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$745 - $1,4001 Bedroom Apartments Available Now
VELO Lexington
353 Waller AveLexington, KY 40504
Cheap Apartments for Rent in the Red Mile Neighborhood of Lexington, KY from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Red Mile area of Lexington.
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Rent Specials
$885 - $1,2701 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station
512 De Roode StreetLexington, KY 40508
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$935Studio Apartments Available Now
The Studios at Belmont - MAJOR UTILITIES INCL
333 Legion DrLexington, KY 40504
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Rent Specials
$945 - $1,1301 to 2 Bedroom Apartments Available Now
1901 Apartments
1909 Cambridge DrLexington, KY 40504
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$976 - $1,4791 to 3 Bedroom Apartments Contact Us For Availability
The Crossings Apartment Homes
1040 Cross Keys RdLexington, KY 40504
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Rent Specials
$9921 Bedroom Apartments Available Now
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
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$9951 Bedroom Apartment Available Aug 1
807 Press Ave, Unit 1
807 Press AveLexington, KY 40508
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$1,022 - $1,222
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$1,022 - $1,222
Total Monthly Price
$1,022 - $1,222
Oxford Circle
1805 Oxford CirLexington, KY 40504
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,095 - $1,295
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,095 - $1,295
Total Monthly Price
$1,095 - $1,295
Trifecta on Red Mile - Newly Renovated!
700 Red Mile RdLexington, KY 40504
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Rent Specials
$1,100 - $1,2002 Bedroom Apartments Available Now
Thoroughbred Crossing
1346 Village DrLexington, KY 40504
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$1,125 - $1,2251 to 2 Bedroom Apartments Available Soon
Belmont Run Apartments
1232 Man O War PlLexington, KY 40504
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$1,255 - $1,995
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Studio to 1 Bedroom Apartments Available Jun 17Total Monthly Price
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$1,255 - $1,995
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$1,255 - $1,995
Studios340 - All Inclusive Pricing
340 Legion DrLexington, KY 40504
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Rent Specials
$1,300 - $11,625Studio to 2 Bedroom Apartments Available Now
Gateway Lofts Lexington
380 Virginia AveLexington, KY 40504
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Studio Apartments
Garden Springs Apartments
2001 Garden Springs DrLexington, KY 40504
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Studio Apartments
Hillrise Place
709 Hill Rise CtLexington, KY 40504
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1 Bedroom Apartments
Walton Place Apartments
178 Gazette AveLexington, KY 40508
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Studio Apartments
Imperial Studio Apartments
381 Elaine DrLexington, KY 40504
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1 to 2 Bedroom Apartments
1356 Royalty Ct
1356 Royalty CtLexington, KY 40504
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1 to 3 Bedroom Apartments
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
1972 Cambridge Dr
LexingtonKY40504
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1 to 4 Bedroom Apartments
Ironwood Apartment Homes
2021 Cambridge DrLexington, KY 40504
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1 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
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1 to 2 Bedroom Apartments
Medical View Properties
805 Press AveLexington, KY 40508
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2 Bedroom Apartments
Stableview
1050 Horsemans LnLexington, KY 40504
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Studio to 1 Bedroom Apartments
Bluegrass Commons
165 Virginia AveLexington, KY 40508
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1 to 2 Bedroom Apartments
Privada Homes - NEW MGMT!
1980-2016 Cambridge DrLexington, KY 40504
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1 Bedroom Apartments
Christian Tpwers
1511 Versailles RdLexington, KY 40504
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2 to 3 Bedroom Apartments
Whitney Woods
700 Whitney Woods PlLexington, KY 40504
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1 to 4 Bedroom Apartments
Preserve Lexington
845 Red Mile RdLexington, KY 40504
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1 Bedroom Apartments
Medical Villas
180 Leader AveLexington, KY 40508
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4 to 5 Bedroom Apartments
Red Mile Square Townhomes
1125 Unity DrLexington, KY 40504
1861 Dunkirk Dr
LexingtonKY40504
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1100 Horsemans Ln
LexingtonKY40504
425 Gibson Ave
LexingtonKY40504
Showing Results 1-34, Page 1 of 1
Red Mile, Lexington, KY Local Guide
How much does it cost to rent an apartment in Red Mile?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Mile Studio Apartments | $1,689 | $935 | $2,421 |
| Red Mile 1 Bedroom Apartments | $2,899 | $745 | $10,000+ |
| Red Mile 2 Bedroom Apartments | $1,238 | $999 | $5,163 |
| Red Mile 3 Bedroom Apartments | $1,257 | $1,009 | $1,479 |
| Red Mile 4 Bedroom Apartments | $1,392 | $739 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Red Mile Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Red Mile, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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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 VELO Lexington priced from $745. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Red Mile apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| VELO Lexington | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| 1901 Apartments | 1BR - 1BTH Upgraded | 1BR,1BA | $945 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1,000 |
| MidTown Apartments | Woodland | 1BR,1BA | $1,005 |
| Preserve Lexington | A1 | 1BR,1BA | $1,021 |
| Thoroughbred Crossing | 2 Bedroom Garden floor | 2BR,1BA | $1,100 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in Red Mile, KY
As of June 11, 2026 the best value apartment in the Red Mile area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value Red Mile apartment is the 2 Bedrooms W/ Balcony Model at Thoroughbred Crossing starting at $1,200 with a $1.25 price per square foot in the Beaumont Residential 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. |
|---|---|---|---|
| Latitude Lexington | 525: 4 bed - 4.5 Bath | 4BR,4.5BA | $0.53 |
| Thoroughbred Crossing | 2 Bedrooms W/ Balcony | 2BR,1BA | $1.25 |
| 1901 Apartments | 2BR - 1BTH Renovated | 2BR,1BA | $1.51 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1.46 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $1.59 |
| Preserve Lexington | A2 | 1BR,1BA | $2.56 |
| MidTown Apartments | Limestone | 1BR,1BA | $2.67 |
| Gateway Lofts Lexington | Young | Studio ,1BA | $2.86 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Pet Friendly LifestyleRed Mile, Lexington, KY
Ranked #45
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
This website is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States and customized analysis for Lexington, Kentucky. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, apartment complexes for the kids, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Red Mile Apartments
What is a cheap apartment in Red Mile?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Red Mile is under $1,295.
What is the price of a cheap apartment in Red Mile?
The cheapest apartment in Red Mile is VELO Lexington which is listed at $745, while the average apartment in Red Mile costs $4,125.
What types of apartments are the cheapest in Red Mile?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Red Mile that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
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.
Helpful Local Expert Guides
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.
The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.
The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.