
Cheap Apartments for Rent in Loretto, MN from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Loretto.


9080 County Road 50

Bayview Apartments

Solace on Lake Minnetonka

Shoreline Place

CURRENTS
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Lakecrest Village

Total Monthly Price
Dockside Apartments on Lake Minnetonka

Plymouth Colony

Langdon Lake Apartments

Highcroft Manor Apartments Located in Wayzata, MN

Total Monthly Price
Wayzata Woods
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Riverwalk Apartments

Stoneleigh at the Reserve

Total Monthly Price
Vicksburg Village

Granite Works Apartments

Harbor District Apartments

Plymouth Square
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Shenandoah Woods Apartments

Total Monthly Price
Rush Creek Apartments

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Terra Residences

Total Monthly Price
Park Place Apartments

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Oakwood

Total Monthly Price
Gleason Lake
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Bryant Wood Apartments

533 Maple Square
Loretto, MN Local Guide

How much does it cost to rent an apartment in Loretto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Loretto Studio Apartments | $1,348 | $1,000 | $1,494 |
| Loretto 1 Bedroom Apartments | $1,506 | $1,050 | $2,206 |
| Loretto 2 Bedroom Apartments | $2,167 | $975 | $7,552 |
| Loretto 3 Bedroom Apartments | $2,977 | $1,350 | $3,605 |
| Loretto 4 Bedroom Apartments | $3,575 | $2,895 | $4,025 |
Browse Top Apartments in Loretto
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Loretto, MN Local Guide
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Cheapest Available Loretto Apartments for Rent and Nearby
 The cheapest available apartment rental in Loretto, MN is a 1 Bed unit found at Solace on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,050. Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,059. Here is today’s list of the most affordable Loretto apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Solace on Lake Minnetonka | Harrison | 1BR,1BA | $1,050 |
| Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
| CURRENTS | A | Studio,1BA | $1,064 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,099 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,120 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Highcroft Manor Apartments Located in Wayzata, MN | 1BR/1.0BA | 1BR,1BA | $1,250 |
| Plymouth Colony | One Bed Remodelled | 1BR,1BA | $1,260 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1,300 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1,369 |
Best Value Apartments for Rent in Loretto, MN and Nearby
As of February 03, 2026 the best value apartment in the Loretto area is the $1.63 price per square foot WEAVER Model at Rush Creek Apartments in the in the Delgany Vineyards neighborhood starting from $2,464. The second greatest value Loretto apartment is the 2BR Model at Bayview Apartments starting at $1,600 with a $1.45 price per square foot in the Outlying Hennepin Far Western Suburbs neighborhood. Here is today’s list of the best values for Loretto apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Rush Creek Apartments | WEAVER | 3BR,2BA | $1.63 |
| Bayview Apartments | 2BR | 2BR,2BA | $1.45 |
| Park Place Apartments | A1R | 1BR,1BA | $1.54 |
| Plymouth Colony | 2 Bed w/Laundry Remodelled | 2BR,1.5BA | $1.52 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.52 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Highcroft Manor Apartments Located in Wayzata, MN | 1BR/1.0BA | 1BR,1BA | $1.48 |
| Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.51 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.60 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Loretto, MN Rentals by Map
See the most popular apartments and homes in Loretto, MN
Frequently Asked Questions about Cheap Loretto Apartments
What is the Cheapest Studio apartment in Loretto?
Currently the most affordable Cheap Studio Apartment in Loretto is at CURRENTS listed at $1,064.
How much is rent for a Cheap One Bedroom Loretto Apartment?
The lowest price for a Cheap One Bedroom Loretto Apartment is $1,050 at Solace on Lake Minnetonka.
What is the lowest price for a Cheap Two Bedroom Loretto Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Loretto is starting from $1,059 at Shoreline Place.
What is the most affordable Loretto Three Bedroom Apartment?
The best deal on a cheap Loretto Three Bedroom Apartment rental is at Vicksburg Village and starts from $2,113.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.