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 Oct 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,420 |
| Dec 2025 | $1,395 |
| Jan 2026 | $1,395 |
| Feb 2026 | $1,495 |
| Mar 2026 | $1,500 |
| Apr 2026 | $1,500 |
| May 2026 | $1,450 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,500 |
| Aug 2026 | $1,595 |
| Sep 2026 | $1,465 |
| Oct 2026 | $1,450 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,050 | $1,580 | $1,895 | $1,950 | $1,400 |
| Townhomes | — | $1,450 | $2,100 | — | $1,895 |
| Apartments and Condos | $1,000 | $1,400 | $1,500 | $1,600 | $1,200 |
| Houses | $1,350 | $1,495 | $1,795 | $2,100 | $1,750 |
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 $1,313 per month. This is about 33% lower than the national average.
- What are the cheapest months to find an apartment to rent in Covington, KY?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,300 per month.
- How many cheap apartments are available in Covington, KY?There are 84 apartments to rent that are cheaper than the city’s average rent of $1,400.
- 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 $1,050 per month. That is about $50 less than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Covington, KY - 238 Rentas | Trulia