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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
Floorplan P11
1 Bed, 1 Bath, 667 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now 1718-F15 667 $500 Available Now 1718-G23 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-F15 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
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-F15Apartment Model: P111 Bedroom, 1 Bath, 667 sq ftAvailable NowApartment Unit: 1718-G23Apartment 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, 667-778 sq ftAvailable Jul 31Model Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details July 31, 2026 1724-101 667 $500 July 31, 2026 1724-109 667 $500 July 31, 2026 1724-111 667 $500 Model Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1724-101 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1724-109 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1724-111 Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P11U1 Bedroom, 1 Bath, 667-778 sq ftAvailable July 31, 2026![]()
P11U - Floorplan Apartment Unit: 1724-101Apartment Model: P11U1 Bedroom, 1 Bath, 667 sq ftAvailable July 31, 2026Apartment Unit: 1724-109Apartment Model: P11U1 Bedroom, 1 Bath, 667 sq ftAvailable July 31, 2026Apartment Unit: 1724-111Apartment Model: P11U1 Bedroom, 1 Bath, 667 sq ftAvailable July 31, 20262 Bedrooms
P21U
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 View Details Available Now 1724-214 924 $500 July 31, 2026 1728-412 924 $500 Model Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1724-214 Amenities and Features
Unique Features
- Full Renovation Unit
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: 1724-214Apartment Model: P21U2 Bedroom, 1 Bath, 924 sq ftAvailable NowApartment Unit: 1728-412Apartment Model: P21U2 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 2026Floorplan P21
2 Beds, 1 Bath, 924 sq ftAvailable Jul 8Model Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details July 8, 2026 1695-12 924 $500 July 31, 2026 1691-2 924 $500 July 31, 2026 1691-5 924 $500 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1695-12 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1691-2 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Unit 1691-5 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unique Features
- Full Renovation Unit
Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable July 8, 2026![]()
P21 - Floorplan Apartment Unit: 1695-12Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable July 8, 2026Apartment Unit: 1691-2Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 2026Apartment Unit: 1691-5Apartment Model: P212 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 2026P21R
2 Beds, 1 Bath, 924 sq ftAvailable Jul 31Availability Details
Availability Date Unit Sq Ft Deposit July 31, 2026 1700-5 924 $500 Unit 1700-5 Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Unit: 1700-5Apartment Model: P21R2 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 20263 Bedrooms
Floorplan P31
3 Beds, 1 Bath, 924 sq ftAvailable Jul 31Model Gallery
Floorplans
Photos
Availability Details
Availability Date Unit Sq Ft Deposit View Details July 31, 2026 1692-9 924 $500 July 31, 2026 1701-4 924 $500 July 31, 2026 1707-11 924 $500 Model Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1692-9 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1701-4 Amenities and Features
Unique Features
- Full Renovation Unit
Unit 1707-11 Amenities and Features
Unique Features
- Full Renovation Unit
Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 2026FloorplansPhotos![]()
P31 - Image 1 ![]()
P31 - Image 2 ![]()
P31 - Image 3 ![]()
P31 - Image 4 ![]()
P31 - Image 5 ![]()
P31 - Floorplan Apartment Unit: 1692-9Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 2026Apartment Unit: 1701-4Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftAvailable July 31, 2026Apartment Unit: 1707-11Apartment Model: P313 Bedroom, 1 Bath, 924 sq ftAvailable July 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 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
Renters Reviews and Ratings
Amazing Staff
July 23, 2024 - Review from Apartments.comThe 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.
DO NOT LIVE HERE
December 26, 2023 - Review from Apartments.comAbsolutely 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 More
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 | $1,204 | $525 | $2,948 |
| Lexington 1 Bedroom Apartments | $1,408 | $695 | $7,526 |
| Lexington 2 Bedroom Apartments | $1,566 | $900 | $5,950 |
| Lexington 3 Bedroom Apartments | $1,900 | $854 | $4,352 |
| Lexington 4 Bedroom Apartments | $1,386 | $739 | $2,900 |
Nearby Apartments
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Did You Know?
The months of July-August show the most apartment renter searches in Lexington.












