Apply to Covington Apartment Waiting Lists

Lincoln Grant Scholar House

824 Greenup St
Covington, Kentucky
Call For Rent
1 BR

Thomas Edison School Apartments

1516 Scott Blvd
Covington, Kentucky
Call For Rent
1-3 BR

Hathaway Court Apartments

1200 Highway Ave
Covington, Kentucky
Call For Rent
1 BR
Rent Assisted

WH MainStrasse Apartments

414 W. 6th
Covington, Kentucky

Cambridge Square Covington

101 Promontory Dr
Covington, Kentucky
Rent Assisted

Eastside Revitalization

Scattered Sites
Covington, Kentucky

River's Edge at Eastside Pointe

1028 Greenup Street
Covington, Kentucky

WH MainStrasse Apartments

831 Bakewell Street
Covington, Kentucky

Panorama Apartments East

Brent Spence Sq
Covington, Kentucky

Bismarck Apartments

PO Box 175828
Covington, Kentucky
Rent Assisted

There are 500 low-income apartments in Covington that offer reduced rents to eligible households.

Rental assistance programs support 1,694 low-income homes in Covington where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $275 towards rent each month.

Showing Results 1-10

Affordable rent data for some communities last confirmed on September 7th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Covington, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Housing Authority of Covington - Public Housing Public Housing
Housing Authority of Covington - Section 8 Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Covington.

Covington, Kentucky Affordable Housing Data

Income Based Apartments in Covington, Kentucky

Covington features 1,694 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Covington, Kentucky

There are 500 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Covington.

Housing Choice Vouchers in Covington, Kentucky

On average, Section 8 Housing Choice vouchers pay Covington landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Covington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Covington, Kentucky for a two-bedroom apartment is between $984 and $1,202.

2023 Covington, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Covington, Kentucky Fair Market Rent $731 $839 $1,093 $1,464 $1,645
Covington, Kentucky Payment Standard Range $658 to $804 $755 to $923 $984 to $1,202 $1,318 to $1,610 $1,481 to $1,810

Sourced from federal housing data and research.

Covington, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 34
Total Low Income Apartments 2,194
Total Housing Units with Rental Assistance 1,694
Percentage of Housing Units Occupied By Renters 50.66%
Average Renter Household Size 2.28
Average Household Size 2.36
Median Household Income $35,664 ±$2,355
Median Rent $674 ±$18
Percentage Of Renters Overburdened 50.19% ± 3.88pp
Total Population 40,845

Population and Household Demographics

Covington is a city in Kenton County, Kentucky with a population of 40,845. There are 16,746 households in the city with an average household size of 2.36 persons. 50.66% of households in Covington are renters.

Income and Rent Overburden in Covington

The median gross income for households in Covington is $35,664 a year, or $2,972 a month. The median rent for the city is $674 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Covington, a household making less than $2,247 a month would be considered overburdened when renting an apartment at or above the median rent. 50.19% of households who rent are overburdened in Covington.

Area Median Income In Covington

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Covington, the AMI is calculated from all households within Kenton County.

In Covington, HUD calculates the Area Median Income for a family of four as $103,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Covington

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Covington

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Covington AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,250 $24,300 $27,350 $30,350 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Covington AMI may qualify for rental assistance programs that target Very Low Income households.
$35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750
80% AMI Income Limits
Renters earning up to 80% of the Covington AMI may qualify for rental assistance programs that target Low Income households.
$56,650 $64,750 $72,850 $80,900 $87,400 $93,850 $100,350 $106,800