Cheap Apartments for Rent in Loretto, MN from $500 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Loretto.

property at 127 Hillview Ln

$1,800

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

127 Hillview Ln

LorettoMN55357
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Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

300 Sunnyridge LnLoretto, MN 55357
Senior Living
  • 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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Wayzata Woods
Rent Specials
$1,300 - $2,380
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,380

Total Monthly Price
$1,300 - $2,380
1 to 3 Bedroom Apartments Available Now

Wayzata Woods

240 Central Ave NWayzata, MN 55391
Senior Living
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  • Customer Reviewed
  • 3D Tour
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Stoneleigh at the Reserve
$1,378 - $3,418
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $3,410
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Stoneleigh at the Reserve

5200-5300 Annapolis Ln NPlymouth, MN 55446
Eco-Friendly
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Plymouth Square
$1,458 - $3,318
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $3,310
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Plymouth Square

15300 37th Ave NPlymouth, MN 55446
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Oakwood
Rent Specials
$1,469 - $3,559
Total Monthly Price

Total Monthly Price

Base Rent
$1,465 - $3,555
Required Monthly Fees
$4

Total Monthly Price
$1,469 - $3,559
1 to 2 Bedroom Apartments Available Now

Oakwood

17600 14th Ave NPlymouth, MN 55447
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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.

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Avana Maple Grove
$1,569 - $3,172
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,543 - $3,146
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Avana Maple Grove

9325 Garland LaneMaple Grove, MN 55311
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Vicksburg Village
$1,576 - $4,515
Total Monthly Price

Total Monthly Price

Base Rent
$1,576 - $4,515

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Vicksburg Village

15730 Rockford RdPlymouth, MN 55446
Furnished
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Gleason Lake
$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
Outdoors
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  • Utilities Included
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Park Place Apartments
$1,635 - $2,190
Total Monthly Price

Total Monthly Price

Base Rent
$1,624 - $2,179
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Park Place Apartments

14550 34th Ave NPlymouth, MN 55447
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Rush Creek Apartments
Rent Specials
$1,644 - $2,354
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,640 - $2,350
Required Monthly Fees
$4

Total Monthly Price
$1,644 - $2,354
Studio to 3 Bedroom Apartments Available Now

Rush Creek Apartments

7148 Brockton Ln NMaple Grove, MN 55311
Corporate Housing
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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.

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Terra Residences
$1,743 - $2,713
Total Monthly Price

Total Monthly Price

Base Rent
$1,689 - $2,659
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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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
property at 5789 Sunset Rd

$1,624

Total Monthly Price

Total Monthly Price

Base Rent
$1,624

Total Monthly Price
$1,624

3 Bedroom Rentals

Available Now

5789 Sunset Rd

MoundMN55364
property at 8627 Woodlawn Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1 Bath Condo for Rent

Available Now

8627 Woodlawn Dr

RockfordMN55373

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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Garland Commons - 55+
Studio to 2 Bedroom Apartments

Garland Commons - 55+

9651 Garland LnMaple Grove, MN 55311
Senior Living
  • Utilities Included
property at 15800 26th Ave N

$1,899

Total Monthly Price

Total Monthly Price

Base Rent
$1,899

Total Monthly Price
$1,899

2 Bedroom, 2 Bath Townhome for Rent

Available Jul 1

15800 26th Ave N

MinneapolisMN55447
property at 17941 69th Pl N

$2,095

Total Monthly Price

Total Monthly Price

Base Rent
$2,095

Total Monthly Price
$2,095

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

17941 69th Pl N

Maple GroveMN55311
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Fernbrook Townhomes
2 to 3 Bedroom Apartments

Fernbrook Townhomes

14200-14224 43rd Ave NPlymouth, MN 55446
property at 17644 69th Pl N

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 4 Bath Townhome for Rent

Available Jul 1

17644 69th Pl N

Maple GroveMN55311
property at 9012 Garland Ln N

$2,225

Total Monthly Price

Total Monthly Price

Base Rent
$2,225

Total Monthly Price
$2,225

3 Bedroom, 3 Bath Townhome for Rent

Available Jul 1

9012 Garland Ln N

Maple GroveMN55311
property at 13905 54th Ave N

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

2 Bedroom, 2 Bath Townhome for Rent

Available May 15

13905 54th Ave N

MinneapolisMN55446
property at 5040 Holly Ln N

$2,295

Total Monthly Price

Total Monthly Price

Base Rent
$2,295

Total Monthly Price
$2,295

3 Bedroom, 3 Bath Townhome for Rent

Available May 16

5040 Holly Ln N

PlymouthMN55446

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.

Loretto, MN Local Guide

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. Bayview Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Loretto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoreline Place2 bed / 1 ba2BR,1BA$1,059
Bayview ApartmentsStudioStudio,1BA$1,100
3455 Shoreline Dr1 Bed/1 Bath1BR,1BA$1,125
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
CURRENTSAStudio,1BA$1,225
Riverwalk Apartments2 bedroom remodel2BR,1BA$1,299
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1,300
Stoneleigh at the ReserveThe ShaleStudio,1BA$1,378
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 May 06, 2026 the best value apartment in the Loretto area is the $1.69 price per square foot Birch. Model at Birchwood Apartments in the in the Main Street Maple Grove neighborhood starting from $2,095. The second greatest value Loretto apartment is the B2R Model at Park Place Apartments starting at $2,000 with a $1.68 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.
Birchwood ApartmentsBirch.2BR,2BA$1.69
Park Place ApartmentsB2R2BR,2BA$1.68
Highcroft Manor Apartments Located in Wayzata, MN2BR/2.0BA2BR,2BA$1.55
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Shenandoah Woods2 Bedroom, Tax Credit2BR,1BA$1.65
3455 Shoreline Dr2 Bed/1 Bath2BR,1BA$1.81
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1.65
Shoreline Place2 bed / 1 ba (updated)2BR,1BA$1.60
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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 Bayview Apartments listed at $1,100.

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

The lowest price for a Cheap One Bedroom Loretto Apartment is $1,125 at 3455 Shoreline Dr.

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 $2,220.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.