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$620 - $8371 to 2 Bedroom Apartments Available Now
1901 Apartment Homes
1909 Cambridge DrLexington, KY 40504
Cheap Apartments for Rent in the Red Mile Neighborhood of Lexington, KY from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Red Mile area of Lexington.
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$745 - $1,4001 Bedroom Apartments Available Now
VELO - Waller Avenue
353 Waller AveLexington, KY 40504
1921 Oxford Cir
LexingtonKY40504
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$860 - $1,1751 to 3 Bedroom Apartments Available Now
The Crossings Apartment Homes
1040 Cross Keys RdLexington, KY 40504
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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 Jul 8
The Studios at Belmont - MAJOR UTILITIES INCL
333 Legion DrLexington, KY 40504
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Rent Specials
$9921 Bedroom Apartments Available Now
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
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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$9951 Bedroom Apartment Available Aug 1
807 Press Ave, Unit 1
807 Press AveLexington, KY 40508
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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
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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
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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1 to 4 Bedroom Apartments
Ironwood Apartment Homes
2021 Cambridge DrLexington, KY 40504
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1 Bedroom Apartments
Oxford Circle
1805 Oxford CirLexington, 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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Studio to 1 Bedroom Apartments
Bluegrass Commons
165 Virginia AveLexington, KY 40508
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2 Bedroom Apartments
Stableview
1050 Horsemans LnLexington, KY 40504
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1 to 2 Bedroom Apartments
Privada Homes - NEW MGMT!
1980-2016 Cambridge DrLexington, KY 40504
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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2 to 3 Bedroom Apartments
Whitney Woods
700 Whitney Woods PlLexington, KY 40504
Showing Results 1-22, 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 | $935 | $935 | $935 |
| Red Mile 1 Bedroom Apartments | $1,132 | $610 | $1,665 |
| Red Mile 2 Bedroom Apartments | $1,303 | $854 | $1,820 |
| Red Mile 3 Bedroom Apartments | $1,363 | $1,009 | $1,687 |
| Red Mile 4 Bedroom Apartments | $1,311 | $739 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Red Mile Neighborhood of Lexington, KY.
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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 1901 Apartment Homes priced from $620. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Red Mile apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1901 Apartment Homes | 2 Bedroom, 1 Bathroom | 1BR,1BA | $620 |
| VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $760 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $860 |
Best Value Apartments for Rent in Red Mile, KY
As of January 24, 2026 the best value apartment in the Red Mile area is the $0.95 price per square foot Two Bedroom Model at The Stretch in the in the Downtown Lexington neighborhood starting from $930. The second greatest value Red Mile apartment is the 2 Bedroom Garden floor Model at Thoroughbred Crossing starting at $1,100 with a $1.22 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. |
|---|---|---|---|
| The Stretch | Two Bedroom | 2BR,2BA | $0.95 |
| Thoroughbred Crossing | 2 Bedroom Garden floor | 2BR,1BA | $1.22 |
| MidTown Apartments | 1 Bedroom | 1BR,1BA | $1.17 |
| 1901 Apartment Homes | 2 Bedroom, 1 Bathroom | 1BR,1BA | $0.83 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.56 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.38 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $1.59 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1.36 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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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Pet Friendly LifestyleRed Mile, Lexington, KY
Ranked #50
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 the price of a cheap apartment in Red Mile?
The cheapest apartment in Red Mile is 1901 Apartment Homes which is listed at $620, while the average apartment in Red Mile costs $5,000.
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 24 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 $990 which is $4,010 cheaper than the average rent for all rentals in Red Mile.
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.
Articles, How-To's, and Tips
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.