Average Rent in Mountlake Terrace, WA
1 apartment buildings, 10 units. Asking prices last verified September 28, 2026, with rent history for every building.
Browse apartments in Mountlake Terrace, WAAvg Rent
$2,194/mo
median $2,075
market average
Cheapest
$1,733/mo
Terrace Station
Properties
1
tracked daily
Units
10
as of September 28, 2026
Mountlake Terrace, WA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 1 properties in Mountlake Terrace, WA.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Mountlake Terrace, WA Rent Prices
All 1 properties ranked by lowest available rent.
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Terrace Station 24000 Van Ry Blvd, Mountlake Terrace, WA 98043, USA | $1,733 as of Sep 28 | $2,194 | $2.90/ft² | 4.1 (229) | 10 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
By Area
Mountlake Terrace, WA neighborhoods
Tracked buildings across 1 named neighborhoods. Pick one to see its apartments.
Mountlake Terrace, WA Average Rent Prices 2026
The average rent in Mountlake Terrace, WA is $2,194 per month, based on 10 units across 1 apartment communities. Prices range from $1,733 at Terrace Station to $2,903 at Terrace Station.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,830/mo | $1,733/mo | 5 |
| 1 Bed | $2,226/mo | $2,217/mo | 2 |
| 2 Bed | $2,778/mo | $2,528/mo | 3 |
Every price is a real asking rent from our most recent verified check (September 28, 2026). Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Mountlake Terrace, WA, and what they pay
Tracked one-bedroom rent in Mountlake Terrace, WA averages $2,226/mo, with two-bedroom units averaging $2,778/mo. At the local median household income of $101,404, that works out to 26% of gross income, near the 30 percent affordability ceiling.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Mountlake Terrace, WA at $1,966/mo. The current tracked market average runs 12% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Mountlake Terrace, WA while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Mountlake Terrace, WA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$88,000/year
Based on the 30 percent rule, using our tracked average rent of $2,194/mo.
Comfortable income
$105,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,733/mo), you need to earn at least $69,000/year.
Median household income in Mountlake Terrace, WA is $101,404 , about 4% below the comfortable-living threshold.
Cost of living in Mountlake Terrace, WA
Overall prices in Mountlake Terrace, WA runs above the national average by about 13% (BEA Regional Price Parity index 112.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Mountlake Terrace, WA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,194 |
| Utilities | $652 |
| Groceries | $584 |
| Transportation | $1,553 |
| Healthcare | $758 |
| Other goods and services | $1,212 |
| Estimated total | $6,953/mo |
Population
21,419
Median household income
$101,404
Census median rent
$1,966/mo
Census rent burden
30.1%
Median age
38.2
Mean commute
31 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Washington
How Mountlake Terrace, WA rent compares to other markets in the state.
| City | Avg Rent | vs Mountlake Terrace, WA | 30-Day Change | Properties |
|---|---|---|---|---|
| Seattle, WA | $3,161 | +44% | -0.4% | 60 |
| Bellingham, WA | $1,586 | -28% | -3.2% | 19 |
| Lakewood, WA | $1,886 | -14% | +6.2% | 17 |
| Renton, WA | $2,230 | +2% | -3.2% | 16 |
| Shoreline, WA | $2,036 | -7% | +3.4% | 16 |
| Kennewick, WA | $1,483 | -32% | -0.3% | 14 |
Frequently asked questions
What is the average rent in Mountlake Terrace, WA?
The average rent in Mountlake Terrace, WA is $2,194 per month, based on 10 units across 1 apartment buildings tracked by Average Rent. Prices were last verified September 28, 2026.
What is the median rent in Mountlake Terrace, WA?
The median asking rent in Mountlake Terrace, WA is $2,075 per month, computed from 10 recently listed units, last verified September 28, 2026. The average is $2,194/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Mountlake Terrace, WA?
The lowest listed rent in Mountlake Terrace, WA was $1,733 per month when last verified September 28, 2026.
How much is a 1-bedroom apartment in Mountlake Terrace, WA?
1-bedroom apartments in Mountlake Terrace, WA average $2,226/mo. The lowest listed 1-bedroom starts at $2,217/mo across 2 units tracked.
How much is a 2-bedroom apartment in Mountlake Terrace, WA?
2-bedroom apartments in Mountlake Terrace, WA average $2,778/mo. Units start from $2,528/mo across 3 units recently listed.
Rent Trends in Mountlake Terrace, WA
Track how apartment prices are changing over time.
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