
Cheap Apartments for Rent in Loretto, MN from $1,061 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Loretto.


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Solace on Lake Minnetonka

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Plymouth Colony Apartments

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Bayview Apartments

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Shoreline Place

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Wayzata Lake Apartments

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Minnetonka Edgewater Apartments and Boat Slips

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Lakecrest Village (1 of 2)
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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Langdon Lake Apartments

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Dockside Apartments & Boat Slips - Lake Minnetonka

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CURRENTS

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Riverwalk Apartments

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Harbor District Apartments

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Wayzata Woods

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Stoneleigh at the Reserve

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Plymouth Square
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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Shenandoah Woods

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The Hamel

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Gleason Lake

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Oakwood

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Terra Residences

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Granite Works Apartments

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Vicksburg Village

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Birchwood Apartments
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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Park Place Apartments

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Rush Creek Apartments

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The Edison at Maple Grove

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Avana Maple Grove

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Risor of Maple Grove 55+

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Silvan Townhomes

8330 Cedar St

Bryant Wood Apartments
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.

9080 County Road 50

3455 Shoreline Dr

Highcroft Manor

8551 Elm St

Garland Commons - 55+

116 Rockford Ave E

18179 96th Ave N

15600 24th Ave N
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.

9649 Peony Ln N
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 | $1,312 | $1,097 | $1,550 |
| Loretto 1 Bedroom Apartments | $1,605 | $1,061 | $3,355 |
| Loretto 2 Bedroom Apartments | $2,811 | $1,200 | $7,308 |
| Loretto 3 Bedroom Apartments | $3,525 | $2,060 | $10,000+ |
| Loretto 4 Bedroom Apartments | $3,685 | $3,249 | $3,966 |
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 $1,096. Wayzata Lake Apartments in the Groveland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. 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 | $1,096 |
| Wayzata Lake Apartments | 0BR/1.0BA | Studio, 1BA | $1,175 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR, 1BA | $1,200 |
| Dockside Apartments & Boat Slips - Lake Minnetonka | The Marina | 1BR, 1BA | $1,220 |
| CURRENTS | A | Studio, 1BA | $1,225 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR, 1BA | $1,299 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR, 1BA | $1,395 |
| Stoneleigh at the Reserve | The Shale | Studio, 1BA | $1,433 |
| Plymouth Square | Monterey | 1BR, 1BA | $1,453 |
| Wayzata Woods | The Wildflower C | 1BR, 1BA | $1,475 |
Best Value Apartments for Rent in Loretto, MN and Nearby
As of September 29, 2026 the best value apartment in the Loretto area is the $1.91 price per square foot Cypress Model at Olive Lane in the Maple Grove neighborhood starting from $3,178. The second greatest value Loretto apartment is the Bodie Model at Norheim Townhomes in the Maple Grove neighborhood starting at $2,595 with a $1.74 price per square foot. 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. |
|---|---|---|---|
| Olive Lane | Cypress | 3BR, 2.5BA | $1.91 |
| Norheim Townhomes | Bodie | 2BR, 2.5BA | $1.74 |
| Avana Maple Grove | Cherrywood | 3BR, 2BA | $1.85 |
| Bayview Apartments | 2BR | 2BR, 2BA | $1.39 |
| Park Place Apartments | A1R | 1BR, 1BA | $1.77 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR, 1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR, 1BA | $1.36 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR, 1BA | $1.86 |
| Lakecrest Village (1 of 2) | 1 Bedroom 1 Bathroom | 1BR, 1BA | $1.64 |
| Dockside Apartments & Boat Slips - Lake Minnetonka | The Marina | 1BR, 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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 Wayzata Lake Apartments listed at $1,175.
How much is rent for a Cheap One Bedroom Loretto Apartment?
The lowest price for a Cheap One Bedroom Loretto Apartment is $1,096 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 Vicksburg Village and starts from $2,060.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.