What's the average rent in Covington, KY?

Rental Market Trends in Covington, KY

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Covington, KY is $1,525 per month, which is 22% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,525

5.2%$75 increase month-over-month

13.0%$175 increase year-over-year

AVAILABLE RENTALS

144

APARTMENTS

$1,562

HOUSES

$1,777

TOWNHOUSES

$1,995

As of June 2026, apartments are the most affordable rental option in Covington, KY at $1,562 per month, while townhomes are the most expensive at $1,995 per month. Houses average $1,777 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$1,630
3 Bedrooms	$1,900
4 Bedrooms	$2,150
All	$1,525

As of June 2026, the average rent for a 1 bedroom rental in Covington, KY is $1,250 per month, followed by $1,630 for a 2 bedroom rental, $1,900 for a 3 bedroom rental, and $2,150 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	—
3 Bedrooms	$1,995
4 Bedrooms	—
All	$1,995

Floor plan type	Average rent
1 Bedroom	$1,195
2 Bedrooms	$1,525
3 Bedrooms	$1,500
4 Bedrooms	$2,950
All	$1,425

As of June 2026, the average rent for a 1 bedroom apartment in Covington, KY is $1,195 per month, followed by $1,525 for a 2 bedroom apartment, $1,500 for a 3 bedroom apartment, and $2,950 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$1,480
3 Bedrooms	$1,900
4 Bedrooms	$2,252
All	$1,777

As of June 2026, the average rent for a 1 bedroom house in Covington, KY is $1,250 per month, followed by $1,480 for a 2 bedroom house, $1,900 for a 3 bedroom house, and $2,252 for a 4 bedroom house.