1972 Cambridge Dr
LexingtonKY40504
Cheap Homes for Rent in Red Mile Neighborhood of Lexington, KY from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Red Mile area of Lexington.
1021 Cross Keys Rd
LexingtonKY40504
1025 Cross Keys Rd
LexingtonKY40504
492 Bob O Link Dr
LexingtonKY40503
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.
342 Waller Ave
LexingtonKY40504
523 Addison Ave
LexingtonKY40504
173 Montmullin St
LexingtonKY40508
1206 Garrison Ave
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.
264 Driscoll St
LexingtonKY40508
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Red Mile, Lexington, KY Local Guide
How much does it cost to rent a home in Red Mile?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Mile 2 Bedroom Homes for Rent | $1,524 | $1,195 | $1,750 |
| Red Mile 3 Bedroom Homes for Rent | $2,017 | $1,495 | $2,625 |
| Red Mile 4 Bedroom Homes for Rent | $2,934 | $1,500 | $4,200 |
| Red Mile 5 Bedroom Homes for Rent | $4,125 | $4,000 | $4,250 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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
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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 MidTown Apartments priced from $610. 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 |
|---|---|---|---|
| MidTown Apartments | Bedroom | 1BR,1BA | $610 |
| VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
Best Value Apartments for Rent in Red Mile, KY
As of November 29, 2025 the best value apartment in the Red Mile area is the $1.83 price per square foot 4 x 3 Standard Model at Burley Properties in the in the Downtown Lexington neighborhood starting from $2,500. 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. |
|---|---|---|---|
| Burley Properties | 4 x 3 Standard | 4BR,3BA | $1.83 |
| Thoroughbred Crossing | 2 Bedrooms W/ Balcony | 2BR,1BA | $1.25 |
| Latitude Lexington | 525: 1 Bed - 1 Bath | 1BR,1BA | $1.75 |
| 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 |
| MidTown Apartments | Bedroom | 1BR,1BA | $1.43 |
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.
Read Article
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.
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Pet Friendly LifestyleRed Mile, Lexington, KY
Ranked #47
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Red Mile
What type of rentals are currently available in Red Mile?
There are currently 186 Apartments for Rent in Red Mile, KY with pricing that ranges from $739 to $5,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Red Mile ranging from $725 to $4,250.
What is the current price range for Rental Homes in Red Mile?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Red Mile ranges from $725 to $4,250 with an average monthly rent of $2,337.
How much are larger Three and Four Bedroom Rentals in Red Mile?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Red Mile range from $999 to $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,625. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $739.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.