Cheap Homes for Rent in Mountlake Terrace, WA from $700 (12 Rentals)

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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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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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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. City Center at Lynnwood in the North Terrace 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
192 ShorelineGame1BR,1BA$1,099
City Center at LynnwoodA51BR,1BA$1,199
The Blakely at Echo Lake1 Bed 1 Bath1BR,1BA$1,199
Ballinger Court Senior Affordable ApartmentsA41BR,1BA$1,320
Sunrise 111x11BR,1BA$1,325

Best Value Apartments for Rent in Mountlake Terrace, WA

As of September 19, 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 2BR/1.5BA Model at 5707 Townhouses starting at $2,345 with a $2.11 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.
Arabella Apartment HomesThree Bedroom Two Bath I3BR,2BA$2.11
5707 Townhouses2BR/1.5BA2BR,1.5BA$2.11
Nantucket Garden2x22BR,2BA$1.90
FAIRWAY EDMONDSOne Bedroom and One and Half Bath1BR,1.5BA$1.85
SUN Sunset Villa2BR/1.0BA2BR,1BA$2.14
20816 74th Ave W, Unit Apt D20816 74th Ave W2BR,1BA$2.10
Beaver Creek2 Bedroom 1 Bath 60% AMI2BR,1BA$2.07
Woodview ApartmentsTwo Bed/One bath2BR,1BA$2.12
Twin Firs1x11BR,1BA$1.82
Sunrise 111x11BR,1BA$1.95

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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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Frequently Asked Questions about Mountlake Terrace

What type of rentals are currently available in Mountlake Terrace?

There are currently 422 Apartments for Rent in Mountlake Terrace, WA with pricing that ranges from $1,199 to $11,724. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mountlake Terrace ranging from $790 to $10,000.

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 $790 to $10,000 with an average monthly rent of $3,259.

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 $1,919 to $6,763, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $5,000. Four Bedroom Single-Family rentals are also available starting from $3,550 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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.