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Apartments for Rent in Covington KY

1,280 Rentals Available

Explore Rent Prices Near Covington, KY

Covington, KY’s average rent price is $1,512 per month. Compare rent prices and available listings in nearby cities to find better value or more options that fit your budget.

Average Rent
Lakeside Park $1,090
Fort Mitchell $1,070
Erlanger $1,017
Crescent Springs $1,082
Ft Mitchell $1,084

Average Monthly Rent is calculated using the average rent of active one-bedroom apartment listings.

Covington, KY Apartments for Rent

Covington is a vibrant suburban city located directly across the Ohio River from Cincinnati. The north side of the city is well known for its stunning historic architecture, from the numerous magnificent churches to the iconic John A. Roebling Suspension Bridge (connecting Covington with Cincinnati) to the brick townhomes of the Mutter Gottes Historic District. Farther south, things spread out considerably as the urban layout begins to blend into the surrounding countryside.

The local rental market is huge and diverse, ranging from upscale historic homes and swanky downtown condos to sensible suburban homes to budget-friendly efficiency apartments. The variety of housing options combined with the easy access to Cincinnati has bade Covington a longtime favorite for commuters, and frequent travelers will love the close proximity to Cincinnati/Northern Kentucky International Airport.

Learn more about living in Covington, KY

Covington, KY Rental Insights

The average rent in Covington, KY is $1,367 per month. By comparison, renters across the U.S. pay an average of $1,626, which means housing in Covington, KY is slightly less expensive than much of the country.

The cost of living in Covington, KY is 13.0% lower than the national average. Daily expenses like housing, groceries, and transportation generally cost less than in many other U.S. cities.

To live comfortably in Covington, KY as a single adult with no dependents, aim for a salary of at least $64,000 before taxes. Expect to spend about $7,452/year for groceries, $10,980 for goods and services, and $20,040/year for housing. To decide how much you should spend on rent, use our rent affordability calculator.

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