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Rent Specials
from $7151 to 3 Bedroom Apartments Available Apr 15
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
Cheap Apartments for Rent in the Red Mile Neighborhood of Lexington, KY from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Red Mile area of Lexington.
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from $7551 to 2 Bedroom Apartments Available Now
1901 Apartment Homes
1909 Cambridge DrLexington, KY 40504
1921 Oxford Cir
LexingtonKY40504
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from $8601 to 3 Bedroom Apartments Available Now
The Crossings Apartment Homes
1040 Cross Keys RdLexington, KY 40504
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from $8701 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
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from $895Studio Apartments Available Now
The Studios at Belmont - ALL UTILITIES INCL
333 Legion DrLexington, KY 40504
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Rent Specials
from $9001 Bedroom Apartments Contact Us For Availability
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
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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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2 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
Showing Results 1-20, Page 1 of 1
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 | $1,386 | $895 | $1,755 |
| Red Mile 1 Bedroom Apartments | $1,376 | $570 | $4,228 |
| Red Mile 2 Bedroom Apartments | $1,491 | $815 | $5,929 |
| Red Mile 3 Bedroom Apartments | $1,860 | $820 | $6,123 |
| Red Mile 4 Bedroom Apartments | $2,366 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Red Mile Neighborhood of Lexington, KY.
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Red Mile, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
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Cheapest Available Red Mile Apartments for Rent
The cheapest available apartment rental in the Red Mile area of Lexington, KY is a 1 Bed unit found at Preakness Apartments priced from $715. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Red Mile apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preakness Apartments | P11 | 1BR,1BA | $715 |
| VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| 1901 Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $755 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $860 |
| The Studios at Belmont - ALL UTILITIES INCL | Studio | Studio,1BA | $895 |
Best Value Apartments for Rent in Red Mile, KY
As of April 13, 2025 the best value apartment in the Red Mile area is the $1.83 price per square foot 4 x 3 End Unit Model at Burley Properties in the in the Downtown Lexington neighborhood starting from $2,500. The second greatest value Red Mile apartment is the The Secretariat Model at Signature starting at $1,040 with a $1.13 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for Red Mile apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Burley Properties | 4 x 3 End Unit | 4BR,3BA | $1.83 |
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| Belmont Run Apartments | Two Bedroom | 2BR,1BA | $1.41 |
| 1901 Apartment Homes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.13 |
| Preakness Apartments | P11 | 1BR,1BA | $1.07 |
| Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1.68 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.38 |
| Limestone Square/Medical Villas | Medical Villas (Renovated) | 1BR,1BA | $2.44 |
| Preserve Lexington | A1 | 1BR,1BA | $2.33 |
| MidTown Apartments | Woodland | 1BR,1BA | $2.52 |
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Pet Friendly LifestyleRed Mile, Lexington, KY
Ranked #36
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
This website is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States and customized analysis for Lexington, Kentucky. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, apartment complexes for the kids, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
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
How much is rent for a Cheap One Bedroom Red Mile Apartment?
The lowest price for a Cheap One Bedroom Red Mile Apartment is $745 at VELO - Waller Avenue.
What is the lowest price for a Cheap Two Bedroom Red Mile Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Red Mile is starting from $845 at 1901 Apartment Homes.
What is the most affordable Red Mile Three Bedroom Apartment?
The best deal on a cheap Red Mile Three Bedroom Apartment rental is at The Crossings Apartment Homes and starts from $1,175.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.