Cheap Apartments for Rent in Loretto, MN from $500 (40 Rentals)

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Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

300 Sunnyridge LnLoretto, MN 55357
Senior Living
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Stoneleigh at the Reserve
Rent Specials
$1,333 - $2,853
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $2,845
Required Monthly Fees
$8

Total Monthly Price
$1,333 - $2,853
Studio to 2 Bedroom Apartments Available Now

Stoneleigh at the Reserve

5200-5300 Annapolis Ln NPlymouth, MN 55446
Eco-Friendly
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  • Customer Reviewed
  • 3D Tour
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Wayzata Woods
Rent Specials
$1,400 - $2,627
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,627

Total Monthly Price
$1,400 - $2,627
1 to 2 Bedroom Apartments Available Now

Wayzata Woods

240 Central Ave NWayzata, MN 55391
Senior Living
  • Verified
  • Customer Reviewed
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Plymouth Square
$1,488 - $3,183
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $3,175
Required Monthly Fees
$8

Total Monthly Price
$1,488 - $3,183
1 to 3 Bedroom Apartments Available Aug 18

Plymouth Square

15300 37th Ave NPlymouth, MN 55446
Eco-Friendly
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  • Customer Reviewed
  • 3D Tour
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Avana Maple Grove
Rent Specials
$1,494 - $4,774
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,488 - $4,768
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Aug 31

Avana Maple Grove

9325 Garland LaneMaple Grove, MN 55311
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Gleason Lake
Rent Specials
$1,585 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,585 - $2,700

Total Monthly Price
$1,585 - $2,700
1 to 3 Bedroom Apartments Available Now

Gleason Lake

155 Gleason Lake RdWayzata, MN 55391
Family Friendly
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  • Customer Reviewed
  • Utilities Included
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Oakwood
Rent Specials
$1,699 - $3,189
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $3,185
Required Monthly Fees
$4

Total Monthly Price
$1,699 - $3,189
2 Bedroom Apartments Available Now

Oakwood

17600 14th Ave NPlymouth, MN 55447
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  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Rush Creek Apartments
Rent Specials
$1,721 - $2,656
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,665 - $2,600
Required Monthly Fees
$56

Total Monthly Price
$1,721 - $2,656
Studio to 3 Bedroom Apartments Available Now

Rush Creek Apartments

7148 Brockton Ln NMaple Grove, MN 55311
Corporate Housing
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Terra Residences
$1,743 - $2,677
Total Monthly Price

Total Monthly Price

Base Rent
$1,689 - $2,623
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Terra Residences

16101 N 99th PlMaple Grove, MN 55369
Outdoors
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The Edison at Maple Grove
Rent Specials
$1,783 - $2,867
Total Monthly Price

Total Monthly Price

Base Rent
$1,775 - $2,859
Required Monthly Fees
$8

Total Monthly Price
$1,783 - $2,867
Studio to 3 Bedroom Apartments Available Now

The Edison at Maple Grove

9820 Garland Ln NMaple Grove, MN 55311
Luxury
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Park Place Apartments
$1,825 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,814 - $2,389
Required Monthly Fees
$11

Total Monthly Price
$1,825 - $2,400
1 to 2 Bedroom Apartments Available Now

Park Place Apartments

14550 34th Ave NPlymouth, MN 55447
Eco-Friendly
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The Stax of Long Lake
Rent Specials
$2,063 - $2,758
Total Monthly Price

Total Monthly Price

Base Rent
$2,055 - $2,750
Required Monthly Fees
$8

Total Monthly Price
$2,063 - $2,758
1 to 2 Bedroom Apartments Available Now

The Stax of Long Lake

455 Virginia AveLong Lake, MN 55356
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included
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9080 County Road 50
Studio to 2 Bedroom Apartments

9080 County Road 50

9080 County Road 50Rockford, MN 55373
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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3455 Shoreline Dr
1 to 2 Bedroom Apartments

3455 Shoreline Dr

3455 Shoreline DrWayzata, MN 55391
property at 8551 Elm St

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

3 Bedroom, 1.5 Bath Townhome for Rent

Available Sep 10

8551 Elm St

RockfordMN55373
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Garland Commons - 55+
Studio to 2 Bedroom Apartments

Garland Commons - 55+

9651 Garland LnMaple Grove, MN 55311
Senior Living
  • Utilities Included
property at 116 Rockford Ave E

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Townhome for Rent

Available Now

116 Rockford Ave E

DelanoMN55328
property at 14169 68th Pl N

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

3 Bedroom Rentals

Available Now

14169 68th Pl N

Maple GroveMN55311
property at 13465 60th Pl N

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

2 Bedroom, 1 Bath Townhome for Rent

Available Now

13465 60th Pl N

MinneapolisMN55446
property at 11373 16th St NE

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

3 Bedroom, 3 Bath Townhome for Rent

Available Now

11373 16th St NE

Saint MichaelMN55376
property at 9357 Ranchview Ln N

$2,095

Total Monthly Price

Total Monthly Price

Base Rent
$2,095

Total Monthly Price
$2,095

3 Bedroom, 2 Bath Townhome for Rent

Available Now

9357 Ranchview Ln N

Maple GroveMN55369

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.

Loretto, MN Local Guide

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. Riverwalk Apartments in the Highland Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Loretto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Solace on Lake MinnetonkaHarrison1BR,1BA$1,050
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Dockside Apartments & Boat Slips - Lake MinnetonkaThe Marina1BR,1BA$1,220
CURRENTSAStudio,1BA$1,225
Minnetonka Edgewater Apartments and Boat SlipsThe Shoreline1BR,1BA$1,295
Stoneleigh at the ReserveThe ShaleStudio,1BA$1,333
3455 Shoreline Dr2 Bed/1 Bath2BR,1BA$1,350
Harbor District ApartmentsLarge one bedroom with in unit W/D1BR,1BA$1,395

Best Value Apartments for Rent in Loretto, MN and Nearby

As of August 15, 2026 the best value apartment in the Loretto area is the $1.73 price per square foot Freya Model at Norheim Townhomes in the in the Maple Grove neighborhood starting from $2,595. The second greatest value Loretto apartment is the B1R Model at Park Place Apartments starting at $1,880 with a $1.64 price per square foot in the Timber Creek Crossing Village neighborhood. Here is today’s list of the best values for Loretto apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Norheim TownhomesFreya2BR,1.5BA$1.73
Park Place ApartmentsB1R2BR,2BA$1.64
Wayzata WoodsB1 - Renovated2BR,1BA$1.79
Plymouth Colony2 Bed w/Laundry Remodelled2BR,1.5BA$1.58
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Shenandoah Woods2 Bedroom, Tax Credit2BR,1BA$1.70
3455 Shoreline Dr2 Bed/1 Bath2BR,1BA$1.69
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64
Dockside Apartments & Boat Slips - Lake MinnetonkaThe Marina1BR,1BA$1.74

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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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Pet Friendly Lifestyle

Ranked #

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Loretto, MN Rentals by Map

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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 $1,225.

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 $1,200 at Langdon Lake Apartments.

What is the most affordable Loretto Three Bedroom Apartment?

The best deal on a cheap Loretto Three Bedroom Apartment rental is at Wayzata Lake Apartments and starts from $1,835.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.