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from $7152 Bedroom Apartments Available Now
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
Cheap 2 Bedroom Apartments for Rent in the Red Mile Neighborhood of Lexington, KY from $815 (5 Rentals)
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
1921 Oxford Cir
LexingtonKY40504
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
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Red Mile, Lexington, KY Local Guide
How much does it cost to rent an apartment in Red Mile?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Mile Studio Apartments | $1,456 | $895 | $1,855 |
| Red Mile 1 Bedroom Apartments | $1,340 | $715 | $4,017 |
Red Mile 2 Bedroom Apartments | $1,645 | $815 | $5,934 |
| Red Mile 3 Bedroom Apartments | $1,717 | $973 | $6,180 |
| Red Mile 4 Bedroom Apartments | $2,350 | $1,700 | $2,700 |
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Red Mile, Lexington, KY Local Guide
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Getting Around the Red Mile Neighborhood in Lexington, KY
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
Transit Score®
45 / 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 Cheap Red Mile Apartments
What is a cheap apartment in Red Mile?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Red Mile is under $1,095.
What is the price of a cheap apartment in Red Mile?
The cheapest apartment in Red Mile is Preakness Apartments which is listed at $815, while the average apartment in Red Mile costs $3,345.
What types of apartments are the cheapest in Red Mile?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 47 regular apartments in Red Mile that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Red Mile?
Cheap apartments in Red Mile have an average cost of $1,588 which is $1,757 cheaper than the average rent for all rentals in Red Mile.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington
Written by: Catrina Cowart
Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky, and I'm happy to talk to you about some of the neighborhoods that I've found to be particularly charming in this small city.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.