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Covington, KY Townhomes for Rent

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  • /38

    $2,300

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,400 Sq Ft
    • Townhouse for Rent

    251 W 8th St Unit 2, Covington, KY 41011

    This 3 bedroom, 2 bathroom apartment in the heart of MainStrasse offers the perfect blend of historic charm, modern upgrades, & prime location. Beautifully refinished original hardwood floors, tons of natural light with sweeping city views from the top level. Just a 7-minute walk to Mainstrasse Village, where you'll enjoy some of the area's best restaurants, shops, and nightlife.2 Full

    251 W 8th St Unit 2, Covington, KY 41011
  • /31

    $2,000 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    2031 Franklin St, Covington, KY 41014

    Charming 3-Bedroom Townhouse for Rent – Prime Location, Pet Friendly!Located just a stone's throw from a local school, this well-maintained 3-bedroom, 2.5-bath townhouse offers the perfect blend of comfort, convenience, and style. With an inviting layout and plenty of natural light, this home is perfect for families or professionals seeking a peaceful retreat close to the

    2031 Franklin St, Covington, KY 41014

Frequently Asked Questions

How much does it cost to rent a townhouse in Covington, KY?
The median rent for a townhouse in Covington, KY is $2,000 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 Townhouses for Rent
2
Median Townhouse Rent
$2,000
Median 3 Bedroom Townhouse Rent
$2,150
How to Rent a Home