Cheap Apartments for Rent in Mountlake Terrace, WA from $900 (61 Rentals)

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

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Delta Estates
2 Bedroom Apartments

Delta Estates

21912 64th Ave WMountlake Terrace, WA 98043
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Andorra
1 to 2 Bedroom Apartments

Andorra

22817 Lakeview DrMountlake 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.

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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.

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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.

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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.

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192 Shoreline
Studio to 4 Bedroom Apartments

192 Shoreline

19022 Aurora Ave NShoreline, WA 98133
  • Utilities Included
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The Woodlynn
1 to 2 Bedroom Apartments

The Woodlynn

6627 200th St SWLynnwood, WA 98036
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Chrimar Apartments
1 to 3 Bedroom Apartments

Chrimar Apartments

19618-19628 68th Ave WLynnwood, WA 98036
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Largo Vista Apartments
1 to 2 Bedroom Apartments

Largo Vista Apartments

20333 15th Ave NEShoreline, WA 98155
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 192 Shoreline in the Lake Ballinger neighborhood priced from $1,099. Sunrise 11 in the East Terrace neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Mountlake Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
192 ShorelineGoat1BR,1BA$1,099
Sunrise 111x11BR,1BA$1,125
Reserve at Lynnwood 55+ Affordable Living1 Bed 1 Bath A41BR,1BA$1,199
Alderwood Court Senior Affordable ApartmentsA11BR,1BA$1,199
City Center at LynnwoodA10A1BR,1BA$1,199
Two 10 by Vintage0BD, 1BTH BStudio,1BA$1,349
Park Edmonds Apartment HomesStudioStudio,1BA$1,350
Timber Grove Apartments in Lynnwood, WA1/1.001BR,1BA$1,375
Beaver Creek1 Bedroom 1 Bath 50% AMI1BR,1BA$1,393
OctaviaVV-One Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Mountlake Terrace, WA

As of November 02, 2025 the best value apartment in the Mountlake Terrace area is the $1.36 price per square foot 4206 242nd St SW Model at 4206 242nd St SW in the in the East Terrace neighborhood starting from $1,900. The second greatest value Mountlake Terrace apartment is the 3x1.75 Model at COLLINS JUNCTION starting at $2,642 with a $2.03 price per square foot in the East Terrace 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.
4206 242nd St SW4206 242nd St SW2BR,1BA$1.36
COLLINS JUNCTION3x1.753BR,1.75BA$2.03
Arabella Apartment HomesThree Bedroom Two Bath I3BR,2BA$2.07
FAIRWAY EDMONDSOne Bedroom and One and Half Bath1BR,1.5BA$1.85
SUN Sunset Villa2BR/1.0BA2BR,1BA$2.08
Beaver Creek2 Bedroom 1 Bath 60% AMI2BR,1BA$2.07
Woodview ApartmentsTwo Bed/One bath2BR,1BA$2.12
Twin Firs1x11BR,1BA$1.71
Scriber Creek ApartmentsRose1BR,1BA$2.04
Sunrise 111x1 Afforable1BR,1BA$1.99

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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.

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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

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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.

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

Explore Mountlake Terrace, WA Rentals by Map

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Getting Around Mountlake Terrace, WA

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

2 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Two 10 by Vintage listed at $1,349.

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

The lowest price for a Cheap One Bedroom Mountlake Terrace Apartment is $1,099 at 192 Shoreline.

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 $1,399 at The Blakely at Echo Lake.

What is the most affordable Mountlake Terrace Three Bedroom Apartment?

The best deal on a cheap Mountlake Terrace Three Bedroom Apartment rental is at Scriber Creek Apartments and starts from $1,987.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.