
Cheap Apartments for Rent in the Lake Ballinger Neighborhood of Mountlake Terrace, WA from $1,200 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Ballinger area of Mountlake Terrace.


Andorra

19925 Wallingford Ave N

1803 N 200th St

1803 N 200th St

8029 240th St SW

1803 N 200th St
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.

8029 240th St SW

8029 240th St SW

1803 N 200th St

8029 240th St SW

19925 Wallingford Ave N

QUINN BY VINTAGE

19925 Wallingford Ave N
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.

Park Edmonds Apartment Homes

205 Apartments

Pacific Park Apartment Homes

19925 Wallingford Ave N

Largo Vista Apartments

Hazel Apartments

Willowbrook Apartments
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.

Sunset Villas
Lake Ballinger, Mountlake Terrace, WA Local Guide

How much does it cost to rent an apartment in Lake Ballinger?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Ballinger Studio Apartments | $1,827 | $1,515 | $2,265 |
| Lake Ballinger 1 Bedroom Apartments | $1,897 | $1,300 | $2,775 |
| Lake Ballinger 2 Bedroom Apartments | $2,295 | $1,800 | $3,080 |
| Lake Ballinger 3 Bedroom Apartments | $3,232 | $1,999 | $8,725 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Lake Ballinger Neighborhood of Mountlake Terrace, WA.
See all Apartments in Mountlake TerraceExplore Mountlake Terrace
Cheapest Available Lake Ballinger Apartments for Rent
 The cheapest available apartment rental in the Lake Ballinger area of Seattle, WA is a 1 Bed unit found at Sunrise 11 priced from $1,350. QUINN BY VINTAGE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,406. Here are the most affordable Lake Ballinger apartments for rent in Seattle, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sunrise 11 | 1x1 Afforable | 1BR,1BA | $1,350 |
| QUINN BY VINTAGE | T9611A | 1BR,1BA | $1,406 |
| Hazel Apartments | Plumeria | 1BR,1BA | $1,495 |
| Park Edmonds Apartment Homes | Studio | Studio,1BA | $1,515 |
| 205 Apartments | Open 1x1 Knox | 1BR,1BA | $1,530 |
Best Value Apartments for Rent in Lake Ballinger, WA
As of April 28, 2026 the best value apartment in the Lake Ballinger area is the $2.29 price per square foot 2BR/1.0BA Model at The Ballinger in the in the East Terrace neighborhood starting from $1,945. The second greatest value Lake Ballinger apartment is the 2X1 APARTMENT Model at Park Ballinger 75 starting at $2,075 with a $2.59 price per square foot in the North Terrace neighborhood. Here is today’s list of the best values for Lake Ballinger apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Ballinger | 2BR/1.0BA | 2BR,1BA | $2.29 |
| Park Ballinger 75 | 2X1 APARTMENT | 2BR,1BA | $2.59 |
| Arbor Village | 1 Bed 1 Bath A | 1BR,1BA | $2.66 |
| Pacific Park Apartment Homes | One Bedroom | 1BR,1BA | $2.26 |
| Sunrise 11 | 1x1 Afforable | 1BR,1BA | $1.99 |
| Andorra | Villa SM | 1BR,1BA | $2.31 |
| QUINN BY VINTAGE | T9611A | 1BR,1BA | $2.13 |
| Traxx Apartments | Open 1 Bedroom 1 Bath | 1BR,1BA | $2.74 |
| 205 Apartments | Open 1x1 Knox | 1BR,1BA | $2.95 |
| Park Edmonds Apartment Homes | Studio | Studio ,1BA | $2.96 |
Frequently Asked Questions about Cheap Lake Ballinger Apartments
What is a cheap apartment in Lake Ballinger?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Ballinger is under $1,755.
What is the price of a cheap apartment in Lake Ballinger?
The cheapest apartment in Lake Ballinger is Sunrise 11 which is listed at $1,350, while the average apartment in Lake Ballinger costs $2,281.
What types of apartments are the cheapest in Lake Ballinger?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Lake Ballinger that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Ballinger?
Cheap apartments in Lake Ballinger have an average cost of $743 which is $1,538 cheaper than the average rent for all rentals in Lake Ballinger.
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

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.

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.

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.

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

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.

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.

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.

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.