2-Bedroom Apartment Rent in Covington, KY
Median asking rent for a 2-bedroom apartment in Covington, Kentucky as of July 2026. That's +26% lower than the citywide median of $1,615 and +27% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Covington
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Covington
Compare Covington's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morehead | $870 |
| 2 | Corbin | $900 |
| 3 | Russellville | $900 |
| 4 | Bardstown | $920 |
| 5 | Richmond | $950 |
| 6 | Radcliff | $1,010 |
| 7 | Lawrenceburg | $1,020 |
| 8 | Paducah | $1,050 |
| 9 | Nicholasville | $1,060 |
| 10 | Paris | $1,060 |
| 11 | Versailles | $1,060 |
| 12 | Winchester | $1,060 |
| 13 | Murray | $1,080 |
| 14 | Hopkinsville | $1,130 |
| 15 | Elizabethtown | $1,140 |
Most expensive cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,000 |
| 2 | Hebron | $1,670 |
| 3 | Burlington | $1,580 |
| 4 | Independence | $1,500 |
| 5 | Florence | $1,430 |
| 6 | Louisville | $1,408 |
| 7 | Vine Grove | $1,360 |
| 8 | Cold Spring | $1,330 |
| 9 | Erlanger | $1,300 |
| 10 | Fort Thomas | $1,290 |
| 11 | Alexandria | $1,280 |
| 12 | Lexington | $1,261 |
| 13 | Fort Wright | $1,236 |
| 14 | Shepherdsville | $1,230 |
| 15 | Oak Grove | $1,200 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 2-bedroom rents than Covington.
| City | Distance | 2-Bedroom rent | vs Covington |
|---|---|---|---|
| Fort Wright, KY | 1.5 mi | $1,236 | +$36 (+3%) |
| Newport, KY | 2.4 mi | $1,160 | $-40 (-3%) |
| Southgate, KY | 3.2 mi | $1,150 | $-50 (-4%) |
| Fort Thomas, KY | 4.7 mi | $1,290 | +$90 (+8%) |
| Dayton, KY | 4.9 mi | $1,190 | $-10 (-1%) |
| Cold Spring, KY | 5.8 mi | $1,330 | +$130 (+11%) |
| Cincinnati, OH | 6 mi | $1,283 | +$83 (+7%) |
| Erlanger, KY | 6.8 mi | $1,300 | +$100 (+8%) |
| Norwood, OH | 8.2 mi | $1,240 | +$40 (+3%) |
| Independence, KY | 9.3 mi | $1,500 | +$300 (+25%) |
| Florence, KY | 10.2 mi | $1,430 | +$230 (+19%) |
| Turpin Hills, OH | 10.6 mi | $1,156 | $-44 (-4%) |
2-Bedroom rent in Covington — common questions
How much is a 2-bedroom apartment in Covington?
As of July 2026, the median 2-bedroom apartment rent in Covington, Kentucky is $1,200 per month. This is +26% below the citywide median of $1,615.
What income do you need to afford a 2-bedroom in Covington?
Using the standard 30% rent-to-income rule, you would need an annual income of about $48,000 ($4,000/month gross), which works out to roughly $23.08/hour at a full-time job.
Is Covington expensive for a 2-bedroom compared to the rest of the US?
Covington's 2-bedroom median of $1,200 is +27% below the national 2-bedroom median of $1,655. It ranks in the 20th percentile of US cities tracked.
How does Covington rank for 2-bedroom rent in Kentucky?
Among the 39 cities in Kentucky with 2-bedroom data, Covington ranks #24 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Covington?
Yes — nearby cities with cheaper 2-bedroom rents include Newport ($1,160), Southgate ($1,150), Dayton ($1,190).