Cheap Apartments for Rent in the Red Mile Neighborhood of Lexington, KY from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Red Mile area of Lexington.

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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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Red Mile, Lexington, KY Local Guide

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 MidTown Apartments priced from $531. Oxford Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Red Mile apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$531
Oxford Circleoxf 1.11BR,1BA$700
Preakness ApartmentsP111BR,1BA$715
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755

Best Value Apartments for Rent in Red Mile, KY

As of March 02, 2025 the best value apartment in the Red Mile area is the $0.86 price per square foot Two Bedroom Model at The Stretch in the in the Downtown Lexington neighborhood starting from $840. The second greatest value Red Mile apartment is the 3 Bedroom Model at Limestone Square/Medical Villas starting at $820 with a $0.86 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Red Mile apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The StretchTwo Bedroom2BR,2BA$0.86
Limestone Square/Medical Villas3 Bedroom3BR,2BA$0.86
SignatureThe Secretariat2BR,2BA$1.13
Thoroughbred Crossing2 Bedroom Garden floor2BR,1BA$1.22
1901 Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.13
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Preakness ApartmentsP111BR,1BA$1.07
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
Oxford Circleoxf 1.11BR,1BA$1.25
MidTown ApartmentsBedroom1BR,1BA$1.25

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Red Mile, Lexington, KY

Ranked #54

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

Frequently Asked Questions about Cheap Red Mile Apartments

What is the Cheapest Studio apartment in Red Mile?

Currently the most affordable Cheap Studio Apartment in Red Mile is at Gateway Lofts Lexington listed at $1,219.

How much is rent for a Cheap One Bedroom Red Mile Apartment?

The lowest price for a Cheap One Bedroom Red Mile Apartment is $531 at MidTown Apartments.

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 $815 at Preakness Apartments.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.