Cheap Homes for Rent in Loretto, MN from $1,500 (10 Rentals)

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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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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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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 Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,095. Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Loretto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dockside Apartments on Lake MinnetonkaThe Marina1BR,1BA$1,095
Shoreline Place2 bedroom / 1 bath2BR,1BA$1,200
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200

Best Value Apartments for Rent in Loretto, MN and Nearby

As of June 27, 2025 the best value apartment in the Loretto area is the $1.81 price per square foot Bodie Model at Norheim Townhomes in the in the Main Street Maple Grove neighborhood starting from $2,695. The second greatest value Loretto apartment is the 2 Bed (A) Model at Silvan Townhomes starting at $1,950 with a $1.83 price per square foot in the Hidden Creek Estates 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 TownhomesBodie2BR,2.5BA$1.81
Silvan Townhomes2 Bed (A)2BR,1.5BA$1.83
Park Place ApartmentsA1R1BR,1BA$1.66
Wayzata Lake Apartments2BR/1.0BA2BR,1BA$1.58
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Arbor GlenMaple1BR,1BA$1.82
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1.71
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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Frequently Asked Questions about Loretto

What type of rentals are currently available in Loretto?

There are currently 43 Apartments for Rent in Loretto, MN with pricing that ranges from $949 to $6,192. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loretto ranging from $1,500 to $15,000.

What is the current price range for Rental Homes in Loretto?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Loretto ranges from $1,500 to $15,000 with an average monthly rent of $3,651.

How much are larger Three and Four Bedroom Rentals in Loretto?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Loretto range from $1,350 to $6,192, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,545 and Four Bedroom Apartments start at $3,114.

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.