Cheap Apartments for Rent in Covington, KY
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Average Rent Trends in Covington, KY
Rent in Covington, KY varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,395 |
| Jul 2025 | $1,395 |
| Aug 2025 | $1,420 |
| Sep 2025 | $1,400 |
| Oct 2025 | $1,400 |
| Nov 2025 | $1,420 |
| Dec 2025 | $1,395 |
| Jan 2026 | $1,395 |
| Feb 2026 | $1,499 |
| Mar 2026 | $1,500 |
| Apr 2026 | $1,500 |
| May 2026 | $1,450 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,250 | $1,400 | $1,899 | — | $1,450 |
| Townhomes | $1,700 | $1,200 | $2,150 | — | $1,700 |
| Apartments and Condos | $1,200 | $1,350 | $1,500 | — | $1,345 |
| Houses | $1,045 | $1,605 | $1,850 | — | $1,806 |
Frequently Asked Questions about Rentals in Covington, KY
- What is the average rent of an apartment in Covington, KY?The average rent of an apartment in Covington, KY is $1,616 per month. This is about 16% lower than the national average.
- What is the average rent of a house in Covington, KY?The average rent of a house in Covington, KY is $1,806 per month. This is about 6% lower than the national average.
- What is the average rent of a townhome in Covington, KY?The average rent of a townhome in Covington, KY is $1,700 per month. This is about 12% lower than the national average.
- When is the average rent cheapest in Covington, KY?In the last year, the average rent in Covington, KY was lowest in Mar 2025 when it was $1,300 per month.
- When is the average rent most expensive in Covington, KY?In the last year, the average rent in Covington, KY was highest in Apr 2025 when it was $1,490 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Covington, KY?The average rent of a 1 bedroom apartment in Covington, KY is $1,250 per month. That is about $240 less than the cost of a studio apartment.
- How many available rental listings are in Covington, KY?There are 125 available rental listings in Covington, KY.
- What are some neighborhoods in Covington, KY?Some neighborhoods in Covington, KY include: Latonia.
- What are some zip codes in Covington, KY?
- What are some cities near Covington, KY?Some nearby cities include: Taylor Mill, Fairview, Wilder, Fort Wright, Kenton Vale. These cities may have more rental options to explore.