Rental market snapshot for Covington, Kentucky

Covington, Kentucky Rental Property Market Overview

Covington, Kentucky is a vibrant city located in the northern part of the state, just across the Ohio River from Cincinnati. With a population of 40,837 as of 2021 (US Census), Covington is a bustling city with plenty of things to do. From its historic downtown district to its many parks and trails, Covington is a great place to live, work, and play. With its convenient location and diverse attractions, Covington is a great place to visit or call home.

The average rent for an apartment in Covington is $1,725. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

Average monthly rent graph in Covington Kentucky | Cost of Living

  • The most expensive ZIP code in Covington is 41015 with an average price of $1,866.
  • The cheapest ZIP code in Covington is 41014 with an average price of $1,536.

Covington ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
141015$1,866
241017$1,758
341011$1,660
441014$1,536

Live near Covington, Kentucky's Top Sights and Attractions

Meinken Park is a picturesque park located on the banks of the Ohio River. It features a large grassy area, perfect for picnics, as well as a playground, walking trails, and a boat launch. The park also has a beautiful view of the river, making it a great spot for fishing, boating, and other outdoor activities. There are also several benches and tables scattered throughout the park, making it a great place to relax and take in the scenery.

Eva G Farris Complex is a multi-purpose recreational facility located in Covington, Kentucky. It features a variety of activities and attractions, including a large outdoor pool, a splash pad, a playground, a skate park, a basketball court, a sand volleyball court, a walking trail, and a picnic area. The complex also has a community center, which hosts a variety of classes and programs for all ages.

Randolph Park is a large public park located on the banks of the Ohio River. It features a variety of outdoor activities, including a playground, walking trails, picnic areas, and a fishing pier. The park also has a large open field, perfect for sports and other activities. There is also a large pavilion, which can be rented for special events. The park is a great place to enjoy the outdoors and take in the beautiful views of the river.

19th St Hollow is a unique outdoor attraction located in a picturesque valley. It features a variety of activities, including a walking trail, a playground, a picnic area, and a pond. Visitors can explore the area and take in the natural beauty of the surrounding landscape. The area is also home to a variety of wildlife, including birds, deer, and other animals. With its peaceful atmosphere and stunning views, 19th St Hollow is a great place to relax and enjoy nature.

Devou Park is a sprawling, picturesque park located on the banks of the Ohio River in Covington, Kentucky. It features a variety of activities and attractions, including a golf course, a disc golf course, a playground, a dog park, a lake, a walking trail, and a variety of picnic areas. The park also hosts a variety of events throughout the year, including concerts, festivals, and outdoor movies. With its stunning views of the river and its many amenities, Devou Park is a popular destination for locals and visitors alike.

George Rogers Clark Park is a beautiful park situated on the banks of the Ohio River. It features a large grassy area, perfect for picnics and outdoor activities, as well as a paved walking path that winds along the river. The park also has a playground, a gazebo, and a memorial to Revolutionary War hero George Rogers Clark. Visitors can also enjoy stunning views of the river and the Cincinnati skyline.

Bf Howard Park is a beautiful outdoor space located along the banks of the Ohio River. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground, walking trails, and a fishing pier. The park also has a large pavilion, perfect for hosting events and gatherings. With stunning views of the river and the surrounding area, it's the perfect place to relax and enjoy nature.

Ashland and Madison Park is a beautiful park located in Covington, Kentucky. It features a large lake, walking trails, and a variety of wildlife. The park also has a playground, picnic areas, and a pavilion for events. Visitors can enjoy fishing, boating, and bird watching. The park is a great place to relax and enjoy nature.

Hands Pike Park is a picturesque park located along the banks of the Ohio River. It features a large open grassy area, perfect for picnics and outdoor activities, as well as a playground, basketball court, and a walking path. The park also has a boat launch, making it a great spot for fishing and boating. The park is surrounded by lush trees, providing plenty of shade and a peaceful atmosphere.

47th and Decoursey is a popular spot for locals and visitors alike. It is a vibrant area filled with restaurants, shops, and entertainment venues. The area is known for its lively atmosphere, with plenty of street performers, musicians, and other attractions. There are also plenty of outdoor activities to enjoy, such as walking trails, parks, and a nearby river. The area is a great place to explore and experience the culture of the city.

Covington, Kentucky area median rent change by ZIP code map

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does Covington compare to other cities in Kentucky?

citymedian price
Burlington$1,800
Hebron$1,745
Crescent Springs$1,715
Newport$1,481
Shepherdsville$1,395
Erlanger$1,110
Oak Grove$1,080

Average household income in Covington area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in Covington in 2021 was $47,917. This represents a 27.2% change from 2011 when the median was $37,675.

#categorypercent
0Less than $10,00010.7%
1$10,000 to $14,9996.1%
2$15,000 to $19,9995.8%
3$20,000 to $24,9996.5%
4$25,000 to $29,9995.2%
5$30,000 to $34,9996.2%
6$35,000 to $39,9994.0%
7$40,000 to $44,9994.8%
8$45,000 to $49,9994.2%
9$50,000 to $59,9998.8%
10$60,000 to $74,99910.1%
11$75,000 to $99,9999.7%
12$100,000 to $124,9997.0%
13$125,000 to $149,9994.9%
14$150,000 to $199,9992.4%
15$200,000 or more3.7%

Neighborhoods in Covington

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Covington is $1,725.
Made withDataherald