
Cheap Homes for Rent in Martha Lake Neighborhood of Lynnwood, WA from $1,300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Martha Lake area of Lynnwood.


2017 Gibson Rd, Unit 2017 Gibson Road B
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.

12906 8th Ave W

921 130th St SW
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

13011 E Gibson Rd
Martha Lake, Lynnwood, WA Local Guide

How much does it cost to rent a home in Martha Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Martha Lake 2 Bedroom Homes for Rent | $1,795 | $1,395 | $2,225 |
| Martha Lake 3 Bedroom Homes for Rent | $3,303 | $2,700 | $4,100 |
| Martha Lake 4 Bedroom Homes for Rent | $3,782 | $3,320 | $4,200 |
| Martha Lake 5 Bedroom Homes for Rent | $3,833 | $3,500 | $4,100 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Martha Lake Neighborhood of Lynnwood, WA.
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Martha Lake, Lynnwood, WA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillcrest Estates | 1 Bed 1 Bath | 1BR,1BA | $1,500 |
| Urban Center | 1 Bedroom 1 Bath A | 1BR,1BA | $1,520 |
| Allegro Apartments | Studio B - The Woods | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Madison Way | Olympus | 3BR,2BA | $1.69 |
| Heatherwood | 4 Bedroom, 2 Bath | 4BR,2BA | $1.89 |
| The Marina at Martha Lake | 3x2 Renovated | 3BR,2BA | $2.16 |
| Parkwood at Mill Creek | Plan 2A | 2BR,2BA | $2.00 |
| Puget Park | Mariner | 2BR,2BA | $1.79 |
| Gateway Apartments | Jetty | 2BR,2BA | $1.77 |
| West Ridge Apartments | 2x2 with Yard | 2BR,2BA | $1.77 |
| Station at Mill Creek | 2br 1.5ba | 2BR,1.5BA | $2.20 |
| Meadows at Martha Lake | 1x1 B | 1BR,1BA | $2.15 |
| Hillcrest Estates | 1 Bed 1 Bath | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Martha Lake, Lynnwood, WA
School data provided by Great Schools
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.
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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.