Covington, KY Rental Market Trends
What is the average rent in Covington?
The average rent for an apartment in Covington is $1,443. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Covington, KY
Last updated July 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,443 | 906 sq. ft. |
What is the average apartment size in Covington?
The average size for a Covington, KY apartment is 906 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.
Covington, KY apartment rent ranges
Covington, KY Occupied Housing Units
9,080 or 50% of the households in Covington, KY are renter-occupied while 8,960 or 50% are owner-occupied.
Covington, KY rent trends
How Covington Compares to Other Cities
| City | Average Rent |
|---|---|
| Louisville | $1,212 |
| Cincinnati | $1,300 |
| Lexington | $1,214 |
| Florence | $1,233 |
| Covington | $1,443 |
| Cheviot | $989 |
| Newport | $1,369 |
| Blue Ash | $1,549 |
| Erlanger | $1,116 |
| Nicholasville | $1,233 |
| Ft Mitchell | $1,089 |
| Frankfort | $926 |
| Independence | $1,318 |
| Richmond | $861 |
| Burlington | $1,303 |
| Mount Healthy | $1,228 |
| North College Hill | $1,085 |
| Crescent Springs | $1,089 |
| Forest Park | $1,119 |
| Fort Wright | $1,479 |
| Park Hills | $1,479 |
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