Rentometer, Inc. | Data as of 10/23/2025
Mountlake Terrace, a vibrant city in Snohomish County, Washington, offers a blend of suburban comfort and easy access to the larger Seattle metropolitan area. Nestled near the scenic shores of Lake Goodwin and surrounded by lush green spaces, the community enjoys a relaxed, family‑friendly atmosphere while still benefiting from nearby shopping centers, dining districts, and the Great North Soundview Plaza. Residents appreciate the well‑maintained parks, the annual community festivals, and convenient commuter routes that connect the city to major employment hubs along Interstate 5.
The local rental market reflects a diverse range of housing options suited to varying lifestyles and budgets. Apartment seekers can find studio units in the $1700s and one‑bedroom rentals generally falling within the $1800‑1900 range. Larger apartment layouts, such as two‑bedrooms, typically sit in the $2300‑2400 bracket, while three‑bedroom apartments often command rates in the $2900‑3000 range. For renters desiring a standalone home, three‑bedroom houses are commonly listed in the $3100‑3200 segment, and larger four‑plus bedroom homes appear in a comparable $3000‑3200 range. Neighborhoods like South Mountlake Terrace and the historic downtown district provide a mix of modern complexes and charming single‑family homes, catering to both young professionals and growing families.
Beyond the walls of each property, Mountlake Terrace boasts excellent schools, a variety of recreational facilities, and a thriving local business scene. The city’s bike‑friendly streets and proximity to the Future of Flight Aviation Center make it an attractive choice for active residents. With a balanced rental landscape and a welcoming community vibe, Mountlake Terrace stands out as an appealing destination for anyone looking to call the Pacific Northwest home.
Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
---|---|---|---|---|---|
Apartment | Studio | $1,704 | $1,701 | $1,599 - $1,802 | $1,663 - $1,758 |
Apartment | 1 Bedroom | $1,893 | $1,850 | $1,595 - $2,500 | $1,750 - $1,964 |
Apartment | 2 Bedroom | $2,399 | $2,282 | $1,825 - $3,169 | $2,095 - $2,749 |
Apartment | 3 Bedroom | $2,994 | $2,900 | $2,600 - $3,406 | $2,705 - $3,360 |
House | 2 Bedroom | $1,981 | $2,000 | $1,300 - $2,645 | $1,300 - $2,645 |
House | 3 Bedroom | $3,152 | $3,000 | $2,499 - $4,145 | $2,900 - $3,295 |
House | 4+ Bedroom | $3,061 | $3,200 | $1,750 - $4,685 | $2,000 - $3,500 |
In the current period, the average rent in Mountlake Terrace was $1,705 for Studio, $1,869 for 1 Bedroom, $2,361 for 2 Bedroom, $3,117 for 3 Bedroom, and $2,649 for 4+ Bedroom.
Data provided by Rentometer, Inc.