Trifecta on Red Mile: MAJOR Renovations
700 Red Mile Rd,
Lexington, KY 40504
$1,095 - $1,195 | 1-2 Beds
Red Mile
Lexington, KY
Red Mile - Lexington, KY
Area Guide
Kentucky’s horse racing history inundates this charming suburb
Suburban
•
Entertainment
•
Walkable
•
Affordable
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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. If you’re looking for more of nightlife scene, Downtown Lexington is just nearby
Rent Trends
As of March 2025, the average apartment rent in Red Mile is $968 for one bedroom, $1,111 for two bedrooms, and $1,315 for three bedrooms. Apartment rent in Red Mile has increased by 9.2% in the past year.
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1 BR
-
587 sq ft
Average Sq Ft
-
$968/month
Average Rent
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2 BR
-
871 sq ft
Average Sq Ft
-
$1,111/month
Average Rent
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3 BR
-
1,096 sq ft
Average Sq Ft
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$1,315/month
Average Rent
Transportation
57
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
45
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
66
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Explorium
- State Botanical Garden of Kentucky
- Waveland State Historic Site
- Kentucky Horse Park
Military Bases
Airports
- Blue Grass
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.