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Preakness Apartments
Lexington, KY 40504
- 1–3 Bedrooms
- 667–963Square 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
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >1 Bedroom
Floorplan P11
1 Bed, 1 Bath, 667 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Unavailable P11 667 sq ft Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftUnavailableFloor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P11 - Floorplan 1 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P11 - Floorplan 2 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P11 - Floorplan 3 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P11 - Floorplan 4 P11U
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 ftUnavailableFloor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P11U - Floorplan 1 2 Bedrooms
Show Unavailable FloorplansP21U
$980
2 Beds, 1 Bath, 924-963 sq ftTotal Monthly PriceAvailable Apr 5Largest 2 BedroomThis is the largest 2 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit $980 April 5, 2026 1728-416 924 $500 Unit 1728-416 Amenities and Features
Unique Features
- Full Renovation Unit
Model Rent and Fees
Price
- $980
Apartment Model: P21U2 Bedroom, 1 Bath, 924-963 sq ftAvailable April 5, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P21U - Floorplan 1 Apartment Unit: 1728-416Apartment Model: P21U2 Bedroom, 1 Bath, 924 sq ftAvailable April 5, 2026Floorplan P21
2 Beds, 1 Bath, 924 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Unavailable P21 924 sq ft Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftUnavailableFloor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P21 - Floorplan 1 P21R
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
3 Bedrooms
Floorplan P31
$1,050
3 Beds, 1 Bath, 924 sq ftTotal Monthly PriceAvailable Mar 31Model Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $1,050 March 31, 2026 731-5 924 $500 Unit 731-5 Amenities and Features
Unique Features
- Full Renovation Unit
Model Rent and Fees
Price
- $1,050
Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftAvailable March 31, 2026FloorplansPhotos![]()
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P31 - Image 5 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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P31 - Floorplan 6 Apartment Unit: 731-5Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftAvailable March 31, 2026
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 Fees
- Due at Application
- Application Fee Per ApplicantiCharged per applicant$50
Utilities & Essentials
- Utility Service FeeiCharged per unit$7/mo
- Pest ControliCharged per unit$5/mo
- Trash FeesiCharged per unit$10/mo
- Water/Sewer ReimbursementiCharged per unit$15/mo
Other Fees
Personal Add-Ons
- Utility Service FeeiCharged per unit$7/mo
- Pest Control Fees MonthlyiCharged per unit$5/mo
- Trash FeesiCharged per unit$10/mo
- Water/Sewer ReimbursementiCharged per unit$15/mo
Pet Fees
- One-Time Pet FeeiCharged Per Pet$250
- Monthly Pet FeeiCharged Per Pet$30
- One-Time Pet FeeiCharged Per Pet$250
- Monthly Pet FeeiCharged Per Pet$30
- One-Time Pet FeeiCharged Per Pet$250
- Monthly Pet FeeiCharged Per Pet$30
Bird
Cat
Dog
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 |
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.
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
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 | $1,117 | $525 | $2,253 |
| Lexington 1 Bedroom Apartments | $1,277 | $620 | $4,295 |
| Lexington 2 Bedroom Apartments | $1,514 | $820 | $5,699 |
| Lexington 3 Bedroom Apartments | $1,891 | $854 | $3,650 |
| Lexington 4 Bedroom Apartments | $1,493 | $739 | $3,550 |
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Did You Know?
The months of July-August show the most apartment renter searches in Kentucky.