Rent in Covington, OH
A 2-bedroom in Covington, OH (ZIP 45318) typically rents for about $1,000 a month, with a range of $1,000–$1,248. Owner-occupied homes in Miami County pay about 0.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $730 | $730–$909 | 1 |
| 1 bed | $776 | $742–$810 | 1 |
| 2 beds | $1,000 | $1,000–$1,248 | 1 |
| 3 beds | $1,389 | $1,300–$1,478 | 1 |
| 4 beds | $1,430 | $1,430–$1,774 | 1 |
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, OH?
- About $1,000 a month: the median of the typical rents in 1 ZIP code, which range from $1,000–$1,248. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Covington, OH?
- About $776 a month: the median of the typical rents in 1 ZIP code, which range from $742–$810. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Covington, OH?
- About $1,389 a month: the median of the typical rents in 1 ZIP code, which range from $1,300–$1,478. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Covington, OH?
- About $730 a month: the median of the typical rents in 1 ZIP code, which range from $730–$909. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Covington, OH?
- About $1,430 a month: the median of the typical rents in 1 ZIP code, which range from $1,430–$1,774. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Covington, OH?
- Owner-occupied homes in Miami 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 7.24% in the week of Oct 29, 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).