Wassmer Properties: Student Housing, Lexington Kentucky

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Welcome to Wassmer Properties 2022-23

Existing Residents

Commercial Leases

Available August 1, 2022   Wassmer Properties has taken full deposits and signed leases for 25% of our UK apartments by March 1, 2022. That is a full four months before the August 1, 2022 move in date. However we still have two bedroom apartments, three bedroom apartments, two bedroom townhomes available for August 1, 2022 as of March 1, 2022

Established in January 1979, this year marks Wassmer Properties' 40th anniversary for providing affordable academic housing in the closest and safest neighborhoods surrounding the University of Kentucky for students, graduate students, staff and faculty of the University of Kentucky.

With a property to fit any student's budget, Wassmer Properties continues to provide alternatives to the spiraling cost of University of Kentucky on-campus housing, both in the on-campus dormitories and the UK apartment complexes.

The demand for private student housing around the University of Kentucky has resulted in the development of apartment complexes in areas prone to property crimes and violent crimes. Wassmer Properties houses, apartments and townhomes are all located in Lexington's safest neighborhoods. All our buildings are located on or near Woodland Ave and the Woodland Park/Chevy Chase neighborhood.

Wassmer Properties buildings are all located within four blocks of the University of Kentucky's main campus. Many of our apartments/houses are closer to your classes than even the UK dormitories at Gregg Page or Commonwealth Village.

In fact currently (valid mid-August to mid-May which is 8 months) for 2020-21 Annual Price (based on academic year of eight months): $320.00 a year/$40.00 per month and a standard Permit Annual Price (based on academic year of eight months): $480.00. On top of that we all know the price will increase in August 2021, probably to over $45.00 per month for a commuter (C) permit!

So if you have a roommate make sure you add $70.00 per month to your monthly total rent if you decide to sign a lease on an apartment or home that requires you to drive to UK on a daily basis.

Make sure you add this parking permit expense to your calculations when you think you are saving money by renting an apartment or house far from the UK campus. The Commonwealth Stadium parking lot is where you will have to park your car should you rent an apartment that is further away from UK than walking distance.

UK Dorm rates GOING UP!

According to the Lexington Herald Leader newspaper printed December 13, 2017


Why You Should Lease From Wassmer Properties
  • 1

    Wassmer Properties owns a dozen buildings that are all located within four blocks of the University of Kentucky main campus. 100% of our apartments are situated off Euclid Ave (Avenue of Champions) and Woodland Ave near the W.T. Young Main Library.

  • 2

    Walkability is a key factor in why Wassmer Properties is 100% full every year. Even the UK website says that none of the newer UK student apartment complexes on South Broadway, Red Mile Road or Angliana Ave are not less than 10-minute walk.

    Students, remember you will be doing this walk to and from campus at least twice a day spending 15 minutes plus each way so for over one hour you could be out in the heat/rain/snow/cold walking back and forth to campus.

  • 3

    The UK 2018-2019 dormitory rates are posted on the University of Kentucky website:

    • $4,416.00 per semester (4 months) or $1,104.75 per month in a two bedroom suite at Boyd, Haggin, Holmes, Jewell, Lewis, Woodland Glen I, II, III, IV or V
    • $3,761.00 per semester (4 months) or $940.25 per month in a four-person suite in Donovan, Haggin, Johnson, Roselle, and Smith.

    Every single one of the Wassmer Properties apartments is LE$$ than all of the UK 2018-2019 dormitory rates! The housing rates quoted above do not include the mandatory dining plan that starts at $1,525.00/$381.00 per month or resident parking permit ($296.00). In fact, for our lower rental prices you get a full kitchen (not just a small microwave and a mini fridge), a living room, private bath, dishwasher, and your own bedroom with parking right outside your door with no additional parking permit fee all parking is included in the monthly rent!

  • 4

    The University of Kentucky Police Headquarters is located on the corner of Rose Street and Euclid Ave (Avenue of Champions). Our apartment buildings are less than four blocks from the UK Police Headquarters. All of our buildings are on the SAFE SIDE of the UK campus. None of our buildings are near the sketchy areas off South Broadway and off Red Mile Road. In fact, there is a new casino on Red Mile Road and we feel that will only increase the problems in that area.

