KY/Kenton County/COVINGTON
COVINGTON, KY
CitySAFMR
Kenton County
Found 4 ZIPs
BRFMR
Eff. Rent
0 BR$800 – $980$800 – $980
1 BR$880 – $1,080$880 – $1,080
2 BR$1,130 – $1,390$1,130 – $1,390
3 BR$1,490 – $1,830$1,490 – $1,830
4 BR$1,650 – $2,030$1,650 – $1,940
5 BR$2,087
6 BR$2,400
7 BR$2,760
8 BR$3,174

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 1 ZIP
0.63ratio
FMR$910
Market$1,440
vs market-$530

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 2 ZIPs
0.75–0.76ratio range
Median FMR$825
Median Market$1,090
vs market-$265

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
Studio· 1 ZIP
0.83ratio
FMR$980
Market$1,180
vs market-$200

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
0.63–0.83
1 BR
1 BR· 1 ZIP
0.68ratio
FMR$1,000
Market$1,480
vs market-$480

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 1 ZIP
0.72ratio
FMR$930
Market$1,300
vs market-$370

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 1 ZIP
0.75ratio
FMR$880
Market$1,170
vs market-$290

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 1 ZIP
0.80ratio
FMR$1,080
Market$1,350
vs market-$270

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
0.68–0.80
2 BR
2 BR· 1 ZIP
0.67ratio
FMR$1,290
Market$1,920
vs market-$630

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 2 ZIPs
0.82–0.86ratio range
Median FMR$1,165
Median Market$1,385
vs market-$220

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
2 BR· 1 ZIP
0.97ratio
FMR$1,390
Market$1,430
vs market-$40

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.67–0.97
3 BR
3 BR· 1 ZIP
0.79ratio
FMR$1,700
Market$2,140
vs market-$440

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
0.82ratio
FMR$1,490
Market$1,810
vs market-$320

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
0.86ratio
FMR$1,580
Market$1,830
vs market-$250

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
0.92ratio
FMR$1,830
Market$1,980
vs market-$150

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.79–0.92
4 BR
4 BR· 1 ZIP
0.80ratio
FMR$1,880
Market$2,350
vs market-$470

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
0.85ratio
FMR$1,650
Market$1,940
vs market-$290

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
0.91ratio
FMR$1,750
Market$1,930
vs market-$180

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
4 BR· 1 ZIP
1.05ratio
FMR$2,030
Market$1,940
vs market+$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.80–1.05
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for COVINGTON, KY (KY) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.