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Home / Cincinnati Area Apartments / Covington / Martana Flats
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Updated 2 hours ago

Martana Flats


500-518 Wallace Ave Covington, KY

1 - 3 Bed
•
1 - 2 Bath

0 - 900 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$899
550 ft2
1 Available
Managed By: Alaya Management Services
518/06
$899
Available Apr 10th, 2026
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View Rented Units
1 Bed • 1 Bath
$899
750 ft2
1 Available
Managed By: Alaya Management Services
518/11
$899
Available Apr 10th, 2026
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2 Beds • 1 Bath
$999
800 ft2
1 Available
Managed By: Alaya Management Services
518/01
$999
Available Now
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2 Beds • 2 Bath
$1,099
900 ft2
1 Available
Managed By: Alaya Management Services
512/18
$1,099
Available May 10th, 2026
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3 Beds • 2 Bath
$1,349
Size: N/A
1 Available
Managed By: Alaya Management Services
518/09
$1,349
Available Apr 15th, 2026
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View Rented Units
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Where you'll live
Street View
Map View
Satellite View
Martana Flats
Martana Flats
Martana Flats
Location ratings
Walk Score®
33
Car-Dependent
Transit Score®
34
Some Transit
Bike Score®
50
Bikeable
Amenities
On-site Laundry
Air Conditioning
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Water Included
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Dishwasher
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Surface Parking
Garage - Attached
Lease & Fees
Security Deposit:

899 - 1349

Property details
Description

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

Additional Details
Total Unit Count: 32
Last Updated: Updated 2 hours ago
Contact Number: (513) 818-2819
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Cincinnati Bell Inc. 1000.0 250.0
Charter Communications 940.0 35.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
Cincinnati Bell Inc. 10.0 1.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Martana Flats by bedroom type below.
1 Bedroom
Suggested income:
$32,400
per year
2 Bedroom
Suggested income:
$37,800
per year
Rent report

Martana Flats Rent vs. Covington Average

 Martana Flats      Covington Average
1BR
$899
$1,343
$0
$450
$900
$1,350
$1,800
2BR
$1,049
$1,978
$0
$650
$1,300
$1,950
$2,600

Martana Flats is asking 33% less than the average 1 bedroom apartment in Covington.

If you upsized to an average priced Covington 2 bedroom apartment, you would pay 32% more per month.

If you downsized to an average priced Covington studio apartment, you would pay 23% more per month.

Martana Flats provides 11% less square footage than the average Covington 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Martana Flats
1BR $899 $1.40 $2,697
2BR $1,049 $1.20 $3,147
Covington Average
Studio $1,739 $5.80 $5,217
1BR $1,343 $1.80 $4,030
2BR $1,978 $1.70 $5,934
3BR $1,893 $1.30 $5,678
4BR $1,875 $1.10 $5,625

Availability in Covington

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 43 1BR units on the market in Covington. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 47% 38% 9% 1%
Available Units in Covington
Studio 4
1BR 43
2BR 35
3BR 8
4BR 1
Location
Nearby Colleges

Northern Kentucky University

University of Cincinnati

Xavier University

Cincinnati State Technical and Community College

Nearby Hospitals
Name Distance
St. Elizabeth Covington 1.16 mi.
St. Elizabeth Ft. Thomas 1.87 mi.
Northkey Community Care Intensive Services 2.01 mi.
Nearby Fire Stations
Name Distance
Covington Fire Department 1.01 mi.
Fort Wright Fire Department 1.01 mi.
Covington Fire Department 1.16 mi.
FAQs
Is this property currently leasing units?
Yes. There are 5 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 550 to 900 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $899 to $1,349. Martana Flats has 1 bedroom units available starting at $899, 2 bedroom units available starting at $999, and 3 bedroom units available starting at $1,349.
Where is this property located?
This property is at 500-518 Wallace Ave in Covington, KY. It's 1.0 miles south from the center of Covington.
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