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  • 3BR, 1BA - Kitchen - Preakness Apartments
    3BR, 1BA - Living Room - Preakness Apartments
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    3BR, 1BA - Bathroom - Preakness Apartments
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Kentucky Fayette County Lexington Red Mile Preakness Apartments

Preakness Apartments

1707-1724 Versailles Rd, Lexington, KY 40504

3.9 (2 reviews)

Property Rating

3.9
Good
Out of 5

3.9 Blended Score

See all 2 Renter Reviews

How Is This Rating Determined?

Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

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859-710-6659
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  • Monthly Rent

    $715 - $973

  • Bedrooms

    1 - 3 bd

  • Bathrooms

    1 ba

  • Square Feet

    667 - 963 sq ft

Preakness Apartments
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Experience great living at Preakness Apartments in Lexington! We offer a variety of floorplans along with great property amenities such as picnic and playground areas, laundry facilities, and plenty of space for you and your furry friend to get some fresh air around our welcoming community. Each apartment features updated rooms featuring fresh flooring, modern appliances, and contemporary fixtures. Call today to schedule your tour! Ask today about our FREE RENT special for all new residents!

Read More

Pricing & Floor Plans

filter results by bedrooms
P11 $715
1 Bed 1 Bath 667 Sq Ft $745 Deposit
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 731-10
    price $715
    square feet 667
    availibility Now
  • Unit 731-2
    price $715
    square feet 667
    availibility Now
  • Unit 1718-F01
    price $715
    square feet 667
    availibility Now
P11U $805 – $885
1 Bed 1 Bath 667 – 778 Sq Ft $885 Deposit
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 1728-501
    price $805
    square feet 667
    availibility Now
  • Unit 1724-107
    price $805
    square feet 667
    availibility Now
  • Unit 1728-311
    price $805
    square feet 667
    availibility Jun 13
P21 $815
2 Beds 1 Bath 924 Sq Ft $900 Deposit
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 1696-7
    price $815
    square feet 924
    availibility Now
  • Unit 1696-4
    price $815
    square feet 924
    availibility Now
  • Unit 1695-1
    price $815
    square feet 924
    availibility Jun 13
P31 $973
3 Beds 1 Bath 924 Sq Ft $1,050 Deposit
1 Available unit
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 1701-4
    price $973
    square feet 924
    availibility Jul 31
P21R Call for Rent Not Available
2 Beds 1 Bath 924 Sq Ft
P21U Call for Rent Not Available
2 Beds 1 Bath 963 Sq Ft
P11 $715
1 Bed 1 Bath 667 Sq Ft $745 Deposit
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 731-10
    price $715
    square feet 667
    availibility Now
  • Unit 731-2
    price $715
    square feet 667
    availibility Now
  • Unit 1718-F01
    price $715
    square feet 667
    availibility Now
P11U $805 – $885
1 Bed 1 Bath 667 – 778 Sq Ft $885 Deposit
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 1728-501
    price $805
    square feet 667
    availibility Now
  • Unit 1724-107
    price $805
    square feet 667
    availibility Now
  • Unit 1728-311
    price $805
    square feet 667
    availibility Jun 13
P21 $815
2 Beds 1 Bath 924 Sq Ft $900 Deposit
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 1696-7
    price $815
    square feet 924
    availibility Now
  • Unit 1696-4
    price $815
    square feet 924
    availibility Now
  • Unit 1695-1
    price $815
    square feet 924
    availibility Jun 13
P21R Call for Rent Not Available
2 Beds 1 Bath 924 Sq Ft
P21U Call for Rent Not Available
2 Beds 1 Bath 963 Sq Ft
P31 $973
3 Beds 1 Bath 924 Sq Ft $1,050 Deposit
1 Available unit
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 1701-4
    price $973
    square feet 924
    availibility Jul 31
* Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.
* Square footage definitions vary. Displayed square footage is approximate.

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

  • One-Time Move-In Fees
  • Application Fee
    $50
  • Dogs Allowed
  • Monthly pet rent
    $30
  • One time Fee
    $250
  • Weight limit
    100 lb
  • Pet Limit
    2
  • Cats Allowed
  • Monthly pet rent
    $30
  • One time Fee
    $250
  • Weight limit
    --
  • Pet Limit
    2
  • Birds Allowed
  • Monthly pet rent
    $30
  • One time Fee
    $250
  • Pet deposit
    --
  • Weight limit
    --
  • Pet Limit
    2

Details

Lease Options

  • 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 12 months, 13 months

Property Information

  • Built in 1968
  • 222 units/3 stories

About Preakness Apartments

Experience great living at Preakness Apartments in Lexington! We offer a variety of floorplans along with great property amenities such as picnic and playground areas, laundry facilities, and plenty of space for you and your furry friend to get some fresh air around our welcoming community. Each apartment features updated rooms featuring fresh flooring, modern appliances, and contemporary fixtures. Call today to schedule your tour! Ask today about our FREE RENT special for all new residents!

