Rent in Covington, KY
Across Covington's 4 ZIP codes, a 2-bedroom typically rents for about $1,297 a month, with figures from $1,069–$1,530. The highest typical rent is in 41011 ($1,386) and the lowest in 41014 ($1,180). Owner-occupied homes in Kenton County pay about 0.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $970 | $860–$1,120 | 4 |
| 1 bed | $987 | $678–$1,200 | 4 |
| 2 beds | $1,297 | $1,069–$1,530 | 4 |
| 3 beds | $1,765 | $1,277–$2,010 | 4 |
| 4 beds | $1,958 | $1,699–$2,270 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Covington ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Covington, KY?
- About $1,297 a month: the median of the typical rents in 4 ZIP codes, which range from $1,069–$1,530. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Covington, KY?
- About $987 a month: the median of the typical rents in 4 ZIP codes, which range from $678–$1,200. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Covington, KY?
- About $1,765 a month: the median of the typical rents in 4 ZIP codes, which range from $1,277–$2,010. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Covington, KY?
- About $970 a month: the median of the typical rents in 4 ZIP codes, which range from $860–$1,120. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Covington, KY?
- About $1,958 a month: the median of the typical rents in 4 ZIP codes, which range from $1,699–$2,270. Figures are gross rent (rent plus tenant-paid utilities).
- Which Covington ZIP code has the highest rent?
- For a 2-bedroom, 41011 has the highest typical rent at $1,386 a month, and 41014 the lowest at $1,180.
- What is the property tax rate in Covington, KY?
- Owner-occupied homes in Kenton County pay a typical 0.98% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Covington rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).