Photos


















- 1–3 Bedrooms
- $715–$973Rent Pricing
- 667–963Square Feet
About Preakness Apartments
Experience great living at Preakness Apartments in Lexington! We offer a variety of floorplans along with great property amenities such as picnic and playground areas, laundry facilities, and plenty of space for you and your furry friend to get some fresh air around our welcoming community. Each apartment features updated rooms featuring fresh flooring, modern appliances, and contemporary fixtures. Call today to schedule your tour! Ask today about our FREE RENT special for all new residents!
Preakness Apartments is located in the Red Mile Neighborhood and 40504 Zip code of Lexington, KY.
Property Contact Info
Floorplan Pricing and Availability
Preakness Apartments offers 1 to 3 Bedroom apartments starting from $715 and having 667–963 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
1 Bedroom
From $715
Floorplan P11
1 Bed, 1 Bath, 667 sq ftAvailable Apr 11Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $715 April 11, 2025 1718-G17 667 $745 $715 April 11, 2025 731-10 667 $745 $715 April 11, 2025 734-4 667 $745 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Model Rent and Fees
Price
- $715
Deposit
- $745 deposit
Unit 1718-G17 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1718-G17 Rent and Fees
Price
- $715
Deposit
- $745 deposit
Model Rent and Fees
Price
- $715
Unit 731-10 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 731-10 Rent and Fees
Price
- $715
Deposit
- $745 deposit
Model Rent and Fees
Price
- $715
Unit 734-4 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 734-4 Rent and Fees
Price
- $715
Deposit
- $745 deposit
Model Rent and Fees
Price
- $715
Apartment Model: P11From $7151 Bedroom, 1 Bath, 667 sq ftAvailable April 11, 2025P11 - Floorplan 1 P11 - Floorplan 2 P11 - Floorplan 3 P11 - Floorplan 4 Apartment Unit: 1718-G17Apartment Model: P11$7151 Bedroom, 1 Bath, 667 sq ftAvailable April 11, 2025Apartment Unit: 731-10Apartment Model: P11$7151 Bedroom, 1 Bath, 667 sq ftAvailable April 11, 2025Apartment Unit: 734-4Apartment Model: P11$7151 Bedroom, 1 Bath, 667 sq ftAvailable April 11, 2025From $805
P11U
1 Bed, 1 Bath, 667-778 sq ftAvailable Apr 11Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $805 April 11, 2025 1728-507 667 $885 $805 April 18, 2025 1728-506 667 $885 $805 April 28, 2025 1728-311 667 $885 Model Amenities and Features
Unique Features
- Full Renovation Unit
Model Rent and Fees
Price Range
- $805 - $885
Price
- $805
Deposit
- $885 deposit
Unit 1728-507 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1728-507 Rent and Fees
Price
- $805
Deposit
- $885 deposit
Model Rent and Fees
Price
- $805 - $885
Unit 1728-506 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1728-506 Rent and Fees
Price
- $805
Deposit
- $885 deposit
Model Rent and Fees
Price
- $805 - $885
Unit 1728-311 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1728-311 Rent and Fees
Price
- $805
Deposit
- $885 deposit
Model Rent and Fees
Price
- $805 - $885
Apartment Model: P11UFrom $8051 Bedroom, 1 Bath, 667-778 sq ftAvailable April 11, 2025P11U - Floorplan 1 Apartment Unit: 1728-507Apartment Model: P11U$8051 Bedroom, 1 Bath, 667 sq ftAvailable April 11, 2025Apartment Unit: 1728-506Apartment Model: P11U$8051 Bedroom, 1 Bath, 667 sq ftAvailable April 18, 2025Apartment Unit: 1728-311Apartment Model: P11U$8051 Bedroom, 1 Bath, 667 sq ftAvailable April 28, 20252 Bedrooms
Show Unavailable FloorplansFrom $815
Floorplan P21
2 Beds, 1 Bath, 924 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $815 Available Now 1706-3 924 $900 $815 April 7, 2025 1692-7 924 $900 $815 April 7, 2025 1696-1 924 $900 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Model Rent and Fees
Price
- $815
Deposit
- $900 deposit
Unit 1706-3 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1706-3 Rent and Fees
Price
- $815
Deposit
- $900 deposit
Model Rent and Fees
Price
- $815
Unit 1692-7 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1692-7 Rent and Fees
Price
- $815
Deposit
- $900 deposit
Model Rent and Fees
Price
- $815
Unit 1696-1 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1696-1 Rent and Fees
Price
- $815
Deposit
- $900 deposit
Model Rent and Fees
Price
- $815
Apartment Model: P21$8152 Bedroom, 1 Bath, 924 sq ftAvailable NowP21 - Floorplan 1 Apartment Unit: 1706-3Apartment Model: P21$8152 Bedroom, 1 Bath, 924 sq ftAvailable NowApartment Unit: 1692-7Apartment Model: P21$8152 Bedroom, 1 Bath, 924 sq ftAvailable April 7, 2025Apartment Unit: 1696-1Apartment Model: P21$8152 Bedroom, 1 Bath, 924 sq ftAvailable April 7, 2025P21R
2 Beds, 1 Bath, 924 sq ftAvailability Details
Availability Date Unit Sq Ft Unavailable P21R 924 sq ft Model Amenities and Features
Unique Features
- Full Renovation Unit
P21U
2 Beds, 1 Bath, 963 sq ftLargest 2 BedroomThis is the largest 2 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Unavailable P21U 963 sq ft Model Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P21UCall For Rates2 Bedroom, 1 Bath, 963 sq ftUnavailableP21U - Floorplan 1 3 Bedrooms
$973
Floorplan P31
3 Beds, 1 Bath, 924 sq ftAvailable Apr 18Model Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $973 April 18, 2025 1707-1 924 $1,050 Unit 1707-1 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1707-1 Rent and Fees
Price
- $973
Deposit
- $1,050 deposit
Model Rent and Fees
Price
- $973
Apartment Model: P31$9733 Bedroom, 1 Bath, 924 sq ftAvailable April 18, 2025FloorplansPhotosP31 - Image 1 P31 - Image 2 P31 - Image 3 P31 - Image 4 P31 - Image 5 P31 - Floorplan 6 Apartment Unit: 1707-1Apartment Model: P31$9733 Bedroom, 1 Bath, 924 sq ftAvailable April 18, 2025
Schedule a Tour
Property Information
- 222 Units
- 3 Stories
- Built in 1968
- Renovated In 1972
- View Property Website
Lease Terms
- 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 12 months, 13 months
Pet Policy
Pet Policy - Cats
- 2 Pet Limit
- $30 Monthly Pet Rent
- $250 Fee
Pet Policy - Dogs
- $250 Fee
- 100 Lb Weight Limit
- $30 Monthly Pet Rent
- 2 Pet Limit
Pet Policy - Birds
- $30 Monthly Pet Rent
- $250 Fee
- 2 Pet Limit
Fee & Deposit Info
One-Time Fees
- $50 Application Fee
3D Tours
Features and Amenities
Unique Amenities
- Full Renovation Unit
On-Site Services
- Property Manager On Site
- Pet Play Area
- Laundry Facilities
Community Features
- Clubhouse
- Walk Up
Interior Features
- Windows
- Heating
- Tub/Shower
- Air Conditioning
Kitchen Amenities
- Dishwasher
- Oven
- Range
- Refrigerator
- Kitchen
Living Area Features
- Carpet

Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks

Map
Hours and Contact Info
Monday | 9:00 am–5:00 pm |
Tuesday | 9:00 am–5:00 pm |
Wednesday | 9:00 am–5:00 pm |
Thursday | 9:00 am–5:00 pm |
Friday | 9:00 am–5:00 pm |
Saturday | Closed |
Sunday | Closed |
Getting Around
Walk Score®
33 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
30 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Preakness Apartments
Where is Preakness Apartments located?
Preakness Apartments is located at 1707-1724 Versailles Rd near the Red Mile area of Lexington, KY
What is the current rent range at Preakness Apartments?
1 Bedroom to 3 Bedroom Apartments at Preakness Apartments currently range from $715 to $973
When is the leasing office open?
- The office Hours for Preakness Apartments are
- Monday 9:00 am–5:00 pm
- Tuesday 9:00 am–5:00 pm
- Wednesday 9:00 am–5:00 pm
- Thursday 9:00 am–5:00 pm
- Friday 9:00 am–5:00 pm
- Saturday Closed
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Amazing Staff
July 23, 2024The new staff at Preakness Apartments (Ashley and Missy) have really improved lives here. We are able to go in and talk to them. They really seem to care. Any complaints my husband and I have are delt with swiftly.Review from Apartments.com
DO NOT LIVE HERE
December 26, 2023Absolutely disgusting and poor management. The apartment was INFESTED with roaches, there was mold in the bathroom, a hole in the ceiling above the shower that allowed water from the upstairs neighbor's shower to drip into our apartment, and we could hear animals living in the wall. We had sewage back up into our tub and it took management THREE days to do anything about it. We had mentioned the roaches to management multiple times but they didn't even attempt to do anything about it. Our air ...conditioner was out for almost FOUR months and it took multiple messages to management and actually going to their office several times before they did anything about it. I highly recommend you avoid this place.Read MoreReview from Apartments.com
Nearby Schools
James Lane Allen Elementary School
Lafayette High School
Beaumont Middle School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Preakness Apartments.
Arts Museums and Landmarks
Big Box and Retail
Colleges and Universities
Groceries
Hospitals
Parks and Recreation
Preakness Apartments has 2 parks within 3.6 miles, including The Arboretum State Botanical Garden, and Ashland.
Shopping Centers
Preakness Apartments has 5 shopping centers within 1.4 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lexington Studio Apartments | $1,186 | $495 | $2,239 |
Lexington 1 Bedroom Apartments | $1,265 | $570 | $3,979 |
Lexington 2 Bedroom Apartments | $1,502 | $799 | $5,299 |
Lexington 3 Bedroom Apartments | $1,841 | $820 | $6,216 |
Lexington 4 Bedroom Apartments | $2,116 | $1,185 | $2,700 |
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