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Viewing 1-8 of 8 rentals in Mountlake Terrace
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 August 2025, 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 54.1% ($989) higher than the Washington average of $1,829 and 57.4% ($1,028) higher than the U.S. average of $1,790.
Average Rent
$2,818
Monthly ChangeMonth Over Month Change
5.2% ($139)
Yearly ChangeYear Over Year Change
43.9% ($860)
Avg. Days on MarketAverage Days on Market
26
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,077 | 1% ($20) | 17.2% ($305) |
| 2 Beds | $2,594 | 1.1% ($28) | 24.1% ($504) |
| 3 Beds | $3,245 | 2.7% ($90) | 22.9% ($604) |
| Nearby Cities | Average Rent | Avg. Rent vs. Mountlake TerraceAverage Rent vs. Mountlake Terrace | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Edmonds | $1,893 | 32.8% ($925) | 22 days |
| Lynnwood | $1,872 | 33.6% ($946) | 19 days |
| Kenmore | $2,118 | 24.8% ($700) | 31 days |
| Bothell | $3,088 | 9.6% ($270) | 28 days |
| Kirkland | $2,316 | 17.8% ($502) | 19 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 $2,818 per month.
Houses in Mountlake Terrace typically rent for between $1,454 and $4,219 per month, with an average of $2,818 per month.
In Mountlake Terrace, the average rent for a 1-bedroom house is $2,077 per month, for a 2-bedroom house, $2,594 per month, and a 3-bedroom house is $3,245 per month.
The average rent in Mountlake Terrace is 57.4% ($1,028) higher than the national average of $1,790 per month.
The average rent in Mountlake Terrace has increased by 5.2% ($139) in the last month and increased by 43.9% ($860) 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 12 rental properties available in Mountlake Terrace, WA.
Based on the current averages, a household would need an annual income of $103,760 to comfortably afford a 2-bedroom house in Mountlake Terrace.
