What's the average rent in Covington, KY?

Rental Market Trends in Covington, KY

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SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Covington, KY is $1,499 per month, which is 22% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,499

0.3%$4 increase month-over-month

3.4%$49 increase year-over-year

AVAILABLE RENTALS

123

APARTMENTS

$1,488

HOUSES

$1,800

TOWNHOUSES

$1,200

As of May 2026, townhomes are the most affordable rental option in Covington, KY at $1,200 per month, while houses are the most expensive at $1,800 per month. Apartments average $1,488 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,550
3 Bedrooms	$1,850
4 Bedrooms	$1,850
All	$1,500

As of May 2026, the average rent for a 1 bedroom rental in Covington, KY is $1,200 per month, followed by $1,550 for a 2 bedroom rental, $1,850 for a 3 bedroom rental, and $1,850 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,700
2 Bedrooms	$1,200
3 Bedrooms	—
4 Bedrooms	—
All	$1,200

As of May 2026, the average rent for a 1 bedroom townhome in Covington, KY is $1,700 per month, followed by $1,200 for a 2 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,450
3 Bedrooms	$1,500
4 Bedrooms	$1,850
All	$1,399

As of May 2026, the average rent for a 1 bedroom apartment in Covington, KY is $1,200 per month, followed by $1,450 for a 2 bedroom apartment, $1,500 for a 3 bedroom apartment, and $1,850 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,550
3 Bedrooms	$1,899
4 Bedrooms	$1,899
All	$1,800

As of May 2026, the average rent for a 1 bedroom house in Covington, KY is $850 per month, followed by $1,550 for a 2 bedroom house, $1,899 for a 3 bedroom house, and $1,899 for a 4 bedroom house.