750 Shaker Dr
LexingtonKY40504
Cheap Homes for Rent in Red Mile Neighborhood of Lexington, KY from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Red Mile area of Lexington.
1021 Cross Keys Rd
LexingtonKY40504
1037 Cross Keys Rd
LexingtonKY40504
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.
1033 Cross Keys Rd
LexingtonKY40504
1025 Cross Keys Rd
LexingtonKY40504
1029 Cross Keys Rd
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 a home in Red Mile?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Mile 2 Bedroom Homes for Rent | $1,150 | $1,050 | $1,250 |
| Red Mile 3 Bedroom Homes for Rent | $1,561 | $680 | $2,099 |
| Red Mile 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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
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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 |
Best Value Apartments for Rent in Red Mile, KY
As of April 27, 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 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
| Preakness Apartments | P11 | 1BR,1BA | $1.07 |
| 907 Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.66 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.38 |
| Preserve Lexington | A1 | 1BR,1BA | $2.37 |
| MidTown Apartments | Woodland | 1BR,1BA | $2.52 |
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Frequently Asked Questions about Red Mile
What type of rentals are currently available in Red Mile?
There are currently 181 Apartments for Rent in Red Mile, KY with pricing that ranges from $715 to $5,912. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Red Mile ranging from $680 to $3,500.
What is the current price range for Rental Homes in Red Mile?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Red Mile ranges from $680 to $3,500 with an average monthly rent of $1,752.
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.
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.