA1BR,1BA$700
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$730
Clifton View1 Bedroom 1 Bathroom1BR,1BA$745
Sands Senior Apartments1Q 50%1BR,1BA$875
Bellevue House ApartmentsStudioStudio,1BA$895

Best Value Apartments for Rent in Covington, KY

As of May 05, 2025 the best value apartment in the Covington area is the $1.14 price per square foot 1922 Bigelow St Model at 1922 Bigelow St, Unit Apt 2 in the in the Mount Auburn neighborhood starting from $1,600. The second greatest value Covington apartment is the 535 Maple Ave Model at 535 Maple Ave, Unit 2d Floor starting at $1,395 with a $1.07 price per square foot in the Downtown Cincinnati neighborhood. Here is today’s list of the best values for Covington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1922 Bigelow St, Unit Apt 21922 Bigelow St2BR,1BA$1.14
535 Maple Ave, Unit 2d Floor535 Maple Ave2BR,1BA$1.07
619 Western Ave, Unit 2619 Western Ave1BR,1BA$1.08
107 Valencia St, Unit 107 Valencia Apt 1107 Valencia StStudio ,1BA$0.73
725 Grand Ave, Unit Grand Ave #2725 Grand Ave2BR,1BA$1.20
Running Creek2 Bedrooms2BR,1.5BA$1.10
537 Elberon AveStunning2BR,1BA$1.28
1033 State Ave, Unit 11033 State Ave1BR,1BA$1.25
The Arts Apartments at Music Hall2 Bedrooms2BR,1BA$1.06
Clifton View1 Bedroom 1 Bathroom1BR,1BA$1.26

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Covington

What type of rentals are currently available in Covington?

There are currently 1521 Apartments for Rent in Covington, KY with pricing that ranges from $690 to $10,210. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Covington ranging from $895 to $4,000.

What is the current price range for Rental Homes in Covington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Covington ranges from $895 to $4,000 with an average monthly rent of $2,098.

How much are larger Three and Four Bedroom Rentals in Covington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Covington range from $1,595 to $9,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,850.

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.