What is the average apartment size in Covington?

The average size for a Covington, KY apartment is 909 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Covington?

As of Oct / 2025, the average rent in Covington is $1,532 per month, a 0.96% increase from last year’s average of $1,517.

How much does rent cost by apartment size in Covington?

In Covington, studios rent for $1,267 per month, one-bedroom units average $1,418 per month, two-bedrooms cost around $1,665 per month, and three-bedroom apartments rent for about $2,029 per month

What is the average apartment size in Covington?

The typical apartment in Covington offers about 909 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Covington?

Studio apartments in Covington average 505 sq. ft., one-bedrooms offer 782 sq. ft., two-bedrooms are about 1,061 sq. ft., and three-bedroom apartments average 1,407 sq. ft.

Covington, KY Rental Market Trends

Q: What's the typical rent budget in Covington?

The typical rent budget in Covington ranges from $1,501 to $2,000 per month, with 32% of rentals in this range.

Q: Do most people rent or own in Covington?

In Covington, 49% of households rent while 51% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Covington is $1,532, a 0.96% increase compared to the previous year, when the average rent was $1,517.

Studio Apartments at $1,267 offer the most budget-friendly option with 505 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 782 square feet for $1,418, balancing privacy and affordability.

Two-beedroom units at $1,665 offer 1,061 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,407 sq ft) for $2,029, suitable for larger households.

Average rent in Covington, KY

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,532	909 sq. ft.
Studio	$1,267	505 sq. ft.
1 Bed	$1,418	782 sq. ft.
2 Beds	$1,665	1,061 sq. ft.
3 Beds	$2,029	1,407 sq. ft.

Covington, KY rent trends

Rental prices in Covington, KY have increased by 0.96% over the past year. The average rent moved from $1,517 to $1,532.

What's the typical rent budget in Covington, KY?

The largest share of rentals in Covington, KY (32%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Covington, KY?

8,875 or 49% of the households in Covington, KY are renter-occupied while 9,418 or 51% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Covington Compares to Other Cities

City	Average Rent
Covington	$1,532
Louisville	$1,314
Lexington	$1,344
Florence	$1,403
Richmond	$958
Newport	$1,490
Shelbyville	$1,155
Ft Mitchell	$1,189
Elizabethtown	$1,235
Erlanger	$1,427
Frankfort	$1,084
Cincinnati, OH	$1,451
Norwood, OH	$1,910
Dayton	$1,885
Independence	$1,410
Southgate, KY	$1,203
Cold Spring, KY	$1,388
Crescent Springs, KY	$1,103
Alexandria, KY	$1,446
Reading, OH	$1,149

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Covington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.