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Preakness Apartments
Lexington, KY 40504

- 1–3 Bedrooms
- 667–963 Square Feet
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
New! Interactive Property Map
1 Bedroom
Show Unavailable FloorplansFloorplan P11
1 Bed, 1 Bath, 667 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now 1718-F05 667 $500 Available Now 1718-F10 667 $500 Available Now 1718-G23 667 $500 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1718-F05 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1718-F10 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1718-G23 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable Now![]()
P11 - Floorplan 1 ![]()
P11 - Floorplan 2 ![]()
P11 - Floorplan 3 ![]()
P11 - Floorplan 4 Apartment Unit: 1718-F05Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable NowApartment Unit: 1718-F10Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable NowApartment Unit: 1718-G23Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable NowP11U
1 Bed, 1 Bath, 778 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Unavailable P11U 778 sq ft Model Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P11U1 Bedroom, 1 Bath, 778 sq ftUnavailable![]()
P11U - Floorplan 2 Bedrooms
Show Unavailable FloorplansFloorplan P21
2 Beds, 1 Bath, 924 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now 1696-7 924 $500 Available Soon 1724-112 924 $500 April 23, 2026 1724-106 924 $500 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1696-7 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1724-112 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1724-106 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable Now![]()
P21 - Floorplan Apartment Unit: 1696-7Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable NowApartment Unit: 1724-112Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable SoonApartment Unit: 1724-106Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable April 23, 2026P21R
2 Beds, 1 Bath, 924 sq ftAvailability Details
Availability Date Unit Sq Ft Unavailable P21R 924 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 PropertyModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Unavailable P21U 963 sq ft Model Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P21U2 Bedroom, 1 Bath, 963 sq ftUnavailable![]()
P21U - Floorplan 3 Bedrooms
Floorplan P31
3 Beds, 1 Bath, 924 sq ftModel Gallery
Floorplans
Photos
Availability Details
Availability Date Unit Sq Ft Unavailable P31 924 sq ft Model Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftUnavailableFloorplansPhotos![]()
P31 - Image 1 ![]()
P31 - Image 2 ![]()
P31 - Image 3 ![]()
P31 - Image 4 ![]()
P31 - Image 5 ![]()
P31 - Floorplan
Property Information
- Renovated In 1972
- 222 Units
- 3 Stories
- Built in 1968
Lease Terms
- 12 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per applicant.$50.00
Utilities
- Utility Service FeeiCharged per unit.$7.00/mo
- Pest ControliCharged per unit.$5.00/mo
- Trash FeesiCharged per unit.$10.00/mo
- Water/Sewer ReimbursementiCharged per unit.$15.00/mo
- Pest Control Fees MonthlyiCharged per unit.$5.00/mo
Other Fees and Policies
Pet Fees
- Bird
- One-Time Pet FeeiMax of 2. Charged Per Pet.$250.00
- Monthly Pet FeeiMax of 2. Charged Per Pet.$30.00/mo
- One-Time Pet FeeiMax of 2. Charged Per Pet.$250.00
- Monthly Pet FeeiMax of 2. Charged Per Pet.$30.00/mo
- One-Time Pet FeeiMax of 2. Charged Per Pet.$250.00
- Monthly Pet FeeiMax of 2. Charged Per Pet.$30.00/mo
Max of 2.
Max of 2.
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Unique Amenities
- Full Renovation Unit
Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks
- Nearby Properties

Map
Hours and Contact Info
| 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 |
Renters Reviews and Ratings
Amazing Staff
July 23, 2024The 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, 2023Absolutely 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 MoreReview from Apartments.com
Nearby Schools
James Lane Allen Elementary School
Lafayette High School
Beaumont Middle School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Preakness Apartments.
Arts Museums and Landmarks
Big Box and Retail
Kroger
Walgreens
Colleges and Universities
Groceries
Kroger
Trader Joe's
Publix
Hospitals
University Of Kentucky Hospital
Baptist Health Lexington
Eastern State Hospital
Parks and Recreation
Preakness Apartments has 3 parks within 9.5 miles, including The Arboretum State Botanical Garden, Ashland, and Equus Run Vineyards.
Shopping Centers
Preakness Apartments has 5 shopping centers within 1.4 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,169 | $525 | $2,279 |
| Lexington 1 Bedroom Apartments | $1,303 | $620 | $3,199 |
| Lexington 2 Bedroom Apartments | $1,559 | $820 | $7,999 |
| Lexington 3 Bedroom Apartments | $1,920 | $854 | $3,650 |
| Lexington 4 Bedroom Apartments | $1,460 | $739 | $2,800 |
Nearby Apartments
Nearby Homes
Did You Know?
43% of renters tour a property with an agent before signing a lease.



Max of 2.