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Studio Condos for Rent in Covington, KY

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  • /27

    $1,799 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Cincinnati - Covington

    650 W 3rd St, Covington, KY 41011

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Cincinnati - Covington

    650 W 3rd St, Covington, KY 41011
  • /11

    $3,750 Per Month

    • Studio
    • 1 Bath
    • 3,000 Sq Ft
    • Condo for Rent

    1701 Madison Ave Unit B, Covington, KY 41011

    Approximately 3,000 SF of commercial space available in a highly visible, high-traffic location at the intersection of Madison Avenue and W. 17th Street. This versatile space features multiple private offices, a kitchen/break room, and a private restroom, making it suitable for professional office, medical, retail, service, or other commercial uses.Property features include ample on-site

    1701 Madison Ave Unit B, Covington, KY 41011
  • /19

    $1,000 Per Month

    • Studio
    • 1 Bath
    • 455 Sq Ft
    • Condo for Rent

    112 E 5th St Unit Commercial Office, Covington, KY 41011

    COMMERCIAL SPACE ONLY - NOT A RESIDENTIAL LISTING - In the lower level of a multi-unit residential building - Centrally located - One level floorplan with bathroom facilities and 12 x 15 storage/utility room - Front office area 18 x 13 and back office area 14 x 14 - Good walkability to all things Covington and the Riverfront. Landlord pays water, sanitation, and trash.- Prior long term tenant

    112 E 5th St Unit Commercial Office, Covington, KY 41011

Frequently Asked Questions

How much does it cost to rent a condo in Covington, KY?
The median rent for a condo in Covington, KY is $1,795 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in Covington, KY?
To comfortably afford the median rent in Covington, KY, a household needs to earn roughly $58,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,450 per month in Covington, KY, renters typically need to show $4,350 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Covington, KY?
In Covington, KY, the price-to-rent ratio is 14.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$1,795
Median 1 Bedroom Condo Rent
$1,045
Median 2 Bedroom Condo Rent
$2,100
Median 3 Bedroom Condo Rent
$1,948
How to Rent a Home