
Cheap Homes for Rent in Loretto, MN from $1,600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Loretto.


1730 Merrimac Ln N
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.

4973 3 Points Blvd

17678 96th Ave N
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

4514 Quantico Ln N

6597 Olive Ln N
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

15609 27th Ave N

8919 Olive Ln N
Loretto, MN Local Guide

How much does it cost to rent a home in Loretto?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Loretto 2 Bedroom Homes for Rent | $2,373 | $1,950 | $3,600 |
Loretto 3 Bedroom Homes for Rent | $2,740 | $1,695 | $7,500 |
Loretto 4 Bedroom Homes for Rent | $3,548 | $2,795 | $5,500 |
Loretto 5 Bedroom Homes for Rent | $6,252 | $2,775 | $10,000+ |
Browse Top Homes for Rent in Loretto
Explore Loretto
Loretto, MN Local Guide
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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 $1,070. Minnetonka Edgewater in the Laketown Colonial Townhomes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. 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 | $1,070 |
Minnetonka Edgewater | One Free Months Rent! Newly Renovated Studios! | Studio,1BA | $1,150 |
Wayzata Lake Apartments | 0BR/1.0BA | Studio,1BA | $1,175 |
Best Value Apartments for Rent in Loretto, MN and Nearby
As of May 11, 2025 the best value apartment in the Loretto area is the $1.25 price per square foot 2 BR/1 BA Model at Langdon Lake Apartments in the in the Outlying Hennepin Far Western Suburbs neighborhood starting from $1,200. The second greatest value Loretto apartment is the A1R Model at Park Place Apartments starting at $1,579 with a $1.65 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.25 |
Park Place Apartments | A1R | 1BR,1BA | $1.65 |
Harbor District Apartments | Lakeside One Bedroom with Bosch W/D | 1BR,1BA | $1.70 |
Arbor Glen | Maple | 1BR,1BA | $1.77 |
Vicksburg Village | Richmond | 1BR,1BA | $1.83 |
Stoneleigh at the Reserve | The Slate | 1BR,1BA | $1.83 |
Plymouth Square | Monterey | 1BR,1BA | $1.82 |
Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1.73 |
Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.78 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.53 |
Quick Rent Budget Calculator
How much rent can you afford?
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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 $1,000 to $6,048. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loretto ranging from $1,695 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 $1,695 to $15,000 with an average monthly rent of $3,728.
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 $5,848, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,795 and Four Bedroom Apartments start at $3,350.
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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.