Preakness Apartments is an apartment community located in Fayette County and the 40504 ZIP Code. This area is served by the Fayette County attendance zone.

Unique Features

  • Full Renovation Unit

Contact

View Property Website
Language: English
Open 9am - 5pm Today
  • Monday - Friday, 9am - 5pm
  • Saturday & Sunday, Closed
Property Management Company Logo

Community Amenities

Laundry Facilities

Clubhouse

Pet Play Area

Property Manager on Site

  • Laundry Facilities
  • Property Manager on Site
  • Pet Play Area
  • Clubhouse
  • Walk-Up

Apartment Features

Air Conditioning

Dishwasher

High Speed Internet Access

Refrigerator

  • High Speed Internet Access
  • Air Conditioning
  • Heating
  • Smoke Free
  • Tub/Shower
  • Dishwasher
  • Kitchen
  • Oven
  • Range
  • Refrigerator
  • Carpet
Location Get Directions
Schools Restaurants Groceries Coffee Banks Shops Fitness
Amenities
  • Laundry Facilities
  • Property Manager on Site
  • Pet Play Area
  • Clubhouse
  • Walk-Up
  • Full Renovation Unit
  • High Speed Internet Access
  • Air Conditioning
  • Heating
  • Smoke Free
  • Tub/Shower
  • Dishwasher
  • Kitchen
  • Oven
  • Range
  • Refrigerator
  • Carpet
Expenses
Recurring
Bird Rent $30
Cat Rent $30
Dog Rent $30
One-Time
Bird Fee $250
Cat Fee $250
Dog Fee $250
Office Hours
Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday Closed
Sunday Closed
859-710-6659
Neighborhood

Red Mile is really a collection of a few neighborhoods that surrounding the horse racing track for which it’s named. Just a few minutes west of the center of Lexington and the University of Kentucky, Red Mile hosts a variety of affordable apartments and homes, and opens residents up the walkable locale that is Lexington.

Aside from the popular race track, Red Mile is largely residential. If you’re hungry or looking to shop, South Broadway on the neighborhood’s southern edge has plenty to offer in the way of food and retail. If you’re looking to unwind within the neighborhood, Addison Park and Gary Brewer Jr. Golf Course make for a prime picnic spot or leisurely evening spent practicing your swing.

Learn more about living in Red Mile 
Education
Colleges & Universities Distance
Colleges & Universities Distance
Transylvania University
Drive: 5 min 3.0 mi
University of Kentucky
Drive: 6 min 3.2 mi
National College, Lexington
Drive: 14 min 7.9 mi
Kentucky State University
Drive: 31 min 24.2 mi
Preakness Apartments is within 5 minutes or 3.0 miles from Transylvania University. It is also near University of Kentucky and National College, Lexington.
Schools
  • Public Schools
  • Private Schools
Scapa At Bluegrass
Public Elementary & Middle School
Grades 4-8
277 Students
Nearby
James Lane Allen Elementary School
Public Elementary School
Grades PK-5
420 Students
Attendance Zone
Beaumont Middle School
Public Middle School
Grades 6-8
843 Students
Attendance Zone
Opportunity Middle College
Public High School
Grades 11-12
65 Students
Nearby
Lafayette High School
Public High School
Grades 9-12
2,432 Students
Attendance Zone
Lexington Junior Academy
Private Elementary & Middle School
Grades K-7
26 Students
Nearby
Providence Montessori School
Private Elementary & Middle School
Grades PK-8
245 Students
Nearby
Montessori High School Of Kentucky
Private High School
Grades 9-12
12 Students
Nearby
Lexington Catholic High School
Private High School
Grades 9-12
796 Students
Nearby
School data provided by The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology


Data provided by GreatSchools.org © 2025. All rights reserved.
Transportation

Preakness Apartments is near Blue Grass, located 6.2 miles or 12 minutes away.

Airports Distance
Airports Distance
Blue Grass
Drive: 12 min 6.2 mi
Car-Dependent
32
Walk Score®
Out of 100
This area is considered a car-dependent area and most errands will require a car.
Some Transit
30
Transit Score®
Out of 100
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
42
Bike Score®
Out of 100
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
-
-
Soundscore™
Out of 100

Traffic:

-

Airport:

-

Businesses:

-

Score provided by

Scores provided by  and

Score provided by

Points of Interest

Time and distance from Preakness Apartments.

