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Frequently asked questions
What is the average rent in Gem Lake, MN?
The average rent in Gem Lake, MN is $1,568.
What type of rental buildings are in Gem Lake, MN?
In Gem Lake, 10% of the residents are renting compared to 90% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Gem Lake's rentals, 41% are small-scale complexes with under 50 units, and 59% are single-family rentals.
What do typical apartment communities look like in Gem Lake, MN?
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Gem Lake are about 35 years old, on average. Of these, 37% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
What apartment floorplans are common in Gem Lake, MN?
Studio apartments in Gem Lake are around 2% of rentals, while 1-bedroom floor plans represent 45% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.