Loewner rational interpolation provides a versatile tool to learn low-dimensional dynamical-system models from frequency-response measurements. This work investigates the robustness of the Loewner approach to noise. The key finding is that if the measurements are polluted with Gaussian noise, then the error due to the noise grows at most linearly with the standard deviation with high probability under certain conditions. The analysis gives insights on how to make the Loewner approach robust against noise via linear transformations and judicious selections of measurements. Numerical results demonstrate the linear growth of the error on benchmark examples.