Gem Lake, MN Rental Market Trends
What is the average rent in Gem Lake?
The average rent for an apartment in Gem Lake is $1,295, a 5% increase compared to the previous year, when the average rent was $1,228.
Average Rent in Gem Lake, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,295||5%||898 sq. ft.|
What is the average apartment size in Gem Lake?
The average size for a Gem Lake, MN apartment is 898 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Gem Lake, MN Apartment Rent Ranges
- > $2,0002%
Gem Lake, MN Occupied Housing Units
- Renter-occupied Households16%
- Owner-occupied Households83%
29 or 16% of the households in Gem Lake, MN are renter-occupied while 152 or 83% are owner-occupied.
Gem Lake, MN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Apr / 2021|
How Gem Lake Compares to Other Cities
|Average Rent||Y-o-Y Change|
|St. Louis Park||$1,596||-1%|
|West St. Paul||$1,161||5%|