Shopping Centers Distance
Shopping Centers Distance
Shoppers Village Center
Walk: 16 min 0.8 mi
Gardenside Shopping Center
Drive: 4 min 1.8 mi
Simpson Center
Drive: 5 min 2.3 mi
Preakness Apartments has 3 shopping centers within 2.3 miles, which is about a 5-minute walk. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Explorium
Drive: 5 min 2.4 mi
State Botanical Garden of Kentucky
Drive: 10 min 4.4 mi
Waveland State Historic Site
Drive: 14 min 8.7 mi
Kentucky Horse Park
Drive: 17 min 11.2 mi
Preakness Apartments has 4 parks within 11.2 miles, including Explorium, State Botanical Garden of Kentucky, and Waveland State Historic Site.
Hospitals Distance
Hospitals Distance
University of Kentucky Hospital
Drive: 5 min 2.8 mi
Baptist Health Lexington
Drive: 7 min 3.7 mi
Eastern State Hospital
Drive: 8 min 4.8 mi
Preakness Apartments has 3 hospitals within 4.8 miles, the nearest is University of Kentucky Hospital which is 2.8 miles away and a 5 minute drive.
Military Bases Distance
Military Bases Distance
Blue Grass Army Depot
Drive: 65 min 36.2 mi
Louisville Naval Ordinance Station
Drive: 95 min 77.3 mi
Fort Knox
Drive: 100 min 79.1 mi
Preakness Apartments has 3 military bases within 79.1 miles, the nearest is Blue Grass Army Depot which is 36.2 miles away and a 65 minute drive.
 
 

Property Ratings at Preakness Apartments

How Is This Rating Determined?

How Is This Rating Determined?

Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

3.9
Good
Out of 5

3.9 Blended Score

2 Renter Reviews

Share details of your own experience with this property

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  1. ...
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8/2/24
Amazing Staff

The new staff at Preakness Apartments (Ashley and Missy) have really improved lives here. We are able to go in and talk to them. They really seem to care. Any complaints my husband and I have are delt with swiftly.

12/28/23
DO NOT LIVE HERE

Absolutely disgusting and poor management. The apartment was INFESTED with roaches, there was mold in the bathroom, a hole in the ceiling above the shower that allowed water from the upstairs neighbor's shower to drip into our apartment, and we could hear animals living in the wall. We had sewage back up into our tub and it took management THREE days to do anything about it. We had mentioned the roaches to management multiple times but they didn't even attempt to do anything about it. Our air conditioner was out for almost FOUR months and it took multiple messages to management and actually going to their office several times before they did anything about it. I highly recommend you avoid this place.

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Preakness Apartments Photos

  • 3BR, 1BA - Kitchen

  • 3BR, 1BA - Living Room

  • 3BR, 1BA - Bedroom

  • 3BR, 1BA - Bathroom

  • 3BR, 1BA - Bedroom

  • ext

Models

  • 1BR/1BA

  • Floorplan 1 BR 1 BA

  • Bedroom

  • Bedroom

  • Bathroom

  • image78

Nearby Apartments

Within 50 Miles of Preakness Apartments

  • Park Vista

    1270 Village Dr

    Lexington, KY 40504

    1-2 Br $829-$1,074 0.8 mi

  • Crystal Gardens

    1340 Alexandria Dr

    Lexington, KY 40504

    1-3 Br $810-$1,200 0.9 mi

  • The Landing at Lex

    2066-2082 Fairmont Ct

    Lexington, KY 40502

    1-2 Br $745 4.1 mi

  • Eastland Hills

    1740-1760 Jennifer Rd

    Lexington, KY 40505

    1-2 Br $709 4.7 mi

  • Lexington Villas

    200 Alsab Ct

    Lexington, KY 40509

    1-3 Br $865 5.2 mi

Frequently Asked Questions
Which floor plans are available, and what are the price ranges?

Preakness Apartments has one to three bedrooms with rent ranges from $715/mo. to $973/mo.

Can I see a model or tour Preakness Apartments?

Yes, to view the floor plan in person, please schedule a personal tour.

What neighborhood is the property located in?

Preakness Apartments is in Red Mile in the city of Lexington. Here you’ll find three shopping centers within 2.3 miles of the property. Four parks are within 11.2 miles, including Explorium, State Botanical Garden of Kentucky, and Waveland State Historic Site.

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What is a Sound Score Rating?

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1707-1724 Versailles Rd

Lexington, KY 40504

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