3-Bedroom Apartment Rent in Covington, KY
Median asking rent for a 3-bedroom apartment in Covington, Kentucky as of October 2026. That's +5% higher than the citywide median of $1,513 and +25% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Kentucky
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Corbin | $1,100 |
| 2 | Franklin | $1,132 |
| 3 | Glasgow | $1,190 |
| 4 | Bardstown | $1,270 |
| 5 | Paducah | $1,270 |
| 6 | Murray | $1,300 |
| 7 | Richmond | $1,330 |
| 8 | Lawrenceburg | $1,370 |
| 9 | Radcliff | $1,420 |
| 10 | Bowling Green | $1,433 |
| 11 | Nicholasville | $1,440 |
| 12 | Winchester | $1,440 |
| 13 | Owensboro | $1,530 |
| 14 | Frankfort | $1,540 |
| 15 | Newport | $1,540 |
Most expensive cities for a 3-bedroom in Kentucky
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,580 |
| 2 | Hebron | $2,210 |
| 3 | Burlington | $2,100 |
| 4 | Independence | $1,990 |
| 5 | Florence | $1,900 |
| 6 | Louisville | $1,818 |
| 7 | La Grange | $1,770 |
| 8 | Cold Spring | $1,760 |
| 9 | Erlanger | $1,720 |
| 10 | Lexington | $1,713 |
| 11 | Fort Thomas | $1,710 |
| 12 | Alexandria | $1,700 |
| 13 | Oak Grove | $1,680 |
| 14 | Elizabethtown | $1,600 |
| 15 | Fort Wright | $1,598 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 3-bedroom rents than Covington.
| City | Distance | 3-Bedroom rent | vs Covington |
|---|---|---|---|
| Fort Wright, KY | 1.5 mi | $1,598 | +$8 (+1%) |
| Newport, KY | 2.4 mi | $1,540 | $-50 (-3%) |
| Bellevue, KY | 3.7 mi | $1,590 | — |
| Fort Thomas, KY | 4.7 mi | $1,710 | +$120 (+8%) |
| Dayton, KY | 4.9 mi | $1,580 | $-10 (-1%) |
| Cold Spring, KY | 5.8 mi | $1,760 | +$170 (+11%) |
| Cincinnati, OH | 6 mi | $1,702 | +$112 (+7%) |
| Erlanger, KY | 6.8 mi | $1,720 | +$130 (+8%) |
| Norwood, OH | 8.2 mi | $1,640 | +$50 (+3%) |
| Independence, KY | 9.3 mi | $1,990 | +$400 (+25%) |
| Florence, KY | 10.2 mi | $1,900 | +$310 (+19%) |
| Mount Healthy, OH | 11.7 mi | $1,373 | $-217 (-14%) |
3-Bedroom rent in Covington — common questions
How much is a 3-bedroom apartment in Covington?
As of October 2026, the median 3-bedroom apartment rent in Covington, Kentucky is $1,590 per month. This is +5% higher than the citywide median of $1,513.
What income do you need to afford a 3-bedroom in Covington?
Using the standard 30% rent-to-income rule, you would need an annual income of about $63,600 ($5,300/month gross), which works out to roughly $30.58/hour at a full-time job.
Is Covington expensive for a 3-bedroom compared to the rest of the US?
Covington's 3-bedroom median of $1,590 is +25% below the national 3-bedroom median of $2,130. It ranks in the 21th percentile of US cities tracked.
How does Covington rank for 3-bedroom rent in Kentucky?
Among the 37 cities in Kentucky with 3-bedroom data, Covington ranks #21 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Covington?
Yes — nearby cities with cheaper 3-bedroom rents include Newport ($1,540), Dayton ($1,580), Mount Healthy ($1,373).