13 Hours Ago
Highlights
- Private entrance
- Fully remodeled interior
- Shared, fenced-in backyard
Location
2989 Madison Avenue, Covington, Kentucky 41015, United States
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Property Overview
2989 Madison Ave presents an appealing rental option with a Zumper expert rating of 8.3 out of 10, highlighting its strong value and premier amenities. Notable features include a fully remodeled interior and a shared, fenced-in backyard, enhancing the living experience. With competitive pricing and excellent location ratings, it offers convenient access to nearby schools and has an extensive photo gallery for prospective renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- High school nearby
- Middle school nearby
Floor plans
| 0/1 | Studio | 1 bath | $850 /mo | ||||
| 2/1 | 2 bed | 1 bath | $950 /mo |
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Policies and fees
Building details
Property details
| Units | 3 |
|---|
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About 2989 Madison Ave
🏡 For Rent – 2989 Madison Ave, Unit 1, Covington, KYRent: $950/monthStep into this completely remodeled first-floor unit located in a convenient Covington neighborhood. This updated space offers comfort, style, and functionality throughout.✨ Features:Fully remodeled interiorShared, fenced-in backyardFirst-floor unitPrivate entranceTenant pays Duke only$25/month fee added since owner covers water, sewage, and trashSmall pets considered with applicable fees📌 Requirements:Must make 3x the rentDecent credit requiredNo evictions (case-by-case consideration possible)This unit won’t last long — perfect for anyone looking for an affordable, freshly updated home in a great location.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 2989 Madison Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 2989 Madison Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A 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.
2989 Madison Ave stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A 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.
With multiple in-demand amenities, 2989 Madison Ave is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
2989 Madison Ave 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 2989 Madison Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
2989 Madison Ave provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 2989 Madison Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 1 mile away
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Rent trends in Covington
Studio apartments at 2989 Madison Ave cost about 33% less than the average rent price for studios in Covington.
If you decide to upgrade your space, you can expect 2-bedrooms at 2989 Madison Ave to be 30% less than the average for similarly sized apartments in Covington.
Median rents as of Nov 22 2025.
Covington
| Month | Median Rent |
|---|---|
| December 2023 | $1,147 |
| 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 | $1,341 |
| November 2025 | $1,344 |
Affordability calculator
Can I afford to live at 2989 Madison Avenue?
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
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this studio monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near 2989 Madison Ave
Ninth District Elementary School
2800 indiana ave
covington, KY, 41015
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 2989 Madison Ave
Getting around Covington near 2989 Madison Avenue
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
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
3/10
There are a few mass transit options within the area.
Points of interest for 2989 Madison Avenue, Covington
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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