Enso
4001 198th St SW,
Lynnwood, WA 98036
$1,875 - $3,370
Studio - 3 Beds
Rental Market Trends in Mountlake Terrace, WA
What is the average rent in Mountlake Terrace, WA?
$1,882/month
Average Rent
695 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of March 2026, the average rent in Mountlake Terrace, WA is $1,882 per month. This is 16% higher than the national average rent price of $1,627/month, making Mountlake Terrace one of the most expensive cities in the US. When you rent an apartment in Mountlake Terrace, you can expect to pay about $1,795 per month for a studio, $1,882 for a one-bedroom apartment, and around $2,096 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,900 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Mountlake Terrace, WA?
In the past year, rent has increased by 1%, which averages out to $20 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Mountlake Terrace, WA
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
11%
$700 - $1,000/month
11%
$1,001 - $1,500/month
47%
$1,501 - $2,000/month
32%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Mountlake Terrace?
Based on current rent prices, North Terrace, East Terrace and Melody Hill are the most affordable neighborhoods in Mountlake Terrace.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Mountlake Terrace?
Based on current rent prices, Gateway, Melody Hill and Seattle Heights Gardens are the most expensive neighborhoods in Mountlake Terrace.
Neighborhood
Average Rent
Average Sq Ft
Which Mountlake Terrace neighborhoods have the most rentals available?
The neighborhoods in Mountlake Terrace with the most apartments available are Gateway, North Terrace and East Terrace .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Mountlake Terrace, WA?
Because the average rent in Mountlake Terrace is $1,882, you’ll want to make about $6,273 per month or $75,276 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Mountlake Terrace, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Mountlake Terrace, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,827/month
One Bedroom
$1,791/month
$2,129/month
Two Bedroom
$2,037/month
$2,727/month
Three Bedroom
-
$3,387/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.