Preakness Apartments

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1707-1724 Versailles Rd, Lexington, KY 40504
(859) 413-4543
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Contact

Preakness Apartments

1707-1724 Versailles Rd
Lexington, KY 40504
(859) 413-4543
Preakness Apartments in Lexington, KY - Building Photo
  • 1–3 Bedrooms
  • $715–$973Rent Pricing
  • 667–963Square Feet

Rent Specials

April 2025 Special~~Move In by 4/25/25 and get $200 OFF May's Rent!

Ask Us About Our Specials

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:

  • 1 Bedroom

    From $715

    Floorplan P11

    1 Bed, 1 Bath, 667 sq ftAvailable Apr 11

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $715 April 11, 2025731-10667$745
    $715 April 11, 2025734-4667$745
    $715 April 18, 2025730-12667$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 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

    Unit 730-12 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unique Features

    • Full Renovation Unit

    Unit 730-12 Rent and Fees

    Price

    • $715

    Deposit

    • $745 deposit

    Model Rent and Fees

    Price

    • $715

    From $805

    P11U

    1 Bed, 1 Bath, 667-778 sq ftAvailable Apr 11

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $805 April 11, 20251728-507667$885
    $805 April 18, 20251728-506667$885
    $805 April 28, 20251728-311667$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

  • 2 Bedrooms

    From $815

    Floorplan P21

    2 Beds, 1 Bath, 924 sq ftAvailable Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $815Available Now1692-7924$900
    $815Available Now1696-1924$900
    $815 April 11, 20251692-1924$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 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

    Unit 1692-1 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unique Features

    • Full Renovation Unit

    Unit 1692-1 Rent and Fees

    Price

    • $815

    Deposit

    • $900 deposit

    Model Rent and Fees

    Price

    • $815

    P21R

    2 Beds, 1 Bath, 924 sq ft 

    Availability Details

    Availability DateUnitSq Ft
    UnavailableP21R924 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 Property 

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    UnavailableP21U963 sq ft

    Model Amenities and Features

    Unique Features

    • Full Renovation Unit
    Show Unavailable Floorplans

  • 3 Bedrooms

    $973

    Floorplan P31

    3 Beds, 1 Bath, 924 sq ftAvailable Apr 18

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $973 April 18, 20251707-1924$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
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (859) 413-4543 to schedule a tour.

Property Information

Lease Terms

  • 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 12 months, 13 months
Ask About Our Lease Terms

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
Ask Us About Our Pet Policy

Fee & Deposit Info

One-Time Fees

  • $50 Application Fee

3D Tours

3BR, 1BA
2BR, 1BA

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
Ask About Our Amenities
Google Map

Map

1707-1724 Versailles Rd, Lexington, KY 40504

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(859) 413-4543
Monday9:00 am–5:00 pm
Tuesday9:00 am–5:00 pm
Wednesday9:00 am–5:00 pm
Thursday9:00 am–5:00 pm
Friday9:00 am–5:00 pm
SaturdayClosed
SundayClosed
Ask About Live Online Tours

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

Are there any rent specials?

The current rent special at Preakness Apartments is: April 2025 Special~~Move In by 4/25/25 and get $200 OFF May's Rent!.

Lifestyle Ratings

  • Cost Per Sq.Ft. 3.2

    The Cost Per Square Foot rating shows you the average cost per square foot for floorplans at this community in relation to the local average.

  • Affordability Nice Value3.4

    The Preakness Apartments Apartments are 46.77% cheaper than the average apartment in the Red Mile area, and 45.93% cheaper than the average apartment city-wide.

