To investigate the effects of incorporating gas and the associated influencing factors on polymer melt, a method of evaluating the gas-laden ability using modified rheometric measurements was proposed. In this study, common and widely used thermoplastic materials—polypropylene (PP) and high-density polyethylene (HDPE), and their blends with different weight ratios—were selected, and the rheological properties of neat melt and gas-laden melts were tested using a modified torque rheometer. The foamed samples were also produced using a regular injection-molding machine, and the foamed morphology was examined by scanning electron microscope (SEM). The comparison of rheological curves of neat melt and gas-laden melt indicated that the incorporation of gas influenced the rheological properties of the gas-laden polymer melts as evidenced by a decrease of zero-rotational torque and an increase in the melt flow index. The results also suggested that the gas-laden ability of polymer melt could be evaluated quantitatively by the decay (due to desorption) of gas using the modified rheological measurement method. This study also demonstrated that the gas-laden ability can be used to predict the foaming behavior of polymer melts.