2 Days Ago
Highlights
Pet Friendly
Location
2875 Palumbo Dr, Lexington, KY 40509, USA
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Property Overview
Flats at 2875 receives an impressive Zumper Expert Rating of 8.4, showcasing its strong rental appeal. It scores exceptionally high in amenities (10/10) and price (9/10), reflecting an excellent balance of value and lifestyle offerings. Additionally, the property is well-situated, earning a location rating of 9/10, while also benefiting from a community atmosphere that supports social interactions and pet friendliness.
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- Images Available
Great for
Social life
Pet owners
Floor plans
| Newly-Renovated Studio Apartments! | Studio | 1 bath | 288 sqft | $945 /mo | 1 unit available | ||
| Newly-Renovated One-Bedroom Apartments! | 1 bed | 1 bath | 576 sqft | $1,095 /mo | 1 unit available | ||
| Newly Renovated 2 Bed, 1 Bath Apartments | 2 bed | 1 bath | 864 sqft | $1,345 /mo | 1 unit available | ||
| Newly Renovated 2 Bed, 2 Bath Apartments | 2 bed | 2 bath | 864 sqft | $1,395 /mo | 1 unit available |
Let's explore this property.
Amenities for Flats at 2875
Building
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 83 |
|---|
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About Flats at 2875
Flats at 2875 is getting a full top-to-bottom transformation, bringing completely renovated, single-story apartments to one of Lexington’s most connected, always-moving areas. With studio, one-bedroom, and two-bedroom layouts (2/1 and 2/2), each home is being rebuilt from scratch with brand-new kitchens, updated flooring and carpet, modern lighting, fresh paint, and refreshed exteriors. In-unit laundry is included, and new community additions like a fitness center and dedicated dog wash station make everyday life easier (and a little cleaner). Very near to Saint Joseph East, Hamburg Pavilion, Richmond Road shopping and dining and quick hops onto New Circle Road, I-75, and Man O’ War, Flats at 2875 is perfectly positioned for people who want convenience, good food, and the flexibility to be everywhere.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Flats at 2875 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Flats at 2875 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·9A 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.
Flats at 2875 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, Flats at 2875 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.
Flats at 2875 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 Flats at 2875 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.
Flats at 2875 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.
Flats at 2875 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 Flats at 2875 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Lexington
Studio apartments at Flats at 2875 cost about 3% more than the average rent price for studios in Lexington.
1-bedroom apartments here are priced 14% higher than 1-bedrooms in Lexington.
If you decide to upgrade your space, you can expect 2-bedrooms at Flats at 2875 to be 6% more than the average for similarly sized apartments in Lexington.
Median rents as of Jan 17 2026.
Lexington
| Month | Median Rent |
|---|---|
| February 2024 | $872 |
| March 2024 | $895 |
| April 2024 | $870 |
| May 2024 | $875 |
| June 2024 | $969 |
| July 2024 | $936 |
| August 2024 | $855 |
| September 2024 | $886 |
| October 2024 | $923 |
| 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 | $880 |
Affordability calculator
Can I afford to live at 2875 Palumbo Dr?
Bedrooms
Rent-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
$37,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $37,800 annually to afford this studio monthly rent price of $945.
For more information on rent affordability, visit our rent calculator.
Schools near Flats at 2875
Athens-Chilesburg Elementary School
930 jouett creek dr
lexington, KY, 40509
K-5Public
A
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
Fayette County Preschool
165 springhill dr
lexington, KY, 40503
PKPublic
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Internet available near Flats at 2875
Getting around Lexington near 2875 Palumbo Dr
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 2875 Palumbo Dr, Lexington
Groceries
4/10
At least one grocery store within a 30-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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