Cheap Homes for Rent in Martha Lake Neighborhood of Lynnwood, WA from $1,300 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Martha Lake area of Lynnwood.

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.

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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.

Martha Lake, Lynnwood, WA Local Guide

Cheapest Available Martha Lake Apartments for Rent

 

The cheapest available apartment rental in the Martha Lake area of Seattle, WA is a 1 Bed unit found at Hillcrest Estates priced from $1,500. Urban Center has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,520. Here are the most affordable Martha Lake apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Hillcrest Estates1 Bed 1 Bath1BR,1BA$1,500
Urban Center1 Bedroom 1 Bath A1BR,1BA$1,520
Allegro ApartmentsStudio B - The WoodsStudio,1BA$1,550

Best Value Apartments for Rent in Martha Lake, WA

As of June 12, 2026 the best value apartment in the Martha Lake area is the $1.69 price per square foot Olympus Model at Madison Way in the in the Martha Lake neighborhood starting from $2,191. The second greatest value Martha Lake apartment is the 4 Bedroom, 2 Bath Model at Heatherwood starting at $2,407 with a $1.89 price per square foot in the Martha Lake neighborhood. Here is today’s list of the best values for Martha Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Madison WayOlympus3BR,2BA$1.69
Heatherwood4 Bedroom, 2 Bath4BR,2BA$1.89
The Marina at Martha Lake3x2 Renovated3BR,2BA$2.16
Parkwood at Mill CreekPlan 2A2BR,2BA$2.00
Puget ParkMariner2BR,2BA$1.79
Gateway ApartmentsJetty2BR,2BA$1.77
West Ridge Apartments2x2 with Yard2BR,2BA$1.77
Station at Mill Creek2br 1.5ba2BR,1.5BA$2.20
Meadows at Martha Lake1x1 B1BR,1BA$2.15
Hillcrest Estates1 Bed 1 Bath1BR,1BA$2.25

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.

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Real 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.

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Quick Rent Budget Calculator

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Frequently Asked Questions about Martha Lake

What type of rentals are currently available in Martha Lake?

There are currently 77 Apartments for Rent in Martha Lake, WA with pricing that ranges from $1,475 to $11,605. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martha Lake ranging from $1,395 to $4,200.

What is the current price range for Rental Homes in Martha Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Martha Lake ranges from $1,395 to $4,200 with an average monthly rent of $3,178.

How much are larger Three and Four Bedroom Rentals in Martha Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Martha Lake range from $1,763 to $4,936, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $4,100. Four Bedroom Single-Family rentals are also available starting from $3,320 and Four Bedroom Apartments start at $1,999.

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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Seattle, WA

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

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Picking the Perfect Seattle Neighborhood for College Life

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I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. Whether you're new to Seattle or grew up here, the neighborhood where you live makes a huge difference while attending college.

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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

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I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. We're blessed to live in Seattle, affectionately known as the Emerald City.

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The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle

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I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. I've lived here for 30+ years and have watched the city grow while holding onto what makes it unique.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.