Cheap Homes for Rent in Mountlake Terrace, WA from $1,100 (34 Rentals)

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

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 17809 24th Ave NE

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

2 Bedroom, 1.5 Bath Home for Rent

Available Now

17809 24th Ave NE

ShorelineWA98155

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 1-34, Page 1 of 1

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 192 Shoreline in the Lake Ballinger neighborhood priced from $1,270. The Blakely at Echo Lake in the North Terrace neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,282. Here is today’s list of the most affordable Mountlake Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
192 ShorelineBlockerStudio,1BA$1,270
The Blakely at Echo Lake1 Bed 1 Bath1BR,1BA$1,282
OctaviaVV-One Bedroom1BR,1BA$1,295
Reserve at Lynnwood 55+ Affordable Living1 Bed 1 Bath A41BR,1BA$1,299
Sunrise 111x1 Afforable1BR,1BA$1,350
Arabella Apartment HomesStudio IStudio,1BA$1,369
Postmark ApartmentsStudioStudio,1BA$1,375
Koz on Alderwood Mall BlvdType DStudio,1BA$1,375
Two 10 by Vintage0BD, 1BTH EMStudio,1BA$1,396
ION Town Center1x1 K - MFTE1BR,1BA$1,399

Best Value Apartments for Rent in Mountlake Terrace, WA

As of May 19, 2026 the best value apartment in the Mountlake Terrace area is the $1.55 price per square foot Daisy Model at Scriber Creek Apartments in the in the East Terrace neighborhood starting from $1,987. The second greatest value Mountlake Terrace apartment is the 20620 60th Ave W Model at 20620 60th Ave W, Unit D starting at $2,400 with a $2.16 price per square foot in the Seattle Heights 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.
Scriber Creek ApartmentsDaisy3BR,2BA$1.55
20620 60th Ave W, Unit D20620 60th Ave W3BR,2BA$2.16
Nantucket Garden2X2 - Renovated2BR,2BA$2.09
Hillside Apartments2 Beds, 1 bath2BR,1BA$1.83
Edgewood NorthTwo Bedroom and Two Bath2BR,2BA$2.16
AndorraCordoba2BR,1BA$1.72
Beaver Creek2 Bedroom 1 Bath 60% AMI2BR,1BA$1.90
Beaver Cove2 Bedroom 1 Bath 60% AMI2BR,1BA$2.22
Lakeside ApartmentsOne Bedroom1BR,1BA$2.08
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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mountlake Terrace, WA Rentals by Map

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

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Frequently Asked Questions about Mountlake Terrace

What type of rentals are currently available in Mountlake Terrace?

There are currently 423 Apartments for Rent in Mountlake Terrace, WA with pricing that ranges from $1,270 to $9,428. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mountlake Terrace ranging from $1,150 to $12,000.

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 $1,150 to $12,000 with an average monthly rent of $3,409.

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 $1,987 to $7,821, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,350 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $2,209.

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.

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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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.