Apartments for Rent in Covington, KY

Prices and availability in Covington, KY were last updated on 15 Sep 2026.

The best apartments in Covington, KY are: Wrights Point, JRG Lofts, Wrights Point, Roebling Row and Thompson Street Holdings LLC.

The average rent in Covington, KY is $1,517.

The price range for a studio apartment in Covington, KY is between $1,486 and $2,236.

The price range for a 1-bedroom apartment in Covington, KY is between $860 and $3,795.

The price range for a 2-bedroom apartment in Covington, KY is between $890 and $4,185.

The price range for a 3-bedroom apartment in Covington, KY is between $1,950 and $2,300.

In Covington, 48% of the residents are renting compared to 52% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Covington's rentals, 61% are small-scale complexes with under 50 units, and 24% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Covington are about 39 years old, on average. Of these, 38% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 6 stories. About 71% of the rental communities here are low-rise, garden-style communities, 14% are mid-rises, and 19% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Covington come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 52% of the total apartments in the city, while 2-bedroom floorplans represent around 37% of all rentals in Covington. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.