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

Shoreline Place

CURRENTS

Lakecrest Apartments
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.

Plymouth Colony

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Dockside Apartments on Lake Minnetonka

Langdon Lake Apartments

Minnetonka Edgewater

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Wayzata Woods

Riverwalk Apartments
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.

Stoneleigh at the Reserve

Granite Works Apartments

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Oakwood

Shenandoah Woods Apartments

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Rush Creek Apartments

Arbor Glen
Cash 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.

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Gleason Lake

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Vicksburg Village

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Terra Residences

Park Place Apartments

8330 Cedar St
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.

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 | $1,284 | $1,000 | $1,454 |
| Loretto 1 Bedroom Apartments | $1,566 | $1,120 | $2,205 |
| Loretto 2 Bedroom Apartments | $2,210 | $975 | $7,552 |
| Loretto 3 Bedroom Apartments | $2,913 | $1,350 | $3,605 |
| Loretto 4 Bedroom Apartments | $3,589 | $2,895 | $4,025 |
Browse Top Apartments in Loretto
See all Apartments in LorettoExplore Loretto
Loretto, MN Local Guide
- Nearby Cities
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Cheapest Available Loretto Apartments for Rent and Nearby
 The cheapest available apartment rental in Loretto, MN is a 2 Beds unit found at Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,059. CURRENTS in the Timber Creek Crossing Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,064. Here is today’s list of the most affordable Loretto apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
| CURRENTS | A | Studio,1BA | $1,064 |
| Lakecrest Apartments | 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 |
| Minnetonka Edgewater | One Bedroom, One Bathroom | 1BR,1BA | $1,250 |
| Bayview Apartments | 1BR | 1BR,1BA | $1,250 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1,345 |
| Plymouth Square | Monterey | 1BR,1BA | $1,375 |
| Stoneleigh at the Reserve | The Shale | Studio,1BA | $1,390 |
Best Value Apartments for Rent in Loretto, MN and Nearby
As of December 16, 2025 the best value apartment in the Loretto area is the $1.77 price per square foot Freya Model at Norheim Townhomes in the in the Main Street Maple Grove neighborhood starting from $2,645. The second greatest value Loretto apartment is the 2 BR/1 BA Model at Langdon Lake Apartments starting at $1,200 with a $1.25 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. |
|---|---|---|---|
| Norheim Townhomes | Freya | 2BR,1.5BA | $1.77 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.25 |
| Park Place Apartments | A1R | 1BR,1BA | $1.66 |
| Bayview Apartments | 1BR | 1BR,1BA | $1.39 |
| Shenandoah Woods Apartments | 2 Bed/1 | 2BR,2BA | $1.67 |
| Wayzata Lake Apartments | 1BR/1.0BA | 1BR,1BA | $1.66 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.70 |
| Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
| Lakecrest Apartments | 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 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.
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
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
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 $1,093 at CURRENTS.
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 Shenandoah Woods Apartments and starts from $1,800.
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

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


