Apartments for Rent in Covington, KY

1-20 of 39 rentals
Viewing 1-20 of 39 rentals in Covington
What to Know About

Life in Covington & Beyond

Covington shares many of the great qualities that make Kentucky a desirable place to live.

Kentucky, known as the "Bluegrass State" and located in the Appalachian foothills, is famous for its horse racing industry, but there's so much more to explore. Immerse yourself in Kentucky's cultural legacy with visits to the Kentucky Derby Museum and the Muhammad Ali Center, or further your education at universities like the University of Kentucky and the University of Louisville. Growing agriculture, manufacturing, and healthcare industries support Kentucky's economy, providing residents with a wide range of job opportunities.

Kentucky has a rich and diverse landscape, ranging from rolling hills to bustling cities, offering something for everyone. Take in the scenic views of the Appalachians, hit the links for a round of golf, or even attend exciting college sports games at renowned local universities. In addition, immerse yourself in famous attractions like Churchill Downs, the Kentucky Horse Park, Mammoth Cave National Park, the Kentucky Bourbon Trail, and the historic city of Lexington.

Kentucky offers a high quality of life, a strong economy, and a beautiful natural environment, making it a great place to live. The state's friendly and welcoming atmosphere will make you feel at home, and its unique blend of urban and rural living creates a unique sense of balance.

Rental Market Trends

Covington, KY

As of May 2025, Covington's rental market is balanced, with an even mix of renter demand and available inventory leading to typical leasing times. Covington's average rent is 9.1% ($115) higher than the Kentucky average of $1,262 and 23.2% ($416) lower than the U.S. average of $1,793.

Average Rent
$1,377
Monthly ChangeMonth Over Month Change
Decreased3.6% ($52)
Yearly ChangeYear Over Year Change
Decreased11.2% ($174)
Avg. Days on MarketAverage Days on Market
53
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,192 Decreased5.5% ($69) Decreased15.3% ($215)
2 Beds $1,474 Increased0.1% ($1) Decreased16.4% ($290)
3 Beds $1,791 Decreased5.7% ($108) Decreased11.8% ($240)
Nearby Cities Average Rent Avg. Rent vs. CovingtonAverage Rent vs. Covington Avg. Days on MarketAverage Days on Market
Newport $2,004 Increased45.5% ($627) 30 days
Ft Mitchell $1,334 Decreased3.1% ($43) 31 days
Erlanger $1,221 Decreased11.3% ($156) 33 days
Cincinnati $1,356 Decreased1.5% ($21) 34 days
Latonia $1,010 Decreased26.7% ($367) 30 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Covington Rental Market FAQs

Explore rental prices, market trends, and availability in Covington, KY.

The average rent in Covington, KY is $1,377 per month.
Apartments in Covington typically rent for between $834 and $2,328 per month, with an average of $1,377 per month.
In Covington, the average rent for a 1-bedroom apartment is $1,192 per month, for a 2-bedroom apartment, $1,474 per month, and a 3-bedroom apartment is $1,791 per month.
The average rent in Covington is 23.2% ($416) lower than the national average of $1,793 per month.
The average rent in Covington has decreased by 3.6% ($52) in the last month and decreased by 11.2% ($174) over the past year.
The rental market in Covington, KY, is currently balanced, with an even mix of renter demand and available inventory leading to typical leasing times.
In Covington, KY, the average rental stays on the market for approximately 53 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 43 rental properties available in Covington, KY.
Based on the current averages, a household would need an annual income of $58,960 to comfortably afford a 2-bedroom apartment in Covington.
What's New on the Blog

Explore recent posts across our blog, which is curated for renters, landlords, and industry pros.

List Your Property For Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, and Craigslist Covington to attract quality tenants faster and take your listings to the next level.

Was this page helpful?  HelpfulUnhelpful