  • 5

    In 2017-2018 the cost of an C parking sticker was $296.00 or $32.88 per month (remember to add that monthly cost in if you decide to rent an apartment far from UK campus) to park at the Commonwealth Stadium. If you decide to stay another year in the UK dorms the cost of an R parking sticker is $448.00 per year or $49.77 per month in addition to the dorm rental rate of over $1,100.00 per month!!

    If you are a resident of the north side dormitories you have to take the UK campus bus two miles in both directions just to reach your car at the stadium parking lot!!

    All Wassmer Properties apartments include an on-site parking lot and a 12-month (August to July) parking permit is included with your lease and the monthly rent.There is absolutely no addition fees for parking your car at Wassmer Properties.

    Many students remember or have stories of the unpaid UK parking tickets/tire boots and trying to register for classes for the next semester. Your roommate/friend "forgot" to tell you they got a parking ticket when they" borrowed" your car to get to class/library one night. So until you pay that UK parking ticket you cannot register or get your grades! Don't put yourself through this hassle again. Rent from Wassmer Properties where your parking is a sure thing.

  • 6
    This Old House

    Many, many UK students think renting an old house near campus would be so much fun. Most of the time this turns out not to be true. The old houses that surround UK are not insulated very well (landlords don't pay the utilities) and most have single-pane windows and drafty doors. The student ends up paying to heat and air condition the great outdoors. The plumbing in the old houses is mostly worn out and it is possible to wait 5 minutes for the toilet to fill or your shower pressure is just enough to get your head wet. Also, by having a house near campus there are always people over to visit or park in your yard and your grades are bound to suffer.

  • 7
    $22 million new Kroger Store on Euclid Ave

    In January 2015, the newest Kroger superstore opened on Euclid Ave. This new Kroger is 3 times the size of the old Kroger and has the freshest produce, meats, etc in Central Kentucky. Right next to the new Kroger is the Chevy Chase shopping area with banks (ATMs), drug stores, Starbucks, Domino's pizza, etc. All of this is in walking distance to all of Wassmer Properties apartment buildings located directly down Euclid Avenue (Avenue of Champions). If you choose to live in an apartment off South Broadway, Angliana Ave or Red Mile Road you are NOT located near ANY grocery stores, banks or drug stores. EVERYTHING you need will force you to make a trip in your car.

  • 8
    Don't let the bed bugs bite

    Wassmer Properties apartments are unfurnished and we do that for a reason. Our apartments all include stove/oven, refrigerator, microwave, dishwasher and some with washer/dryers BUT we never include used sofas, used chairs, used beds, used mattresses, etc. The bed bug outbreak is all too real and we do not feel that this is a very safe option for students. Wassmer Properties cleans all of their units between residents with steam heat on our hardwood floors and steam clean (not chemical/dry carpet cleaning) all our carpets. Heat over 140 degrees is known to kill bed bugs.

  • 9
    No roommate matching here

    There are horror stories all over UK campus of "the weird roommate" that students were matched with. There are stories of the roommate who "borrowed" the other roommate's car keys and wrecked the car. Or the roommates that were matched and then "the weird roommate" borrowed your $150.00 text book (you were matched since you have the same major) and then "left" your text book at the library. Or "the weird roommate" who didn't steal your credit card but took a cell phone photo of it and then used your credit card number to go shopping on the Internet, right before they headed home at the end of school in May.

    Wassmer Properties think that the actual students themselves are the best judge of who is and is not a good roommate and we let all our residents bring in roommates of their own choosing.

  • 10
    Use your student loan wisely

    There are estimates that over 60% of the UK students are carrying some form of student loan debt. Now it is time to make a list of your UK priorities. Do you really need to take borrowed student loan money and spend it at an apartment complex with a swimming pool (open only 90 days of the year, May 30th - September 1st), rec room, gym, tennis courts? Not only are you spending borrowed money for facilities you may or may not need or ever use but you have to pay your loan back over the next 5- 10 years with interest! Don't mortgage your future. Everyone has wants and needs. Rent only what you need.

