
Cheap Apartments for Rent in the North Terrace Neighborhood of Mountlake Terrace, WA from $1,200 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Terrace area of Mountlake Terrace.


5506 220th St SW

Aspire Apartments at Mountlake Terrace

Terrace Heights

Northern Lights

Taluswood Apartments

Traxx Apartments

5024 212th St SW
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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.

Octavia

The Blakely at Echo Lake

Park Edmonds Apartment Homes

Pacific Park Apartment Homes

The Encore

QUINN BY VINTAGE

Alderwood Court Senior Affordable Apartments

Reserve at Lynnwood 55+ Affordable Living
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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.

Echo Lake Apartment Homes

The Artiste

Twin Firs - 1 Bedroom - Lynnwood - Renovated Modern Apartments

Scriber Creek Apartments

Duet

Brittany Place

Park 212 Apartment Homes

City Center at Lynnwood
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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.

Alderwood Heights

Ember

Nickel Creek

Novo on 52nd

Ballinger Place, LLC

Kinect @ Lynnwood

COLLINS JUNCTION

205 Apartments
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Beautifully Renovated 1 & 2 Bedroom Apartments in Lynnwood!

Park 210 Apartment Homes

Destinations Lynnwood 61+ Active Adult Apartment Homes
North Terrace, Mountlake Terrace, WA Local Guide

How much does it cost to rent an apartment in North Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Terrace Studio Apartments | $1,755 | $1,421 | $4,600 |
| North Terrace 1 Bedroom Apartments | $1,922 | $1,295 | $5,600 |
| North Terrace 2 Bedroom Apartments | $2,370 | $1,399 | $6,500 |
| North Terrace 3 Bedroom Apartments | $2,813 | $1,899 | $4,340 |
| North Terrace 4 Bedroom Apartments | $2,709 | $2,209 | $5,800 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the North Terrace Neighborhood of Mountlake Terrace, WA.
See all Apartments in Mountlake TerraceExplore Mountlake Terrace
Cheapest Available North Terrace Apartments for Rent
 The cheapest available apartment rental in the North Terrace area of Seattle, WA is a 1 Bed unit found at Octavia priced from $1,295. The Blakely at Echo Lake has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,399. Here are the most affordable North Terrace apartments for rent in Seattle, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Octavia | VV-One Bedroom | 1BR,1BA | $1,295 |
| The Blakely at Echo Lake | 2 Bed 1 Bath | 2BR,1BA | $1,399 |
| Koz on Alderwood Mall Blvd | Type E | Studio,1BA | $1,450 |
| Alderwood Court Senior Affordable Apartments | A1 | 1BR,1BA | $1,499 |
| QUINN BY VINTAGE | T9611B | 1BR,1BA | $1,499 |
| Reserve at Lynnwood 55+ Affordable Living | Studio 1 Bath S4 | Studio,1BA | $1,523 |
| The Artiste | Dream | Studio,1BA | $1,534 |
| Park Edmonds Apartment Homes | One Bedroom One Bathroom | 1BR,1BA | $1,542 |
| Duet | 1x1 A | 1BR,1BA | $1,599 |
| Brittany Place | 1X1 Small 1st Floor - B108 | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in North Terrace, WA
As of January 23, 2026 the best value apartment in the North Terrace area is the $2.09 price per square foot Three Bedroom and Two and Half Bath Model at Edgewood North in the in the Seattle Heights neighborhood starting from $2,700. The second greatest value North Terrace apartment is the Daffodil ADA Model at Scriber Creek Apartments starting at $2,209 with a $1.78 price per square foot in the East Terrace neighborhood. Here is today’s list of the best values for North Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Edgewood North | Three Bedroom and Two and Half Bath | 3BR,2.5BA | $2.09 |
| Scriber Creek Apartments | Daffodil ADA | 4BR,2BA | $1.78 |
| MOTIF | Two Bedroom and Two Bath | 2BR,2BA | $2.26 |
| Pacific Park Apartment Homes | Two Bedroom | 2BR,1BA | $2.21 |
| The Encore | 2x2 (955 sq ft) | 2BR,2BA | $2.26 |
| Novo on 52nd | 2 Bed 2 Bath | 2BR,2BA | $2.30 |
| Pinewood Square Apartment Homes | Two Bedroom One Bathroom | 2BR,1BA | $2.29 |
| Duet | 1x1 B | 1BR,1BA | $2.14 |
| Park Edmonds Apartment Homes | One Bedroom One Bathroom | 1BR,1BA | $2.27 |
| Octavia | VE-One Bedroom | 1BR,1BA | $2.29 |
Frequently Asked Questions about Cheap North Terrace Apartments
What is a cheap apartment in North Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Terrace is under $1,600.
What is the price of a cheap apartment in North Terrace?
The cheapest apartment in North Terrace is Octavia which is listed at $1,295, while the average apartment in North Terrace costs $2,790.
What types of apartments are the cheapest in North Terrace?
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 104 regular apartments in North Terrace 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 North Terrace?
Cheap apartments in North Terrace have an average cost of $795 which is $1,995 cheaper than the average rent for all rentals in North Terrace.
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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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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Articles, How-To's, and Tips

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.