Homes & Apartments for Rent in Mountlake Terrace, WA 98043

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What to Know About

Life in Mountlake Terrace & Beyond

Mountlake Terrace shares many of the great qualities that make Washington a desirable place to live.

Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Mountlake Terrace, WA

As of October 2026, Mountlake Terrace's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mountlake Terrace's average rent is 44.4% ($810) higher than the Washington average of $1,825 and 44.9% ($816) higher than the U.S. average of $1,819.

Average Rent
$2,635
Monthly ChangeMonth Over Month Change
Increased3.4% ($87)
Yearly ChangeYear Over Year Change
Decreased5% ($139)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,932 Decreased3.9% ($79) Decreased7.7% ($162)
2 Beds $2,479 Decreased3.5% ($90) Decreased2.4% ($62)
3 Beds $3,149 Decreased5.8% ($194) Decreased3.8% ($124)
Nearby Cities Average Rent Avg. Rent vs. Mountlake TerraceAverage Rent vs. Mountlake Terrace Avg. Days on MarketAverage Days on Market
Edmonds $1,862 Decreased29.3% ($773) 32 days
Lynnwood $1,775 Decreased32.6% ($860) 27 days
Kenmore $1,927 Decreased26.9% ($708) 35 days
Bothell $2,621 Decreased0.5% ($14) 33 days
Kirkland $2,254 Decreased14.5% ($381) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Mountlake Terrace Rental Market FAQs

Explore rental prices, market trends, and availability in Mountlake Terrace, WA.

The average rent in Mountlake Terrace, WA is $2,635 per month.
Homes in Mountlake Terrace typically rent for between $1,352 and $4,094 per month, with an average of $2,635 per month.
In Mountlake Terrace, the average rent for a 1-bedroom home is $1,932 per month, for a 2-bedroom home, $2,479 per month, and a 3-bedroom home is $3,149 per month.
The average rent in Mountlake Terrace is 44.9% ($816) higher than the national average of $1,819 per month.
The average rent in Mountlake Terrace has increased by 3.4% ($87) in the last month and decreased by 5.0% ($139) over the past year.
The rental market in Mountlake Terrace, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Mountlake Terrace, WA, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 13 rental properties available in Mountlake Terrace, WA.
Based on the current averages, a household would need an annual income of $99,160 to comfortably afford a 2-bedroom home in Mountlake Terrace.
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