Rent by ZIP · Kenton County
Rent in Covington, KY 41016
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,300 (+15% vs FY2026). Renters in this ZIP code pay a median $1,138 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $950 | $800 | +18.8% | $855–1,045 | – |
| 1 bedroom | $1,020 | $880 | +15.9% | $918–1,122 | $678 ±$20 |
| 2 bedrooms | $1,300 | $1,130 | +15% | $1,170–1,430 | $1,126 ±$61 |
| 3 bedrooms | $1,710 | $1,490 | +14.8% | $1,539–1,881 | $2,123 ±$1,487 |
| 4 bedrooms | $1,930 | $1,650 | +17% | $1,737–2,123 | $2,063 ±$1,332 |
Small Area FMRs for the Cincinnati, OH-KY-IN HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Cincinnati, OH-KY-IN HUD Metro FMR Area, 2 bedrooms: $1,442.
What renters pay in 41016
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 41015 | Latonia | $1,320 | $1,038 |
| 41017 | Ft Mitchell | $1,320 | $1,108 |
| 41014 | Covington | $1,290 | $1,069 |
| 41018 | Erlanger | $1,380 | $1,053 |
| 41011 | Covington | $1,530 | $1,241 |
| 41010 | Corinth | $1,150 | $681 |
Fair Market Rents across Kenton County, KY · All KY counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.