
Cheap Homes for Rent in Gem Lake, MN from $1,300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Gem Lake.


1051 Arkwright St N

2193 1st St

74 Jessamine Ave W

932 York Ave

1326 Clarence St

950 Arkwright St N
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1709 Elm St

623 Maryland Ave E

3985 Parkridge Dr

137 Skyline Dr

571 County Rd B E

4140 Rice St

2955 Arcade St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Gem Lake, MN Local Guide

How much does it cost to rent a home in Gem Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gem Lake 2 Bedroom Homes for Rent | $1,844 | $1,375 | $2,000 |
| Gem Lake 3 Bedroom Homes for Rent | $2,438 | $1,495 | $4,300 |
| Gem Lake 4 Bedroom Homes for Rent | $3,031 | $2,325 | $4,500 |
| Gem Lake 5 Bedroom Homes for Rent | $3,434 | $2,400 | $4,900 |
| Gem Lake 6 Bedroom Homes for Rent | $2,895 | $2,895 | $2,895 |
Browse Top Homes for Rent in Gem Lake
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Gem Lake, MN Local Guide
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Cheapest Available Gem Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Gem Lake, MN is a 1 Bed unit found at 1871 7th St E in the Lake Shore Park neighborhood priced from $995. Westwood Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. Here is today’s list of the most affordable Gem Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1871 7th St E | 1871 1-Bedroom Rent Portfolio Wide | 1BR,1BA | $995 |
| Westwood Park | 1 Bedroom/1 Bath | 1BR,1BA | $1,020 |
| Northwood Villa | 1 Bedroom | 1BR,1BA | $1,195 |
| Cherry Court Apartments | The Apple | 1BR,1BA | $1,204 |
| Pineview Apartments | 2x1 800 | 2BR,1BA | $1,250 |
Best Value Apartments for Rent in Gem Lake, MN and Nearby
As of May 19, 2026 the best value apartment in the Gem Lake area is the $1.38 price per square foot Two Bedroom Model at Hoffman Place in the in the Hoffmans Corner neighborhood starting from $1,717. The second greatest value Gem Lake apartment is the 2 Bedroom - 2D Model at Maple Ridge Apartment Homes starting at $1,590 with a $1.53 price per square foot in the Ledgestone neighborhood. Here is today’s list of the best values for Gem Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hoffman Place | Two Bedroom | 2BR,2BA | $1.38 |
| Maple Ridge Apartment Homes | 2 Bedroom - 2D | 2BR,2BA | $1.53 |
| Park Avenue Townhomes | Two Bedroom | 2BR,1BA | $1.57 |
| Cottages of White Bear Lake Township | Two Bedroom | 2BR,1BA | $1.55 |
| The Grove of White Bear Lake | Cedar Mini Remodel 2nd Floor Scenic View | 2BR,2BA | $1.56 |
| White Bear Terrace | Two Bedroom 21A | 2BR,1BA | $1.32 |
| White Bear Manor Apartments | 2BR/1BA | 2BR,1BA | $1.42 |
| Pineview Apartments | 2x1 800 | 2BR,1BA | $1.56 |
| Northwood Villa | 1 Bedroom | 1BR,1BA | $1.58 |
| Westwood Park | 1 Bedroom/1 Bath | 1BR,1BA | $1.40 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Gem Lake
What type of rentals are currently available in Gem Lake?
There are currently 67 Apartments for Rent in Gem Lake, MN with pricing that ranges from $1,020 to $2,997. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gem Lake ranging from $1,375 to $4,995.
What is the current price range for Rental Homes in Gem Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gem Lake ranges from $1,375 to $4,995 with an average monthly rent of $3,106.
How much are larger Three and Four Bedroom Rentals in Gem Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Gem Lake range from $1,395 to $2,908, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,300. Four Bedroom Single-Family rentals are also available starting from $2,325 and Four Bedroom Apartments start at $2,997.
Expert Rental Resources
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.