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Studio Apartments for Rent in Covington, KY - 42 Rentals available

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Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RENTCafé listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RENTCafé allows you to find the best fit for you - so, let's find your new home!

Frequently Asked Questions

What are the advantages of renting a studio apartment in Covington, KY?

Studio apartments in Covington, KY tend to be more affordable than other apartments and they have lower utility costs.

What are the downsides of renting a studio apartment in Covington, KY?

One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Covington, KY.

Covington, KY Demographics

  • Total Population40,548
  • Female 20,204
    Male 20,344
  • Median Age36

Average Rent in Covington, KY

  • Covington, KY Average Rental Price, February 2021 $1,116 /mo

Covington, KY Apartment Rent Ranges

  • $501-$70016%
  • $701-$1,00037%
  • $1,001-$1,50030%
  • $1,501-$2,0008%
  • > $2,0008%

Covington, KY Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Feb / 2021
Covington, KY $781 $783 $801 $858 $897 $1,130 $1,117 $1,127 $1,116
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Check out the average rent prices in Covington by neighborhood.

Covington, KY Households

  • Total Number of Households16,951
  • Family 8,460
    Non-family 8,491
  • Children 4,460
    No Children 12,491
  • Average People Per Household2.33
  • Median Household Income$43,437
  • Median Housing Costs Per Month$794

Covington, KY Education Statistics

  • No High School6%
  • Some High School40%
  • Some College24%
  • Associate Degree6%
  • Bachelor Degree16%
  • Graduate Degree8%

Renting a studio apartment in Covington, KY

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Covington, KY is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 25 listings with a total of 42 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Fort Wright is the cheapest neighborhood in town—wink wink).

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Covington, KY average rent is currently at $964, but a single-bedroom apartment in Covington, KY can be yours for as low as $275 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Covington, KY with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Covington, KY costs a monthly $2,109.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!