    Do the math. Add up the cost of UK campus dormitories, mandatory meal plan, parking and compare. You’ll find that private housing is an attractive option — and we don’t kick you out for semester breaks at Christmas/New Year's and Spring break.

  • Finally... Do the math
    Add up the cost of UK campus dormitories, mandatory meal plan, parking and compare. You’ll find that private housing is an attractive option — and we don’t kick you out of your apartment for semester breaks at Christmas/New Year's and Spring break.

  • A word about Yelp

    Yelp's algorithm rewards companies that advertise with them. Wassmer Properties has refused to advertise on Yelp. Wassmer Properties does not support Yelp. In turn, Yelp does not support Wassmer Properties.


Find Your Apartment Home in Lexington For 2021-22

One-Bedroom Apartment Building

FREE on-site parking, full-size microwave, dishwasher, laminated wood flooring, double-pane insulated glass windows and insulated metal doors with deadbolts. Landlord pays city 100% of water, sewer and garbage fees.

201 Woodland Ave Suite 200

Available August 1, 2022

Large one-bedroom apartment: $900.00 per month or $450.00 per roommate per month

  • Apartment is 1920's with all-oak hard wood floors, 4 closets, wooden balcony off the back for sun and BBQ grill
  • Rent does not include natural gas or electric bills.
  • This is a BIG, BIG one-bedroom apartment which will easily fit a couple
  • Apartment has a brand new washer and dryer

More Details

Two-Bedroom Apartments and Townhouses

FREE on-site parking, laminated or hardwood flooring, double-pane insulated glass windows and insulated metal doors with deadbolts.

477 East Maxwell Street

Available August 1, 2022

Two-bedroom townhouse: 1,250.00 per month or $625.00 per roommate per month. Unit has a dishwasher, washer and dryer

  • All hardwood oak floors
  • Central heat and air conditioning
  • Front porch with porch swing
  • Balcony off master bedroom
  • Two wood-burning fireplaces

More Details

235 Woodland Avenue

Leased through end of July 2023

Two-Bedroom, one bathroom apartment

$980.00 per month or $490.00 per roommate

  • Apartment is 1930s with all oak hardwood floors
  • Wood burning fireplace in the living room
  • Covered balcony/porch located off living room facing Woodland Ave

More Details

223 Woodland Ave

Available August 1, 2022

Two bedroom, one bath townhouse, $1,350.00 per month or $675.00 per roommate per month

  • Central Heat and air conditioning in an all brick townhouse
  • Townhouse has a full size washer and dryer
  • Located just one block from Woodland Park
  • Woof! Meow! This apartment is pet-friendly

More Details

Three-Bedroom House

FREE on-site parking, laminated or hardwood flooring, double-pane insulated glass windows and insulated metal doors with deadbolts.

473 East Maxwell Street

Leased through end of July 2023

Rent the Whole House! Two Bedroom with office or three bedroom house $1,350.00 month for two roommates or $450.00 per roommate per month + electric, water, and natural gas with two roommates

  • House comes with a full-size washer, dryer and new 2018 dishwasher
  • Two wood-burning fireplaces, one in the living room and one in the master bedroom
  • Woof! Meow! This house is pet-friendly with an extra pet fee and pet deposit.

More Details

201 Woodland Ave Suite 250

Leased through end of July 2023

Three-bedroom apartment: $1,350.00 per month or $450.00 per roommate per month. Apartment has an additional office space that could be a fourth bedroom.

Extra large (over 2,000 sq. feet) 3-bedroom apartment from the 1920's with all hardwood oak floors and loads of closets and storage space.

  • Kitchen has a full size dishwasher, full size microwave, self cleaning oven, frost-free refrigerator
  • Apartment also has a full-size washer and full-size dryer included
  • Sorry, no pets allowed

More Details