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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
Office Hours
| 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 |
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-F10 667 $500 Available Now 1718-F15 667 $500 Available Now 734-6 667 $500 Model 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-F15 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 734-6 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-F10Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable NowApartment Unit: 1718-F15Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable NowApartment Unit: 734-6Apartment 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 1696-6 924 $500 August 31, 2026 1692-8 924 $500 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1696-6 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1692-8 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: 1696-6Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable NowApartment Unit: 1692-8Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable August 31, 2026P21U
2 Beds, 1 Bath, 924-963 sq ftAvailable NowLargest 2 BedroomThis is the largest 2 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit Available Now 1728-412 924 $500 Unit 1728-412 Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P21U2 Bedroom, 1 Bath, 924-963 sq ftAvailable Now![]()
P21U - Floorplan Apartment Unit: 1728-412Apartment Model: P21U2 Bedroom, 1 Bath, 924 sq ftAvailable NowP21R
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
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 Control Fees MonthlyiCharged per unit.$5.00/mo
- Water/Sewer ReimbursementiCharged per unit.$15.00/mo
- Trash FeesiCharged per unit.$10.00/mo
Pet Policy and Fees
Birds
- 2 Pet Limit
Cats
- 2 Pet Limit
Dogs
- 2 Pet Limit
- 100 Lb Weight Limit
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
Getting Around
60 / 100 Moderately walkable
30 / 100 Limited public transit
40 / 100 Fairly bikeable
80 / 100 Very car friendly
Getting to Know the Area
70 / 100 Restaurants
50 / 100 Cafes
70 / 100 Nightlife
50 / 100 Shopping
60 / 100 Parks
100 / 100 Noise Level
Renters Reviews and Ratings
DO NOT LIVE HERE
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 | $1,228 | $540 | $1,855 |
| Lexington 1 Bedroom Apartments | $1,309 | $749 | $3,237 |
| Lexington 2 Bedroom Apartments | $1,600 | $895 | $5,950 |
| Lexington 3 Bedroom Apartments | $1,892 | $815 | $4,195 |
| Lexington 4 Bedroom Apartments | $1,407 | $799 | $2,900 |
Nearby Apartments
Nearby Homes
Did You Know?
The average Lexington 2 Bedroom Apartment is $1,600.












