Cheap Apartments for Rent in Loretto, MN from $500 (25 Rentals)

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Hillcrest Apartments
1 Bedroom Apartments

Hillcrest Apartments

300 Sunnyridge LnLoretto, MN 55357
Senior Living
  • Utilities Included

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.

Read Article

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.

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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.

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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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Plymouth Square
1 to 3 Bedroom Apartments

Plymouth Square

15300 37th Ave NPlymouth, MN 55446

Navigating 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.

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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 Riverwalk Apartments in the Highland Ridge neighborhood priced from $929. Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,120. Here is today’s list of the most affordable Loretto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$929
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,120
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1,150
Shoreline Place2 bedroom / 1 bath2BR,1BA$1,200
CURRENTSAStudio,1BA$1,265

Best Value Apartments for Rent in Loretto, MN and Nearby

As of July 25, 2025 the best value apartment in the Loretto area is the $1.75 price per square foot Henrik Model at Norheim Townhomes in the in the Main Street Maple Grove neighborhood starting from $3,355. The second greatest value Loretto apartment is the B-1 Model at Fernbrook Townhomes starting at $2,095 with a $1.75 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 TownhomesHenrik3BR,2.5BA$1.75
Fernbrook TownhomesB-13BR,2BA$1.75
Plymouth SquareCaribbean2BR,2BA$1.65
Park Place ApartmentsA1R1BR,1BA$1.67
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.45
Shenandoah Woods Apartments2 Bed/2 Bath2BR,2BA$1.78
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Shoreline Place2 bedroom / 1 bath2BR,1BA$1.60
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1.78
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.60

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

Explore Loretto, MN Rentals by Map

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Getting Around Loretto, MN

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Loretto Apartments

How much is rent for a Cheap One Bedroom Loretto Apartment?

The lowest price for a Cheap One Bedroom Loretto Apartment is $929 at Riverwalk Apartments.

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 Shoreline Place.

What is the most affordable Loretto Three Bedroom Apartment?

The best deal on a cheap Loretto Three Bedroom Apartment rental is at Fernbrook Townhomes and starts from $2,095.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.