Cheap Apartments for Rent in Loretto, MN from $500 (23 Rentals)

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

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Hillcrest Apartments
1 Bedroom Apartments

Hillcrest Apartments

300 Sunnyridge LnLoretto, MN 55357
Senior Living
  • Utilities Included
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
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Plymouth Square
1 to 3 Bedroom Apartments

Plymouth Square

15300 37th Ave NPlymouth, MN 55446
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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. 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 ListingModel NameBed/BathPriced From
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,095
Riverwalk Apartments2 bedroom 1 bath2BR,1BA$1,189
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
CURRENTSAStudio,1BA$1,265
Wayzata Woods Apartments2 Bedroom 1 Bathroom2BR,1BA$1,298

Best Value Apartments for Rent in Loretto, MN and Nearby

As of March 23, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wayzata Woods Apartments3 Bedroom 2 Bathroom3BR,2BA$1.51
Bayview Apartments2BR2BR,2BA$1.73
Park Place ApartmentsA1R1BR,1BA$1.71
Wayzata Lake Apartments2BR/1.0BA2BR,1BA$1.66
Riverwalk Apartments2 bedroom 1 bath2BR,1BA$1.35
Minnetonka EdgewaterLake View One Bedroom1BR,1BA$1.61
Plymouth SquareMonterey1BR,1BA$1.76
Shoreline Place2 bedroom / 1 bath2BR,1BA$1.73
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.66
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,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.

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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.

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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.

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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.

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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.