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from $7151 to 3 Bedroom Apartments Available Now
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
Cheap Apartments for Rent in the Red Mile Neighborhood of Lexington, KY from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Red Mile area of Lexington.
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from $7551 to 2 Bedroom Apartments Available Now
1901 Apartment Homes
1909 Cambridge DrLexington, KY 40504
1921 Oxford Cir
LexingtonKY40504
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from $8601 to 3 Bedroom Apartments Available Now
The Crossings Apartment Homes
1040 Cross Keys RdLexington, KY 40504
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.
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from $8701 to 3 Bedroom Apartments Available Now
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
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from $895Studio Apartments Available Jun 16
The Studios at Belmont - MAJOR UTILITIES INCL
333 Legion DrLexington, KY 40504
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Rent Specials
from $9001 Bedroom Apartments Contact Us For Availability
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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2 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
Showing Results 1-20, 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 | $1,418 | $895 | $1,855 |
| Red Mile 1 Bedroom Apartments | $1,176 | $715 | $2,126 |
| Red Mile 2 Bedroom Apartments | $1,567 | $815 | $4,580 |
| Red Mile 3 Bedroom Apartments | $1,227 | $973 | $1,455 |
| Red Mile 4 Bedroom Apartments | $2,512 | $2,450 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 20 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
- Nearby Cities
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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 Preakness Apartments priced from $715. Oxford Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Red Mile apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preakness Apartments | P11 | 1BR,1BA | $715 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $735 |
| VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| 1901 Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $755 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $860 |
Best Value Apartments for Rent in Red Mile, KY
As of June 09, 2025 the best value apartment in the Red Mile area is the $1.83 price per square foot 4 x 3 End Unit Model at Burley Properties in the in the Downtown Lexington neighborhood starting from $2,500. The second greatest value Red Mile apartment is the Two Bedroom Model at The Stretch starting at $865 with a $0.88 price per square foot in the Downtown Lexington 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. |
|---|---|---|---|
| Burley Properties | 4 x 3 End Unit | 4BR,3BA | $1.83 |
| The Stretch | Two Bedroom | 2BR,2BA | $0.88 |
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| MidTown Apartments | Euclid | 2BR,2BA | $1.84 |
| 1901 Apartment Homes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.13 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
| Preakness Apartments | P11 | 1BR,1BA | $1.07 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.38 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1.32 |
| Preserve Lexington | A1 | 1BR,1BA | $2.51 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRed Mile, Lexington, KY
Ranked #59
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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!
Getting Around the Red Mile Neighborhood in Lexington, KY
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
Transit Score®
45 / 100
Some Transit
A few nearby public transportation options
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.
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 $1,570.
What is the price of a cheap apartment in Red Mile?
The cheapest apartment in Red Mile is Preakness Apartments which is listed at $715, while the average apartment in Red Mile costs $3,672.
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 19 regular apartments in Red Mile that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Red Mile?
Cheap apartments in Red Mile have an average cost of $1,199 which is $2,473 cheaper than the average rent for all rentals in Red Mile.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.