Studio Apartment Rent in Covington, KY
Median asking rent for a studio apartment in Covington, Kentucky as of August 2026. That's +49% lower than the citywide median of $1,614 and +36% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Covington
Compare Covington's median rent across every apartment size.
Cheapest cities for a studio in Kentucky
| # | City | Studio rent |
|---|---|---|
| 1 | Morehead | $630 |
| 2 | Bardstown | $660 |
| 3 | Paducah | $720 |
| 4 | Nicholasville | $730 |
| 5 | Versailles | $730 |
| 6 | Winchester | $730 |
| 7 | Richmond | $740 |
| 8 | Murray | $770 |
| 9 | Georgetown | $780 |
| 10 | Lawrenceburg | $780 |
| 11 | Hopkinsville | $800 |
| 12 | Newport | $800 |
| 13 | Radcliff | $800 |
| 14 | Bellevue | $820 |
| 15 | Dayton | $820 |
Most expensive cities for a studio in Kentucky
| # | City | Studio rent |
|---|---|---|
| 1 | Prospect | $1,510 |
| 2 | Hebron | $1,150 |
| 3 | Burlington | $1,080 |
| 4 | Louisville | $1,061 |
| 5 | Vine Grove | $1,060 |
| 6 | La Grange | $1,030 |
| 7 | Independence | $1,030 |
| 8 | Florence | $980 |
| 9 | Shelbyville | $940 |
| 10 | Shepherdsville | $930 |
| 11 | Elizabethtown | $910 |
| 12 | Oak Grove | $890 |
| 13 | Fort Thomas | $890 |
| 14 | Erlanger | $890 |
| 15 | Bowling Green | $890 |
Nearby cities — studio rent
Considering nearby alternatives? 3 of these cities have cheaper studio rents than Covington.
| City | Distance | Studio rent | vs Covington |
|---|---|---|---|
| Newport, KY | 2.4 mi | $800 | $-25 (-3%) |
| Bellevue, KY | 3.7 mi | $820 | $-5 (-1%) |
| Fort Thomas, KY | 4.7 mi | $890 | +$65 (+8%) |
| Dayton, KY | 4.9 mi | $820 | $-5 (-1%) |
| Cincinnati, OH | 6 mi | $878 | +$53 (+6%) |
| Erlanger, KY | 6.8 mi | $890 | +$65 (+8%) |
| Norwood, OH | 8.2 mi | $850 | +$25 (+3%) |
| Independence, KY | 9.3 mi | $1,030 | +$205 (+25%) |
| Florence, KY | 10.2 mi | $980 | +$155 (+19%) |
| Reading, OH | 12.1 mi | $879 | +$54 (+7%) |
| Hebron, KY | 13.1 mi | $1,150 | +$325 (+39%) |
| Kenwood, OH | 14.4 mi | $947 | +$122 (+15%) |
Studio rent in Covington — common questions
How much is a studio apartment in Covington?
As of August 2026, the median studio apartment rent in Covington, Kentucky is $825 per month. This is +49% below the citywide median of $1,614.
What income do you need to afford a studio in Covington?
Using the standard 30% rent-to-income rule, you would need an annual income of about $33,000 ($2,750/month gross), which works out to roughly $15.87/hour at a full-time job.
Is Covington expensive for a studio compared to the rest of the US?
Covington's studio median of $825 is +36% below the national studio median of $1,290. It ranks in the 11th percentile of US cities tracked.
How does Covington rank for studio rent in Kentucky?
Among the 34 cities in Kentucky with studio data, Covington ranks #16 from cheapest to most expensive.
Are there cheaper studio options near Covington?
Yes — nearby cities with cheaper studio rents include Newport ($800), Bellevue ($820), Dayton ($820).