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Updated 3 Days Ago

Highlights

  • Pet Friendly
  • Laundry facility on-site
  • Spacious kitchen space
  • Large living space
  • Gated property, beautiful green space
  • Large windows providing natural lighting

Location

512 Wallace Ave, Covington, KY 41014, USA
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Contact

Management

Alaya Management Services LLC

Leasing office

(513) 818-2819

Property Overview

Martana Flats earns a strong overall impression with an 8.8 rating, standout amenities, and a competitive price, along with a highly convenient location and trustworthy property details. It offers practical advantages like on-site laundry, a spacious kitchen, large living areas, gated grounds, green space, and abundant natural light, plus it is noted for value per square foot, nearby pet services, and work-from-home friendly features.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, Martana Flats is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Martana Flats 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
  • More space
  • Dishwasher

Great for

  • Work-from-home
  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath550 sqft$899 /mo1 unit availableThis quiet, third-floor apartment has hardwood floors and lots of natural lighting. Qualifications include a credit score above 625, no evictions or criminal record in the past 5 years, and gross monthly income 3 times rent. Call 513-818-2818 for showings. The property is centrally located to all major highways and shopping for your convenience and accessibility. It is a 20 minute drive to Florence and Clifton. It is located 10 minutes away from Downtown Covington/Cincinnati and Newport, Kentucky! It is also a short drive to Northern Kentucky University. Martana Flats offers beautiful apartments located in the Historic area of Covington, KY. Peaceful residential street with wonderful open green space available for your enjoyment. This marvelous vintage building has beautiful wood work and hardwood floors throughout for a very architectural feel. Martana Flats offers a variety of apartment floor plans and styles for everyone's wants, needs and desires. Schedule an appointment today to tour your new home options. Property Amenities Available: Baseboard Heat. Beautiful Green Space Amazing wood work and character Secured Entrances Laundry Facility On-Site Beautiful Curb Appeal Historic Area Off Street Parking On Street Parking Nice Neighborhood Apartment Amenities: New Stainless Steel Fridge 06/2019. Open Floor Plan Beautiful Hardwood Floors Large Living Space Large Balcony Access Spacious Kitchen Space Nice Closet Space throughout unit Large Windows providing natural lighting
2BR/1.0BA2 bed1 bath635 sqft$1,099 /mo1 unit availableTwo-bedroom, pet-friendly, 2nd floor apartment in Wallace Woods area of Covington. Hardwood floors, plenty of closet space, and a balcony off the living room. Spacious, landscaped courtyard, accent walls newly renovated. To schedule your appointment, please text/call 513-818-2818

Let's explore this property.

Amenities for Martana Flats

Apartment Amenities

Air ConditioningBalcony
Baseboard HeatCovered Balcony

Appliances

DishwasherGas Range
Window AC

Tech

Stove/Refrigerator

Building

Cats OKDogs OK
Onsite Laundry

Services

Water Trash

Other

Water, Trash, & Sewer
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

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units32
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About Martana Flats

HomeApartments in Covington Martana Flats

The property is centrally located to all major highways and shopping for your convenience and accessibility. It is a 20 minute drive to Florence and Clifton. It is located 10 minutes away from Downtown Covington/Cincinnati and Newport, Kentucky! It is also a short drive to Northern Kentucky University. Martana Flats offers beautiful apartments located in the Historic area of Covington, KY. Peaceful residential street with wonderful open green space available for your enjoyment. This marvelous vintage building has beautiful wood work and hardwood floors throughout for a very architectural feel. Martana Flats offers a variety of apartment floor plans and styles for everyone's wants, needs and desires. If a 3 bedroom flat is not exactly what you are looking for please ask us about our 1 and 2 bedroom flats we have available. Qualifications include at Experian. com credit score of 600, gross monthly income 2.5-3 times rent, and no eviction or criminal convictions in past 5 years. Call / Text (513) 818-2818 to schedule a showing today. Property Amenities Available: Gated property Beautiful Green Space Amazing wood work and character Secured Entrances Laundry Facility On-Site Beautiful Curb Appeal Historic Area Off Street Parking On Street Parking Nice Neighborhood Apartment Amenities: Open Floor Plan Large Living Space Large Balcony Access Spacious Kitchen Space Nice Closet Space throughout unit Large Windows providing natural lighting


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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Martana Flats is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Martana Flats 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 Martana Flats
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.
Martana Flats 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·10A 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.
Martana Flats stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Martana Flats 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 Martana Flats 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.

Martana Flats is great for:

Work-from-home

  • Large windows for natural lighting
  • Utilities included in the rent
  • Quiet environment with little noise pollution
  • 1 office supply store within 1 mile

Pet owners

  • Outdoor spaces are available at this property
  • 2 pet grooming services 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 Martana Flats compares to other nearby properties.

Positives

High school nearby
There is a high school 0.3 mile away
More space
The 1-bedroom is 173 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.3 mile away

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Rent trends in Covington

1-bedroom apartments here are priced 37% lower than 1-bedrooms in Covington.

If you decide to upgrade your space, you can expect 2-bedrooms at Martana Flats to be 39% less than the average for similarly sized apartments in Covington.

Median rents as of Aug 1 2026.
Covington
A table of studio rental data trends in Covington
MonthMedian Rent
August 2024$1,247
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$1,201
February 2026$1,362
March 2026$1,445
April 2026$1,257
May 2026$1,370
June 2026$1,391
July 2026$1,475
August 2026$1,485

Affordability calculator

Can I afford to live at 512 Wallace Ave?

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

$35,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,960 annually to afford this 1-bedroom monthly rent price of $899.
For more information on rent affordability, visit our rent calculator.

Schools near Martana Flats

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

Southgate Public School

6 william f blatt ave

southgate, KY, 41071

PK, K-8Public
C

Newport School of Innovation

30 west 8th st

newport, KY, 41071

K-12Public

Transformational Learning Center

200 home rd

covington, KY, 41011

K-12Public
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Internet available near Martana Flats

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Covington near 512 Wallace Ave

Walking

6/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Transit

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

Points of interest for 512 Wallace Ave, Covington

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

3/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

9/10
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

7/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within walking distance

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