Median rent for residential apartments in Covington, KY as of Nov, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
35 Covington, KY, USA apartments for rent
Covington
Covington, KY has a population of 40,578, while the median age is 36. The household income in Covington, KY is around $38,346. The homeownership rate among the residents is 49%. The median residential property value in Covington, KY that you should keep in mind is $100,800.
| Population | 40,578 |
| Median Age | 35.8 |
| Poverty Rate | 25% |
| Household Income | $38,346 |
| Number Of Employees | 18,707 |
| Median Property Value | $100,800 |
Housing Trends
How much is an apartment in Covington, KY, USA
Average apartment rent in Covington: $1,842 (+11%)
| Rent Price | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $4,581 | -42% |
| 1-bed apartments | $1,175 | -12.8% |
| 2-bed apartments | $1,665 | -10.8% |
| 3-bed apartments | $1,400 | +74.8% |
| 4+ bed apartments | $2,633 | N/A |
Over the Nov 2022, the average rent for an apartment in/near Covington, KY increased by 11% to $1,842.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 12.8% to $1,175. Pricing for 2-bed apartment also decreased by 10.8% and a place of this size will now cost you $1,665. 3-bed apartment rent pricing starts at $1,400, it increased by 74.8% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,633 for a big-family home.
| Rent Type Price | Nov | vs Last Month |
|---|---|---|
| Apartments for rent | $1,598 | +7.7% |
| Condos for rent | $1,606 | -17.1% |
| Houses for rent | $2,190 | -51.9% |
| Townhouses for rent | $1,635 | N/A |
| Lofts for rent | $1,495 | N/A |
The median rent for an apartment in Covington, KY increased by 7.7% to $1,598. Statistics show that house rent price decreased by 51.9% this month making it up to $2,190. Condos faced an upward trend these days. The median rent for a condo decreased by 17.1%, it’s now available for $1,606. The median rent for a loft did not face significant changes this time, it now still goes for $1,495. Townhouse rent pricing didn’t change, the price still starts at $1,635.