Zumper
modified
2 Days Ago

Highlights

  • Amazing view
  • Meticulously remodeled
  • Newly remodeled open floor plan
  • New stainless steel appliances
  • Central air

Location

701 Madison Ave, Covington, KY 41011, USA
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Contact

Management

NKY Apartments

Leasing office

(859) 475-0093

Property Overview

701 Madison Avenue Apartments earns a strong overall impression with a 7.1/10 rating, highlighted by an excellent location score and a standout amenities score. It offers a thoughtfully remodeled interior with an open floor plan, new stainless steel appliances, central air, and an amazing view, while also being well positioned for walkable access, dining options, transit, and a lively social setting.

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

Zumper Expert Rating

7.1
Very Good
701 Madison Avenue Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Great for

  • Social life

Floor plans

1BR/1.0BA1 bed1 bath775 sqft$995 /mo1 unit availableLive in the middle of Covington's renaissance, between Braxton Brewery and Hotel Covington! NKY Apartments is excited to offer a recently remodeled one (1) bedroom apartments at 705 Madison Avenue. This apartment is a spacious open floor plan, meticulously remodeled, with an amazing view looking down on Madison . Apartment 1 features tons of natural light, new stainless steel appliances, and central air. Contact us today to set up a tour, 859 475-0093 or Nkyapartments com This apartment won't last long!

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units6
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About 701 Madison Avenue Apartments

HomeApartments in Covington 701 Madison Avenue Apartments

Live in the middle of Covington's renaissance, between Braxton Brewery and Hotel Covington! NKY Apartments is excited to offer a recently remodeled one (1) bedroom apartments at 705 Madison Avenue. This apartment is a spacious open floor plan, meticulously remodeled, with an amazing view looking down on Madison . Apartment 1 features tons of natural light, new stainless steel appliances, and central air. Contact us today to set up a tour, 859 475-0093 or Nkyapartments com This apartment won't last long!


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.
7.1
/10
Very Good
701 Madison Avenue Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 701 Madison Avenue Apartments
Price·6A 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.
701 Madison Avenue Apartments is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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, 701 Madison Avenue Apartments 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.
701 Madison Avenue Apartments 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 701 Madison Avenue Apartments 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.
701 Madison Avenue Apartments 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.

701 Madison Avenue Apartments is great for:

Social life

  • Areas nearby are accessible by walking
  • 142 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • The area has transit options

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 701 Madison Avenue Apartments compares to other nearby properties.

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away

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Rent trends in Covington

1-bedroom apartments at 701 Madison Avenue Apartments cost about 38% less than the average rent price for 1-bedroom apartments in Covington.

Median rents as of Jun 20 2026.
Covington
A table of studio rental data trends in Covington
MonthMedian Rent
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$1,201
February 2026$1,362
March 2026$1,445
April 2026$1,257
May 2026$1,370
June 2026$1,372

Affordability calculator

Can I afford to live at 701 Madison 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

$39,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 1-bedroom monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.

Schools near 701 Madison Avenue Apartments

John G. Carlisle Elementary School

910 holman st

covington, KY, 41011

K-5Public
B-

Biggs Early Childhood Education Center

1124 scott blvd

covington, KY, 41011

PKPublic

Newport School of Innovation

30 west 8th st

newport, KY, 41071

K-12Public

Transformational Learning Center

200 home rd

covington, KY, 41011

K-12Public

Cincinnati Digital Academy

425 ezzard charles dr

cincinnati, OH, 45203

K-12Public
C-
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Internet available near 701 Madison Avenue Apartments

Getting around Covington near 701 Madison Ave

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 701 Madison Ave, Covington

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

3/10
No high schools within a 30-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

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