Zumper
modified
6 Hours Ago

Highlights

  • Large rooms
  • Private entry
  • Laundry hook-ups
  • W/d hookups
  • Spacious layout
  • Exposed brick

Location

7 Wallace Ave, Covington, KY 41014, USA
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Contact

Management

Gastright Properties

Leasing office

(859) 663-8531

Property Overview

7 Wallace Avenue stands out with its large rooms, private entry, and spacious layout, complemented by laundry hook-ups and exposed brick accents. With an excellent overall Zumper rating of 8.6, the property offers exceptional value, highlighted by a competitive price rating of 10 and an impressive amenities rating of 9. Its prime location near popular points of interest and transportation enhances its appeal, while the transparency in its description promotes a trustworthiness rating of 8, making it a reliable choice for renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, 7 Wallace Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 7 Wallace Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Dishwasher

Great for

  • Pet owners

Floor plans

2BR/2.0BA2 bed2 bath810 sqft$1,225 /mo1 unit availableWelcome to the desirable Wallace Woods neighborhood in Covington, KY! This beautiful fully renovated 2 bed 2 bath second floor apartment offers a unique blend of historic charm and modern convenience. Boasting all hardwood floors, original wood trim, exposed brick, and a gorgeous wood carved mantle, this apartment exudes tons of character. Enjoy the spacious layout with large rooms and tall windows that flood the space with natural light, all window blinds are included. The large kitchen island is perfect for meal prep and entertaining. There are two full bathrooms including a private ensuite bath in the primary bedroom with new finishes and fixtures. Additional amenities include a shared backyard, private entry, w/d hookups and central air! Don't miss out on this opportunity to call this stunning apartment home. This is a must see and will not last long on our vacancy list so make an appointment as soon as you can! This property has street parking. Tenants are responsible for paying the gas and electricity. Owner pays water, sanitation, and trash collection fees. Laundry: As of October 2025, There are hook-ups in the basement with a w/d set being shared, with future plans of two sets of hook ups. For additional info including a link to our online rental application, please visit GASTRIGHTPROPERTIES COM Requirements to qualify include verifiable monthly income for at least 3x the rent and can pass a credit and background check. Sorry, or co-signers accepted. Cats are welcome with an additional $150 pet deposit.

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Amenities for 7 Wallace Avenue

Appliances

DishwasherRange
RefrigeratorStove

Building

Cats OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog Policy

Not allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units2
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About 7 Wallace Avenue

HomeApartments in Covington 7 Wallace Avenue

Welcome to the desirable Wallace Woods neighborhood in Covington, KY! This beautiful fully renovated 2 bed 2 bath second floor apartment offers a unique blend of historic charm and modern convenience. Boasting all hardwood floors, original wood trim, exposed brick, and a gorgeous wood carved mantle, this apartment exudes tons of character. Enjoy the spacious layout with large rooms and tall windows that flood the space with natural light, all window blinds are included. The large kitchen island is perfect for meal prep and entertaining. There are two full bathrooms including a private ensuite bath in the primary bedroom with new finishes and fixtures. Additional amenities include a shared backyard, private entry, w/d hookups and central air! Don't miss out on this opportunity to call this stunning apartment home. This is a must see and will not last long on our vacancy list so make an appointment as soon as you can! This property has street parking. Tenants are responsible for paying the gas and electricity. Owner pays water, sanitation, and trash collection fees. Laundry: As of October 2025, There are hook-ups in the basement with a w/d set being shared, with future plans of two sets of hook ups. For additional info including a link to our online rental application, please visit GASTRIGHTPROPERTIES COM Requirements to qualify include verifiable monthly income for at least 3x the rent and can pass a credit and background check. Sorry, or co-signers accepted. Cats are welcome with an additional $150 pet deposit.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, 7 Wallace Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 7 Wallace Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 7 Wallace Avenue
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
7 Wallace Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
7 Wallace Avenue goes above and beyond to provide sought-after conveniences and desirable perks, including cats allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 7 Wallace Avenue receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
7 Wallace Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 7 Wallace Avenue does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

7 Wallace Avenue is great for:

Pet owners

  • 1 pet grooming service nearby
  • 3 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 7 Wallace Avenue compares to other nearby properties.

Positives

High school nearby
There is a high school 0.3 mile away
Dishwasher
Dishwasher available in kitchen

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Covington

2-bedroom apartments at 7 Wallace Avenue cost about 14% less than the average rent price for 2-bedroom apartments in Covington.

Median rents as of Oct 18 2025.
Covington
A table of studio rental data trends in Covington
MonthMedian Rent
November 2023$960
December 2023$1,095
January 2024$1,322
February 2024$1,340
March 2024$1,307
April 2024$1,253
May 2024$1,232
June 2024$1,222
July 2024$1,301
August 2024$1,219
September 2024$1,267
October 2024$1,066
November 2024$937
December 2024$1,053
January 2025$1,158
February 2025$1,077
March 2025$1,089
April 2025$1,243
May 2025$1,279
June 2025$1,253
July 2025$1,190
August 2025$1,239
September 2025$1,325
October 2025$1,333

Affordability calculator

Can I afford to live at 7 Wallace Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$49,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,000 annually to afford this 2-bedrooms monthly rent price of $1,225.
For more information on rent affordability, visit our rent calculator.

Schools near 7 Wallace Avenue

Sixth District Elementary School

19th and maryland

covington, KY, 41014

K-5Public
C

Biggs Early Childhood Education Center

1124 scott blvd

covington, KY, 41011

PKPublic

Transformational Learning Center

200 home rd

covington, KY, 41011

K-12Public
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Internet available near 7 Wallace Avenue

Getting around Covington near 7 Wallace Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 7 Wallace Ave, Covington

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

3/10
Few or no cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

Explore the area around 7 Wallace Ave

J One Market
1928 Madison Ave
Garrard Market LLC
1829 Garrard St
Bill's Food Market
308 W 19th St
Kroger
1525 Madison Ave
Woodburn Market
1601 Woodburn Ave

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