Ember
19888 40th Ave W,
Lynnwood, WA 98036
Studio - 2 Beds | $1,475 - $3,100
Rental Market Trends in Mountlake Terrace, WA
What is the average rent in Mountlake Terrace, WA?
$1,827/month
Average Rent
687 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
As of December 2024, the average rent in Mountlake Terrace, WA is $1,827 per month. This is 17% higher than the national average rent price of $1,560/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 $1,717 per month for a studio, $1,827 for a one-bedroom apartment, and around $2,100 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,590 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 3.4%, which averages out to $63 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 December 2024
Legend
2023
2024
Rent Ranges in Mountlake Terrace, WA
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
10%
$700 - $1,000/month
10%
$1,001 - $1,500/month
52%
$1,501 - $2,000/month
29%
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, Town Center and Gateway 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, East Terrace, Gateway and Town Center 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 Town Center .
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 $1,827, you’ll want to make about $6,090 per month or $73,080 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
-
-
One Bedroom
$1,687/month
$1,785/month
Two Bedroom
$2,034/month
$2,166/month
Three Bedroom
$1,550/month
$2,807/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.