Cheap Apartments for Rent in Mountlake Terrace, WA from $900 (75 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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Lakeside Apartments
1 to 3 Bedroom Apartments

Lakeside Apartments

6102 St Albion WayMountlake 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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5631 186th Pl SW, Unit 9
$1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595
1 Bedroom Apartment Available Now

5631 186th Pl SW, Unit 9

5631 186th Pl SWLynnwood, WA 98037
Affordability

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.

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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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The Woodlynn
1 to 2 Bedroom Apartments

The Woodlynn

6627 200th St SWLynnwood, WA 98036
  • 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 Ballinger Court Senior Affordable Apartments in the Aurora Marketplace neighborhood priced from $999. Alderwood Court Senior Affordable Apartments in the North Terrace neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Mountlake Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ballinger Court Senior Affordable ApartmentsA11BR,1BA$999
Alderwood Court Senior Affordable ApartmentsA11BR,1BA$999
Reserve at Lynnwood 55+ Affordable Living1 Bed 1 Bath A61BR,1BA$1,099
OctaviaVV-One Bedroom1BR,1BA$1,295
Sunrise 111x1 Afforable1BR,1BA$1,350
192 ShorelineGoat1BR,1BA$1,374
Green Leaf ShorelineStu - Income LimitedStudio,1BA$1,395
Hazel ApartmentsVioletStudio,1BA$1,399
The Blakely at Echo Lake2 Bed 1 Bath2BR,1BA$1,399
Koz on Alderwood Mall BlvdType EStudio,1BA$1,400

Best Value Apartments for Rent in Mountlake Terrace, WA

As of March 12, 2026 the best value apartment in the Mountlake Terrace area is the $2.11 price per square foot Three Bedroom Two Bath I Model at Arabella Apartment Homes in the in the Lake Ballinger neighborhood starting from $2,595. 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.
Arabella Apartment HomesThree Bedroom Two Bath I3BR,2BA$2.11
Hillside Apartments2 Beds, 1 bath2BR,1BA$1.83
Edgewood NorthTwo Bedroom and Two Bath2BR,2BA$2.16
Evergreen Townhomes2BR/1.5BA2BR,1.5BA$2.20
The Encore2x2 (955 sq ft)2BR,2BA$2.06
Timber Grove Apartments in Lynnwood, WA2/1.002BR,1BA$1.99
Beaver Creek1 Bedroom 1 Bath1BR,1BA$1.92
Lakeside ApartmentsOne Bedroom1BR,1BA$2.14
Pacific Park Apartment HomesOne Bedroom1BR,1BA$2.20
Sunrise 111x1 Afforable1BR,1BA$1.99

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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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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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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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 Green Leaf Shoreline listed at $1,395.

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

The lowest price for a Cheap One Bedroom Mountlake Terrace Apartment is $999 at Ballinger Court Senior Affordable Apartments.

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 $1,499 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

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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

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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.