Cheap Apartments for Rent in Mountlake Terrace, WA from $1,100 (124 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Mountlake Terrace.

property at 5003 240th Pl SW

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available May 1

5003 240th Pl SW

Mountlake TerraceWA98043
close
View Me
Quartz Creek
Rent Specials
$1,671 - $2,528
Total Monthly Price

Total Monthly Price

Base Rent
$1,671 - $2,528
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Quartz Creek

4710 212th St SWMountlake Terrace, WA 98043
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Delta Estates
2 Bedroom Apartments

Delta Estates

21912 64th Ave WMountlake Terrace, WA 98043
close
View Me
Lakeside Apartments
1 to 3 Bedroom Apartments

Lakeside Apartments

6102 St Albion WayMountlake Terrace, WA 98043
close
View Me
Andorra
1 to 2 Bedroom Apartments

Andorra

22817 Lakeview DrMountlake Terrace, WA 98043
close
View Me
Silver Oak
1 to 2 Bedroom Apartments

Silver Oak

21412 48th Ave WMountlake Terrace, WA 98043

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.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
ION Town Center
Rent Specials
$1,475 - $3,602
Total Monthly Price

Total Monthly Price

Base Rent
$1,475 - $3,602
Total Monthly Price
$1,475 - $3,602
Studio to 2 Bedroom Apartments Available Now

ION Town Center

18004 Midvale Ave NShoreline, WA 98133
Corporate Housing
  • Verified
  • 3D Tour

The Emerald City's Secrets: A 30-Year Local's Guide to Renting in Seattle

Dive into Seattle's fascinating history—from its 'swampy mess' origins to the birthplace of grunge. Explore areas to rent like Pike Place Market, Pioneer Square, and the new Overlook Walk.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-50, Page 1 of 3

Mountlake Terrace, WA Local Guide

Cheapest Available Mountlake Terrace Apartments for Rent

 

The cheapest available apartment rental in Mountlake Terrace, WA is a 1 Bed unit found at The Blakely at Echo Lake in the North Terrace neighborhood priced from $1,199. 192 Shoreline in the Lake Ballinger neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,270. Here is today’s list of the most affordable Mountlake Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Blakely at Echo Lake1 Bed 1 Bath1BR,1BA$1,199
192 ShorelineBlockerStudio,1BA$1,270
OctaviaVV-One Bedroom1BR,1BA$1,295
Alderwood Court Senior Affordable ApartmentsB12BR,1BA$1,299
Two 10 by Vintage0BD, 1BTH CMStudio,1BA$1,333
Sunrise 111x1 Afforable1BR,1BA$1,350
Reserve at Lynnwood 55+ Affordable LivingStudio 1 Bath S21BR,1BA$1,399
Compass ApartmentsThe Waldron, The Decatur and The Sucia1BR,1BA$1,400
Terrace Heights1x11BR,1BA$1,400
Koz on Alderwood Mall BlvdType EStudio,1BA$1,400

Best Value Apartments for Rent in Mountlake Terrace, WA

As of April 26, 2026 the best value apartment in the Mountlake Terrace area is the $2.09 price per square foot Three Bedroom and Two and Half Bath Model at Edgewood North in the in the Seattle Heights neighborhood starting from $2,700. The second greatest value Mountlake Terrace apartment is the 2 Beds, 1 bath Model at Hillside Apartments starting at $1,995 with a $1.83 price per square foot in the Meadowdale neighborhood. Here is today’s list of the best values for Mountlake Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Edgewood NorthThree Bedroom and Two and Half Bath3BR,2.5BA$2.09
Hillside Apartments2 Beds, 1 bath2BR,1BA$1.83
752 N 195th St, Unit Carriage House752 N 195th St1BR,1BA$2.14
Beaver Creek2 Bedroom 1 Bath 60% AMI2BR,1BA$1.90
FAIRWAY EDMONDSOne Bedroom and One Bath1BR,1BA$1.86
Timber Grove Apartments in Lynnwood, WA2/1.002BR,1BA$2.03
Lakeside ApartmentsOne Bedroom1BR,1BA$2.12
Sunrise 111x1 Afforable1BR,1BA$1.99
QUINN BY VINTAGET9611A1BR,1BA$2.13
Alderwood Court Senior Affordable ApartmentsB12BR,1BA$1.97

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

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

Cut down on your commute! Discover Seattle's top neighborhoods to rent near major employers like Amazon, Meta, and Fred Hutchinson. Find your ideal work-life balance in the Emerald City.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Picking the Perfect Seattle Neighborhood for College Life

Learn About the Best Neighborhoods to Rent Near College Campuses in Seattle, WA | Find Seattle Off-Campus Student Housing at ApartmentHomeLiving.com

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mountlake Terrace, WA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Mountlake Terrace, WA

View Map
Mountlake Terrace, WA Apartments Map
View Map
Mountlake Terrace, WA Rental Homes Map

Frequently Asked Questions about Cheap Mountlake Terrace Apartments

What is the Cheapest Studio apartment in Mountlake Terrace?

Currently the most affordable Cheap Studio Apartment in Mountlake Terrace is at 192 Shoreline listed at $1,270.

How much is rent for a Cheap One Bedroom Mountlake Terrace Apartment?

The lowest price for a Cheap One Bedroom Mountlake Terrace Apartment is $1,199 at The Blakely at Echo Lake.

What is the lowest price for a Cheap Two Bedroom Mountlake Terrace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mountlake Terrace is starting from $1,299 at Alderwood Court Senior Affordable Apartments.

What is the most affordable Mountlake Terrace Three Bedroom Apartment?

The best deal on a cheap Mountlake Terrace Three Bedroom Apartment rental is at QUINN BY VINTAGE and starts from $1,899.

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

decorative image for The 10 Best Affordable Neighborhoods in Seattle, WA article

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.

decorative image for Picking the Perfect Seattle Neighborhood for College Life article

Picking the Perfect Seattle Neighborhood for College Life

Written by: Sharon Stallings

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.

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

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

Written by: Sharon Stallings

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

decorative image for Seattle Short-Term Rentals: Where to Live for a Month (or Three) in the Emerald City article

Seattle Short-Term Rentals: Where to Live for a Month (or Three) in the Emerald City

Written by: Sharon Stallings

Greetings! I’m Sharon, your local Seattle expert at ApartmentHomeLiving.com. If you’re looking for short-term rentals, I can help you make an informed choice.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.