Prices last verified
Average Rent in Mountlake Terrace 98043 & Rent Trends
Rent prices and market trends across 1 apartment community in Mountlake Terrace 98043, Mountlake Terrace, WA. Updated daily.
Market Average
$2,194/mo
Lowest Listed
$1,733/mo
as of Sep 28
Communities
1
tracked daily
Units Listed
10
as of Sep 28
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Mountlake Terrace 98043 vs Mountlake Terrace, WA Average
Mountlake Terrace 98043 is the same price as the Mountlake Terrace, WA average . The citywide average is $2,194/mo across all neighborhoods.
Is Rent Going Up or Down in Mountlake Terrace 98043?
As of September 2026, the average rent in Mountlake Terrace 98043 is $2,194 per month across 1 apartment community and 10 recently listed units.
The most affordable option is Terrace Station starting at $1,733/mo. By unit type, a studio averages $1,830/mo, a 1-bedroom averages $2,226/mo, a 2-bedroom averages $2,778/mo.
Prices range from $1,733 to $2,903 per month. The most common price point is the $1,800 range, where 3 units were listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Mountlake Terrace 98043
Rent Prices by Apartment in Mountlake Terrace 98043
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Terrace Station | $1,733/mo | $2,194/mo | 10 | 4.1 |
Frequently Asked Questions About Rent in Mountlake Terrace 98043
What is the average rent in Mountlake Terrace 98043?
Is rent going up or down in Mountlake Terrace 98043?
What is the cheapest apartment in Mountlake Terrace 98043?
How much is a 1-bedroom apartment in Mountlake Terrace 98043?
How many apartments are available in Mountlake Terrace 98043?
What salary do I need to live comfortably in Mountlake Terrace 98043?
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 98043 is $101,404 , about 4% below the comfortable-living threshold.
Cost of living in Mountlake Terrace 98043
Overall prices in Mountlake Terrace 98043 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 98043'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.
Google Search Trends for Mountlake Terrace 98043 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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