Enso
4001 198th St SW,
Lynnwood, WA 98036
Studio - 3 Beds | $1,714 - $3,835
Rental Market Trends in Mountlake Terrace, WA
Updated July 2026
The average rent in Mountlake Terrace, WA is $1,956/month.
Rent in Mountlake Terrace is 18% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$1,956/month
Average Rent
693 Sq Ft
Average Size
+3.8%
Change / Year
715
Available Apartments
Mountlake Terrace rent varies by unit size and layout:
- Studio apartments in Mountlake Terrace average $1,804 per month.
- One-bedroom apartments in Mountlake Terrace average $1,956 per month.
- Two-bedroom apartments in Mountlake Terrace average $2,179 per month.
- Three-bedroom apartments in Mountlake Terrace average $2,926 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Mountlake Terrace, WA?
In the past year, rent has increased by 3.8%, which averages out to $75 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Mountlake Terrace, WA
July 2026
Above $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
37%
$1,501 - $2,000/month
42%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Mountlake Terrace?
Based on current rent prices, East Terrace, Gateway and North Terrace 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, North Terrace, Gateway and East Terrace 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, East Terrace and North 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 $1,956, you’ll want to make about $6,520 per month or $78,240 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.
View the Mountlake Terrace Area GuideStudio
-
-
One Bedroom
$1,895/month
$2,411/month
Two Bedroom
$2,399/month
$2,128/month
Three Bedroom
$2,880/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Mountlake Terrace?
The average rent in Mountlake Terrace is $1,956 per month, which is 17.6% higher than the national average of $1,663.
Are rents going up or down in Mountlake Terrace?
Rents in Mountlake Terrace, WA are increasing, with prices up 3.8% year-over-year and $75 more per month.
What rent range is most common in Mountlake Terrace?
In Mountlake Terrace, WA, 42% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.