335 American Ave
LexingtonKY40503
Cheap Homes for Rent in the Red Mile Neighborhood of Lexington, KY from $1,075 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Red Mile area of Lexington.
493 Bob O Link Dr
LexingtonKY40503
317 Mockingbird Ln
LexingtonKY40503
494 Bob O Link Dr
LexingtonKY40503
137 Garrett Ave
LexingtonKY40504
1684 Hill View Pl
LexingtonKY40504
Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.
261 Simpson Ave, Unit 226
261 Simpson Ave
LexingtonKY40504
1100 Horsemans Ln
LexingtonKY40504
1893 Dunkirk Dr
LexingtonKY40504
1728 Shenandoah Dr
LexingtonKY40504
621 Golfview Dr
LexingtonKY40504
729 Golfview Dr
LexingtonKY40504
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-12, Page 1 of 1
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 | $1,661 | $1,075 | $2,750 |
| Red Mile 3 Bedroom Homes for Rent | $1,948 | $1,495 | $2,850 |
| Red Mile 4 Bedroom Homes for Rent | $3,278 | $1,600 | $4,750 |
| Red Mile 5 Bedroom Homes for Rent | $4,800 | $4,250 | $5,250 |
| Red Mile 6 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
| Red Mile 7 Bedroom Homes for Rent | $6,650 | $6,650 | $6,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 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 Preakness Apartments priced from $750. VELO Lexington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. 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 | $750 |
| VELO Lexington | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $895 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| 1901 Apartments | 1BR - 1BTH Enhanced | 1BR,1BA | $945 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
Best Value Apartments for Rent in Red Mile, KY
As of September 08, 2026 the best value apartment in the Red Mile area is the $1.31 price per square foot 2 Bedroom w/ Study Model at Limestone Square/Medical Villas in the in the Montclair neighborhood starting from $1,240. The second greatest value Red Mile apartment is the 525: 2 Bed - 2 Bath Model at Latitude Lexington starting at $999 with a $1.07 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. |
|---|---|---|---|
| Limestone Square/Medical Villas | 2 Bedroom w/ Study | 2BR,2BA | $1.31 |
| Latitude Lexington | 525: 2 Bed - 2 Bath | 2BR,2BA | $1.07 |
| Thoroughbred Crossing | 2 Bedroom Garden floor | 2BR,1BA | $1.22 |
| Signature | The Derby | 2BR,2BA | $1.47 |
| 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 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.63 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $1.59 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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 #49
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 $750 to $6,250. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Red Mile ranging from $1,075 to $6,650.
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 $1,075 to $6,650 with an average monthly rent of $3,486.
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 $1,422, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $799.
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
Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
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Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.
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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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.