    Rent Comparison to the Red Mile Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$715$1,358-$643-47.3%
    2 Bedroom$815$1,481-$666-45.0%
    3 Bedroom$973$1,872-$899-48.0%

    Rent Comparison to the city of Lexington

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$715$1,287-$572-44.4%
    2 Bedroom$815$1,520-$705-46.4%
    3 Bedroom$973$1,837-$864-47.0%

    Methodology: On 04/07/2025, ApartmentHomeLiving.com compared current rents by floorplan to 102 other apartment communities in the immediate area around Preakness Apartments (Red Mile), and 803 other apartment communities in Lexington using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 04/07/2025

Learn more about Lifestyle Search

Renters Reviews and Ratings

3.9
2 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

  • Amazing Staff

    July 23, 2024
    The 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, 2023
    Absolutely 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 More
    Review from Apartments.com

Nearby Schools

James Lane Allen Elementary School

Fayette County
1901 Appomattox Road
Public School - Grades PK-5 (420 Students)
In Attendance Zone3 minute drive / 1.0 miles away
4/10

Lafayette High School

Fayette County
401 Reed Lane
Public School - Grades 9-12 (2432 Students)
In Attendance Zone4 minute drive / 1.6 miles away
8/10

Beaumont Middle School

Fayette County
2080 Georgian Way
Public School - Grades 6-8 (843 Students)
In Attendance Zone5 minute drive / 1.7 miles away
6/10
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Preakness Apartments.

Arts Museums and Landmarks

McConnell Springs
416 Rebmann Lane
2 minute drive / 0.79 miles away
The Red Mile
1200 Red Mile Road
4 minute drive / 1.37 miles away
Lexington Opera House
401 West Short Street
4 minute drive / 2.22 miles away

Big Box and Retail

Kroger
1808 Alexandria Dr
3 minute drive / 1.03 miles away
Walgreens
110 Towne Center Dr
4 minute drive / 1.41 miles away
Publix
1952 Stockton Way
7 minute drive / 3.48 miles away

Colleges and Universities

University of Kentucky
410 Administration Dr.
5 minute drive / 2.41 miles away
Transylvania University
300 N Broadway
5 minute drive / 2.54 miles away
National College, Lexington - Lexington Campus
2376 Sir Barton Way
14 minute drive / 6.65 miles away

Groceries

Kroger
1808 Alexandria Dr
3 minute drive / 1.03 miles away
Trader Joe's
2326 Nicholasville Rd
7 minute drive / 3.33 miles away
Publix
1952 Stockton Way
7 minute drive / 3.48 miles away

Hospitals

University Of Kentucky Hospital
800 Rose Street
4 minute drive / 2.15 miles away
Baptist Health Lexington
1740 Nicholasville Road
5 minute drive / 2.58 miles away
Eastern State Hospital
1350 Bull Lea Road
7 minute drive / 3.34 miles away

Parks and Recreation

The Arboretum State Botanical Garden
500 Alumni Drive
6 minute drive / 2.89 miles away
Ashland
120 Sycamore Rd
7 minute drive / 3.55 miles away

Preakness Apartments has 2 parks within 3.6 miles, including The Arboretum State Botanical Garden, and Ashland.

Shopping Centers

Shoppers Village Center
2177-2197 Versailles Rd
1 minute drive / 0.47 miles away
Gardenside Shopping Center
1801 Alexandria Dr
3 minute drive / 1.16 miles away
Townley Center
121-131 Towne Center Dr
3 minute drive / 1.33 miles away

Preakness Apartments has 5 shopping centers within 1.4 miles.

Nearby Neighborhoods

West Lexington

Studio to 5 Bedroom Apartments from $495
View Rentals

Outer West Lexington

Studio to 5 Bedroom Apartments from $570
View Rentals

Red Mile

Studio to 5 Bedroom Apartments from $570
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Lexington Studio Apartments $1,193$495$2,246
Lexington 1 Bedroom Apartments $1,287$570$3,941
Lexington 2 Bedroom Apartments $1,520$694$5,823
Lexington 3 Bedroom Apartments $1,837$820$6,123
Lexington 4 Bedroom Apartments $2,116$1,185$2,700

Browse Top Apartments in Lexington

By Price

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Viewing: Preakness Apartments | Desktop Version | Listing Updated: 04/07/2025 | AHLPLA