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Updated 2 Days Ago

Location

471 Price Rd, Lexington, KY 40508, USA
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Contact

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Management

L.E.A. Properties LLC DBA Beacon

Our team has verified this company

Leasing office

(502) 264-8703

Property Overview

Ferrill Square Apartments 55+ is a highly rated option with renovated apartments, strong overall quality, and excellent value. Its 9.8 expert rating reflects standout scores for price, location, and trustworthiness, while nearby public transportation adds convenience.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.8
Excellent
Earning an outstanding 9.8 out of 10 overall rating, Ferrill Square Apartments 55+ is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • High school nearby
  • Elementary school nearby
  • Elevator

Floor plans

One Bedroom1 bed1 bath550 sqft$960 /mo2 units available

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Amenities for Ferrill Square Apartments 55+

Building

ElevatorModern Laundry Facilities
Smoke-freeWheelchair Accessible

Services

By Appointment OnlyProfessional On-Site Maintenance
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

Units59
Lease terms12 months

About Ferrill Square Apartments 55+

Managed by L.E.A. Properties LLC DBA Beacon
L.E.A. Properties LLC DBA Beacon 1 of 4L.E.A. Properties LLC DBA Beacon 2 of 4L.E.A. Properties LLC DBA Beacon 3 of 4L.E.A. Properties LLC DBA Beacon 4 of 4
HomeApartments in Lexington Ferrill Square Apartments 55+

Ferrill Square Apartments is located in Lexington, Kentucky. This property consists of 59 units one-bedroom apartments with low income housing tax credit with 80% of the resident population consisting of at least one household member that is 55 years of age or older. Ferrill Square, formerly known as Douglass School was one of first projects to be financed through Lexington's Affordable Housing Trust Fund. Douglass School, owned by First African Baptist Church sat vacant from 1972 to 1999. It was then renovated to become Kanisa Apartments. In 2012 the apartments were renamed Ferrill Square after London Ferrill, a former preacher at First African Baptist Church.


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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.
9.8
/10
Excellent
Earning an outstanding 9.8 out of 10 overall rating, Ferrill Square Apartments 55+ is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated Ferrill Square Apartments 55+
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.
Ferrill Square Apartments 55+ 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·9A 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.
Ferrill Square Apartments 55+ goes above and beyond to provide sought-after conveniences and desirable perks, including by appointment only. Renters looking for popular or luxurious features will find them here—and for that reason, Ferrill Square Apartments 55+ receives one of the highest amenities scores.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Ferrill Square Apartments 55+ offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
Ferrill Square Apartments 55+ has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Ferrill Square Apartments 55+.
Trustworthiness·10A 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.
Ferrill Square Apartments 55+ sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making Ferrill Square Apartments 55+ a trustworthy choice for potential residents.

Reviews from the web

Showing 2 highest rated

I lived there 2 years people where very busy it was secure and clean will move back Church next door staff was very nice❤

Emma Hazely

Emma Hazely

Mar 31, 2023

1 star is to generous. Bedbugs and roaches everywhere. Crazy people running around with bats trying to hit people. The staff is ignorant and well I'll remain nice.

Ryder Simba

Ryder Simba

Aug 08, 2024

We’re sharing just 2 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

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 Ferrill Square Apartments 55+ compares to other nearby properties.

Positives

High school nearby
There is a high school 0.1 miles away
Elementary school nearby
There is an elementary school 0.3 miles away
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this property

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Managed by L.E.A. Properties LLC DBA Beacon

L.E.A. Properties LLC DBA Beacon

Beacon is a limited-liability company founded in 1998 to develop and manage a diverse portfolio of affordable housing. SOCAYR Inc. is a non-profit, 501c3, founded in 1998 to continue in the development and management of affordable housing. The Property Management Division has been successful in conducting lease ups of over 50 new properties since its inception. Currently, there are 96 communities comprised of 5,881 housing units managed by Beacon Property Management. Our staff is seasoned, experienced, and certified. Beacon currently employs more than 140 housing professionals in various capacities.

Rent trends in Lexington

1-bedroom apartments at Ferrill Square Apartments 55+ cost about 4% less than the average rent price for 1-bedroom apartments in Lexington.

Median rents as of Oct 17 2026.
Lexington
A table of studio rental data trends in Lexington
MonthMedian 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 471 Price Rd?

Bedrooms

1 bedroom

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

$38,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,400 annually to afford this 1-bedroom monthly rent price of $960.
For more information on rent affordability, visit our rent calculator.

Schools near Ferrill Square Apartments 55+

Booker T. Washington Elementary School

707 howard st

lexington, KY, 40508

PK, K-5Public
C+

Community Action Council The Prep Academy BCTC Child Development Center

164 opportunity way

lexington, KY, 40511

PKPublic

Coventry Oak Elementary School

2441 huntly pl

lexington, KY, 40511

PK, K-5Public
C+

Rise STEM Academy for Girls

2420 spurr rd

lexington, KY, 40511

K-8Public
C+

Fcps Virtual Academy

701 east main st

lexington, KY, 40502

K-12Public
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Getting around Lexington near 471 Price Rd

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
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 471 Price Rd, Lexington

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

3/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 471 Price Rd

Shopper's Choice Market
649 Georgetown St
Kroger
1600 Leestown Rd
ALDI
1509 Colesbury Cir
Lexington Farmers' Market
628 N Broadway
Walmart Supercenter
500 W New Circle Rd

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