5+ Days Ago
Highlights
- Private entrance
- Fully remodeled interior
- Shared, fenced-in backyard
Location
2989 Madison Ave, Covington, KY 41015, USA
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Property Overview
2989 Madison Ave features a private entrance and a fully remodeled interior, complemented by a shared fenced-in backyard. With a Zumper Expert Rating of 8.5, a price score of 10, and location and amenities ratings of 9 each, this property offers exceptional value and convenience. Additionally, nearby top-rated schools enhance the appeal, making the property an attractive option for potential renters seeking quality living in a well-connected area.
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 | $795 /mo |
Let's explore this property.
Amenities for 2989 Madison Ave
Apartment Amenities
| Central Heat | Hardwood Floor |
| Heating |
Appliances
| Range | Refrigerator |
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
Applicants
Application Fee
One-time.
Contact Property
REQUIRED FEES
Admin Fee
One-time.
$50
Security Deposit
One-time. Refundable.
Contact Property
Questions about this property’s 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 feesRequirements: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.
8.5
/10
Very GoodWith a solid 8.5 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·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.
2989 Madison Ave 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.
2989 Madison Ave goes above and beyond to provide sought-after conveniences and desirable perks, including central heat. Renters looking for popular or luxurious features will find them here—and for that reason, 2989 Madison Ave 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.
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 31% less than the average rent price for studio apartments in Covington.
Median rents as of Jan 17 2026.
Covington
| Month | Median Rent |
|---|---|
| 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 | $1,330 |
| December 2025 | $1,132 |
| January 2026 | $1,150 |
Affordability calculator
Can I afford to live at 2989 Madison Ave?
Bedrooms
StudioRent-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
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this studio monthly rent price of $795.
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 Ave
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 Ave, 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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