Cheap Homes for Rent in the Gateway Neighborhood of Mountlake Terrace, WA from $1,200 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in the Gateway area of Mountlake Terrace.

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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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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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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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 Now

5003 240th Pl SW

Mountlake TerraceWA98043

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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Showing Results 1-25, Page 1 of 1

Gateway, Mountlake Terrace, WA Local Guide

Cheapest Available Gateway Apartments for Rent

 

The cheapest available apartment rental in the Gateway area of Seattle, WA is a Studio unit found at Interurban Lofts (micro housing) priced from $950. Sunrise 11 has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Gateway apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Interurban Lofts (micro housing)Economical housing option, partially furnished,...Studio,1BA$950
Sunrise 11StudioStudio,1BA$1,150
PacelineStudioStudio,1BA$1,270
The Blakely at Echo Lake1 Bed 1 Bath1BR,1BA$1,299
Two 10 by Vintage0BD, 1BTH BMStudio,1BA$1,333

Best Value Apartments for Rent in Gateway, WA

As of July 16, 2026 the best value apartment in the Gateway area is the $1.61 price per square foot T9632A Model at QUINN BY VINTAGE in the in the Shoreline neighborhood starting from $1,899. The second greatest value Gateway apartment is the Poppy Model at Scriber Creek Apartments starting at $1,900 with a $1.69 price per square foot in the East Terrace neighborhood. Here is today’s list of the best values for Gateway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
QUINN BY VINTAGET9632A3BR,2BA$1.61
Scriber Creek ApartmentsPoppy2BR,2BA$1.69
19837 25th Ave NE2 Beds, 1 Baths2BR,1BA$1.77
Sunset Villa2BR/1.0BA2BR,1BA$2.03
Arabella Apartment Homes IITwo Bedroom One Bath II2BR,1BA$2.22
Terrace Heights2x12BR,1BA$2.22
Pinnacle OneFLOOR PLAN E2BR,1BA$2.35
Lakeside ApartmentsOne Bedroom1BR,1BA$2.05
AndorraVilla Large1BR,1BA$2.35
Sunrise 11StudioStudio ,1BA$2.09

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

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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Pet Friendly Lifestyle
Gateway, Mountlake Terrace, WA

Ranked #4

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Gateway

What type of rentals are currently available in Gateway?

There are currently 230 Apartments for Rent in Gateway, WA with pricing that ranges from $790 to $8,870. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gateway ranging from $1,200 to $4,795.

What is the current price range for Rental Homes in Gateway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Gateway ranges from $1,200 to $4,795 with an average monthly rent of $2,990.

How much are larger Three and Four Bedroom Rentals in Gateway?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Gateway range from $2,084 to $7,357, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,475 to $3,950. Four Bedroom Single-Family rentals are also available starting from $1,975 and Four Bedroom Apartments start at $790.

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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