A lug nut retainer that holds a lug nut in position proximate to a wheel lug hole to accept a stud extended through the wheel lug hole and for resiliently urges the lug onto the stud while allowing the lug nut to rotate to screw onto and off of the stud. A resilient retaining clip is mounted onto the wheel to hold the lug nut in position near the wheel lug hole and to resiliently urge the lug nut towards the wheel lug hole. The retaining clip is fastened to the wheel lug hole by inserting an arm of the clip through two holes provided in the wheel. As an additional feature, a limit clip is provided that limits the motion of the retaining clip to decrease the likelihood that the retaining clip may be bent or damaged while allowing the retaining clip to be positioned on a nut. The lug nut is provided with a socket stop ring around which the retaining clip is positioned. The stop ring keeps the socket from rubbing against the retaining clip. For wheel types where the retaining clips protruding through the back of the wheel would contact the hub or otherwise interfere with other parts of the automobile, a retaining plate is attached to the wheel for holding the retaining and limit clips.