Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Hardwood floors
  • Gated property
  • Centrally located
  • Vintage building
  • Open green space
  • Laundry facility on-site

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 has received a strong Zumper Expert Rating of 8.6, indicating it is an appealing option for renters. It features hardwood floors, a gated environment, and open green spaces, while also being centrally located with convenient access to essential amenities and services. The property is competitively priced with a 10 out of 10 rating, and stands out for its excellent pet-friendly facilities, further enhancing its desirability.

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, 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
  • Dishwasher
  • Laundry available on site

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath595 sqft$999 /mo1 unit available****Winter Special**** Free rent for months of December & January This cozy 1-bedroom, pet-friendly, 2nd floor apartment has a balcony off of the living room. 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 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. please ask us about our 1/2/3 bedroom flat we have available. Text/call at 513.818.2819 to Schedule an appointment. No Subsidy Rents. Pet Friendly. 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: Large Living Space Spacious Kitchen Space Large Windows providing natural lighting

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Amenities for Martana Flats

Apartment Amenities

BalconyCovered Balcony

Appliances

Dishwasher

Tech

Stove/Refrigerator

Building

Cats OKDogs OK

Services

Water Trash
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.
8.6
/10
Very Good
With a solid 8.6 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·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.
Martana Flats goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Martana Flats 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.
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:

Pet owners

  • Outdoor spaces are available at this property
  • 4 pet supply stores near the property
  • 1 pet grooming service nearby

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
Dishwasher
Dishwasher available in kitchen
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Covington

1-bedroom apartments at Martana Flats cost about 22% less than the average rent price for 1-bedroom apartments in Covington.

Median rents as of Jan 24 2026.
Covington
A table of studio rental data trends in Covington
MonthMedian 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$1,166

Affordability calculator

Can I afford to live at 512 Wallace Ave?

Bedrooms

1 bedroom

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

$39,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,960 annually to afford this 1-bedroom monthly rent price of $999.
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

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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