Updated 5+ Days Ago
Location
317 Transylvania Park, Lexington, KY 40508, USA
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Property Overview
Terraces earns a strong overall impression with an 8.3 Zumper expert rating, reflecting excellent value, solid amenities, and a highly convenient location. It may appeal to renters who value an active social environment, with many nearby restaurants, parks, mixed-use spaces, and walkable access to surrounding areas, though public transit is farther away.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Middle school nearby
- Laundry available on site
Great for
Social life
Floor plans
| Studios On Campus, Some Newly Remodeled! | Studio | 1 bath | 550 sqft | $895 /mo | 1 unit available |
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Amenities for Terraces
Building
| Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 8 |
|---|
About Terraces
Terraces cost $895 per month. A couple amenities for this apartment building include but are not limited to: on-site laundry. Located at 317 Transylvania Park, Lexington, KY 40508, USA, Terraces has studio bedroom units available. Based on the average rent price of studio in Lexington, renting an apartment at Terraces is 6% cheaper per month.Other apartment buildings in or around Lexington include but are not limited to: 2504 Larkin Rd, 2044 Georgian Way, 1749 Liberty Rd, 426 E High St
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Terraces is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terraces has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Terraces offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Terraces is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Terraces is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Terraces does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Terraces provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Terraces is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Terraces compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 miles away
- Middle school nearby
- There is a middle school 0.5 miles away
- Laundry available on site
- Washers and dryers are available in-building
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1.0 miles away
- Lacks images
- Fewer than 5 photos available for this property
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Rent trends in Lexington
studio apartments at Terraces cost about 6% less than the average rent price for studio apartments in Lexington.
Median rents as of Oct 17 2026.
Lexington
| Month | Median Rent |
|---|---|
| November 2024 | $915 |
| December 2024 | $934 |
| January 2025 | $925 |
| February 2025 | $904 |
| March 2025 | $865 |
| April 2025 | $774 |
| May 2025 | $788 |
| June 2025 | $880 |
| July 2025 | $979 |
| August 2025 | $1,056 |
| September 2025 | $1,025 |
| October 2025 | $875 |
| November 2025 | $887 |
| December 2025 | $947 |
| January 2026 | $879 |
| February 2026 | $921 |
| March 2026 | $885 |
| April 2026 | $1,002 |
| May 2026 | $977 |
| June 2026 | $983 |
| July 2026 | $1,001 |
| August 2026 | $1,126 |
| September 2026 | $1,182 |
| October 2026 | $981 |
Affordability calculator
Can I afford to live at 317 Transylvania Park?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$35,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this studio monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.
Schools near Terraces
Fcps Virtual Academy
701 east main st
lexington, KY, 40502
K-12Public
Ashland Elementary School
195 n ashland ave
lexington, KY, 40502
K-5Public
A
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
Fayette County Preschool
165 springhill dr
lexington, KY, 40503
PKPublic
Booker T. Washington Elementary School
707 howard st
lexington, KY, 40508
PK, K-5Public
C+
Getting around Lexington near 317 Transylvania Park
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 317 Transylvania Park, Lexington
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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