Cheap Apartments for Rent in Loretto, MN from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Loretto.

Riverwalk Apartments

Shenandoah Woods Apartments

Plymouth Colony

Dockside Apartments on Lake Minnetonka

Bayview Apartments

Langdon Lake Apartments

Wayzata Lake Apartments

Granite Works Apartments

Minnetonka Edgewater

Lakecrest Apartments

Shoreline Place

Oakwood

Terra Residences

Harbor District Apartments

Rush Creek Apartments

Stoneleigh at the Reserve

Vicksburg Village
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 | $1,507 | $1,150 | $1,755 |
Loretto 1 Bedroom Apartments | $1,787 | $989 | $10,000+ |
Loretto 2 Bedroom Apartments | $2,518 | $1,150 | $10,000+ |
Loretto 3 Bedroom Apartments | $3,108 | $1,350 | $7,102 |
Loretto 4 Bedroom Apartments | $3,605 | $2,950 | $4,000 |
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Loretto, MN Local Guide
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Cheapest Neighborhoods for Apartments in Loretto, MN
Pricing Updated: 03/21/2025Current apartment rentals in the Loretto, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Loretto Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
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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 Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,095. Riverwalk Apartments in the Highland Ridge neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,189. Here is today’s list of the most affordable Loretto apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,095 |
Riverwalk Apartments | 2 bedroom 1 bath | 2BR,1BA | $1,189 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
Wayzata Woods Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,212 |
CURRENTS | A | Studio,1BA | $1,265 |
Best Value Apartments for Rent in Loretto, MN and Nearby
As of March 21, 2025 the best value apartment in the Loretto area is the $1.51 price per square foot 3 Bedroom 2 Bathroom Model at Wayzata Woods Apartments in the in the Groveland neighborhood starting from $2,000. The second greatest value Loretto apartment is the 2BR Model at Bayview Apartments starting at $2,000 with a $1.73 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. |
---|---|---|---|
Wayzata Woods Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.51 |
Bayview Apartments | 2BR | 2BR,2BA | $1.73 |
Park Place Apartments | A1R | 1BR,1BA | $1.71 |
Wayzata Lake Apartments | 2BR/1.0BA | 2BR,1BA | $1.66 |
Riverwalk Apartments | 2 bedroom 1 bath | 2BR,1BA | $1.35 |
Arbor Glen | Maple | 1BR,1BA | $1.77 |
Plymouth Square | Monterey | 1BR,1BA | $1.73 |
Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1.73 |
Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.66 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.56 |
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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
What is the Cheapest Studio apartment in Loretto?
Currently the most affordable Cheap Studio Apartment in Loretto is at CURRENTS listed at $1,265.
How much is rent for a Cheap One Bedroom Loretto Apartment?
The lowest price for a Cheap One Bedroom Loretto Apartment is $1,095 at Dockside Apartments 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 $1,189 at Riverwalk Apartments.
What is the most affordable Loretto Three Bedroom Apartment?
The best deal on a cheap Loretto Three Bedroom Apartment rental is at Wayzata Woods Apartments and starts from $2,000.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.