Mountlake Terrace, WA Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Mountlake Terrace is $2,063, a 1.87% increase compared to the previous year, when the average rent was $2,025.
One-bedroom apartments provide 697 square feet for $1,904, balancing privacy and affordability.
Two-beedroom units at $2,188 offer 952 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,211 sq ft) for $2,866, suitable for larger households.
Average rent in Mountlake Terrace, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,063 | 826 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,904 | 697 sq. ft. |
| 2 Beds | $2,188 | 952 sq. ft. |
| 3 Beds | $2,866 | 1,211 sq. ft. |
Mountlake Terrace, WA rent trends
Rental prices in Mountlake Terrace, WA have increased by 1.87% over the past year. The average rent moved from $2,025 to $2,063.
What's the typical rent budget in Mountlake Terrace, WA?
The largest share of rentals in Mountlake Terrace, WA (59%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Mountlake Terrace, WA?
3,999 or 44% of the households in Mountlake Terrace, WA are renter-occupied while 5,118 or 56% are owner-occupied.
How Mountlake Terrace Compares to Other Cities
| City | Average Rent |
|---|---|
| Mountlake Terrace | $2,063 |
| Seattle | $2,226 |
| Tacoma | $1,782 |
| Vancouver | $1,758 |
| Spokane | $1,416 |
| Everett | $1,841 |
| Bellevue | $2,717 |
| Pullman | $1,447 |
| Renton | $2,127 |
| Spokane Valley | $1,414 |
| Kent | $1,913 |
| Kirkland | $2,509 |
| Lynnwood | $2,065 |
| Redmond | $2,525 |
| Bothell | $2,275 |
| Issaquah | $2,783 |
| Marysville, WA | $2,250 |
| Shoreline, WA | $2,042 |
| Edmonds, WA | $1,928 |
| Burien, WA | $1,935 |
| SeaTac, WA | $1,761 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Mountlake Terrace apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.