1972 Cambridge Dr
LexingtonKY40504
Cheap Homes for Rent in Red Mile Neighborhood of Lexington, KY from $700 (7 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
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.
852 Bennett Ave
LexingtonKY40508
1969 Fair Oaks Dr
LexingtonKY40504
342 Waller 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.
127 Chantilly St
LexingtonKY40504
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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 | $1,450 | $1,200 | $1,700 |
| Red Mile 3 Bedroom Homes for Rent | $1,893 | $1,300 | $2,350 |
| Red Mile 4 Bedroom Homes for Rent | $3,079 | $1,675 | $4,200 |
| Red Mile 5 Bedroom Homes for Rent | $4,075 | $3,950 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 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 |
Best Value Apartments for Rent in Red Mile, KY
As of February 27, 2026 the best value apartment in the Red Mile area is the $0.92 price per square foot House Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,445. 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. |
|---|---|---|---|
| MidTown Apartments | House | 4BR,4BA | $0.92 |
| Thoroughbred Crossing | 2 Bedroom Garden floor | 2BR,1BA | $1.22 |
| Latitude Lexington | 525: 1 Bed - 1 Bath | 1BR,1BA | $1.75 |
| 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.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleRed Mile, Lexington, KY
Ranked #46
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 182 Apartments for Rent in Red Mile, KY with pricing that ranges from $620 to $5,200. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Red Mile ranging from $750 to $4,200.
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 $750 to $4,200 with an average monthly rent of $2,318.
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 $1,009 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,675 and Four Bedroom Apartments start at $739.
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.