This 2nd floor apartment with 5 huge rooms boasts hardwood floors, gorgeous wood detailing, and 3 original carved wood mantles. Large expansive windows adorn this apt in the front of the building. Location is everything with this apt 3 blocks from the shops and restaurants in bustling downtown Covington and Mainstrasse Village.
This apartment is perfect for a single, couple, or 3 roommates. The kitchen is large with plenty of space for a table to entertain your guests. There are several huge closets throughout the apartment, and some storage space is available in the basement where coin operated washer and dryer are conveniently located as well. This historic building has all the charm of a beautifully restored building.
Application fee is $50. Sorry, no Choice Housing Vouchers accepted at this property. Must have verifiable monthly income of at least 3x the rent and can pass a credit and background check to qualify. This building is non-smoking, has street parking, coin operated W/D in the shared basement, and cats are welcome with an additional $150 pet deposit. Small dogs 25 lbs or less are welcome with an additional $300 pet deposit. Large dogs are welcome with a $500 pet deposit.
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Property Summary
Property Type:
Apartment
Rental Fee:
$2,200
Bedrooms:
3 beds
Bathrooms:
1 bath
Size:
1,200 sqft
Pets:
Inquire
Laundry:
On site
Parking:
Inquire
Available:
November 20, 2026
ID:
84727976
Amenities
•Water Included
•Laundry Facilities
•Air Conditioning
•Dishwasher
•Balcony/Patio
•Hardwood Floors
•Refrigerator
•Smoke-Free
•Storage
Leasing Information
Fees
•Deposit $2,200 (mandatory, refundable, move-in).
Additional Details
This 3-bedroom, 1-bathroom apartment at 123 W 5th St in Covington, KY 41011 rents for $2,200 a month. It has 1,200 square feet. 123 W 5th St was advertised by Gastright Properties on November 13, 2026.
Rent History
This home was last listed for rent on RentalSource from September to October 2026 for $2,000. Today's rent is $200 higher.
Rent history for this home, newest first
Date
Event
Rent
Change
November 13, 2026
Listed for rent
$2,200+10.0%
+10.0%
October 5, 2026
Listing removed
$2,000
September 16, 2026
Listed for rent
$2,000+17.6%
+17.6%
August 22, 2025
Listing removed
$1,700
August 11, 2025
Listed for rent
$1,700+6.3%
+6.3%
July 30, 2024
Listing removed
$1,600
June 22, 2024
Listed for rent
$1,600+7.0%
+7.0%
November 12, 2023
Listing removed
$1,495
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 123 W 5th St?
Bedrooms
3 bedrooms
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Recommended income
$88,000 /year
With your chosen rent-to-income ratio, an annual income of $88,000 is recommended to comfortably afford this 3-bedroom rental priced at $2,200 per month.
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