Cheap Homes for Rent in Mountlake Terrace, WA from $1,000 (9 Rentals)

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

property at 706 N 188th St

706 N 188th St

ShorelineWA98133

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.

property at 21311 52nd Ave W

21311 52nd Ave W

Mountlake TerraceWA98043

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.

Mountlake Terrace, WA Local Guide

Cheapest Available Mountlake Terrace Apartments for Rent

 

The cheapest available apartment rental in Mountlake Terrace, WA is a Studio unit found at Sunrise 11 in the East Terrace neighborhood priced from $1,150. The Blakely at Echo Lake in the Firdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Mountlake Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunrise 11StudioStudio,1BA$1,150
The Blakely at Echo Lake1 Bed 1 Bath1BR,1BA$1,199
COLLINS JUNCTION1x11BR,1BA$1,353

Best Value Apartments for Rent in Mountlake Terrace, WA

As of July 25, 2025 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 $2,599. The second greatest value Mountlake Terrace apartment is the Lupine Model at Scriber Creek Apartments starting at $2,195 with a $1.83 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.
Arabella Apartment HomesThree Bedroom Two Bath I3BR,2BA$2.11
Scriber Creek ApartmentsLupine3BR,2BA$1.83
Edgewood NorthTwo Bedroom and One and Half Bath1BR,1.5BA$2.09
2506 NE 195th Pl, Unit Upper Unit2506 NE 195th Pl2BR,1BA$2.10
Heatherstone Park Apartments2BD2BR,1BA$1.95
SUN Sunset Villa2BR/1.0BA2BR,1BA$1.99
Twin Firs1x11BR,1BA$1.85
Fairway Apartments1x1 Flat1BR,1BA$2.19
Sunrise 111x11BR,1BA$2.20
Tanglewood Apartments1 bed 1 bath A1BR,1BA$2.18

Quick Rent Budget Calculator

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Frequently Asked Questions about Mountlake Terrace

What type of rentals are currently available in Mountlake Terrace?

There are currently 418 Apartments for Rent in Mountlake Terrace, WA with pricing that ranges from $980 to $9,175. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mountlake Terrace ranging from $1,080 to $14,000.

What is the current price range for Rental Homes in Mountlake Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mountlake Terrace ranges from $1,080 to $14,000 with an average monthly rent of $3,611.

How much are larger Three and Four Bedroom Rentals in Mountlake Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mountlake Terrace range from $1,928 to $5,227, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $4,950. Four Bedroom Single-Family rentals are also available starting from $3,295 and Four Bedroom Apartments start at $2,209.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.