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Homes & Apartments for Rent in Mountlake Terrace, WA

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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

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As of October 2026, Mountlake Terrace's rental market is stable, with rentals spending about 31 days on the market, about the same as in Washington (31), and rents down 1.7% over the past year. Mountlake Terrace's average rent is 7.0% ($150) higher than the Washington average of $2,139 and 9.9% ($207) higher than the U.S. average of $2,082.

Average Rent
$2,289
Monthly ChangeMonth Over Month Change
Increased0.04% ($1)
Yearly ChangeYear Over Year Change
Decreased1.7% ($39)
Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,798 Decreased0.04% ($1) Decreased1.7% ($30)
2 Beds $2,348 Decreased0.02% Decreased1.9% ($45)
3 Beds $2,971 Increased0.52% ($15) Decreased0.7% ($22)
Nearby Cities Average Rent Avg. Rent vs. Mountlake TerraceAverage Rent vs. Mountlake Terrace Days on Market
Edmonds $2,216 Decreased3.2% ($73) 33 days
Lynnwood $2,208 Decreased3.5% ($81) 38 days
Kenmore $2,415 Increased5.5% ($126) 30 days
Bothell $2,705 Increased18.2% ($416) 35 days
Mukilteo $2,446 Increased6.9% ($157) 29 days
Based on rentals advertised on RentalSource in and around Mountlake Terrace.
Frequently Asked Questions
Mountlake Terrace Rental Market FAQs

Explore rental prices, market conditions, and affordability in Mountlake Terrace, WA.

The average rent in Mountlake Terrace, WA is about $2,289 per month.
In Mountlake Terrace, the average rent is about $1,798 per month for a 1-bedroom home, about $2,348 for a 2-bedroom home and about $2,971 for a 3-bedroom home.
The average rent in Mountlake Terrace is 9.9% ($207) higher than the national average of $2,082 per month.
The rental market in Mountlake Terrace, WA is currently stable, with rentals spending about 31 days on the market, about the same as in Washington (31), and rents down 1.7% over the past year.
Based on the current averages, a household would need an annual income of about $93,900 to comfortably afford a 2-bedroom home in Mountlake Terrace.
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