Mountlake Terrace, Washington Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mountlake Terrace, Washington rental market.
Mountlake Terrace, Washington
Average Apartment Rent
$2,007
Y-o-Y Change in Average
Apartment Rent
-0.9%
As of March 2026
Compared to a year ago, Mountlake Terrace, Washington apartments have recorded a -0.9% rent decrease.
Mountlake Terrace, Washington Average apartment rent trend
Mountlake Terrace, Washington Average Apartment Rent
Mountlake Terrace, Washington Apartment rent ranges
At 63.71%, apartments priced $1,500 - $2,000 represent the bulk of Mountlake Terrace, Washington rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.2%.
Mountlake Terrace, Washington Housing tenure**
Renters take up 42% of Mountlake Terrace, Washington real estate, occupying a total of 3,735 units, while homeowners live in 5,202 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$71,211
Average household size of renter-occupied housing units**
2.16
Mountlake Terrace, Washington Renter-occupied housing units by no. of bedrooms**
There are 1,735 rentals in Mountlake Terrace, Washington with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 41 units. Overall, the median number of rooms in Mountlake Terrace, Washington homes for rent is 3.8.
Mountlake Terrace, Washington Renter-occupied units by age of householder**
Most condos for rent in Mountlake Terrace, Washington are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Mountlake Terrace, Washington Renter-occupied housing units by family type**
Mountlake Terrace, Washington Renter-occupied housing units by the presence of own children**
A total of 1,915 apartments for rent in Mountlake Terrace, Washington, or 51% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 956 units. All in all, the median size of a renter-occupied household in Mountlake Terrace, Washington is 2.16.
Mountlake Terrace, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Mountlake Terrace, Washington.
Mountlake Terrace, Washington Renter-occupied units by year structure built**
The highest share of Mountlake Terrace, Washington apartment rentals, namely 25% or 939 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (23%, 861 units), and the ones Built 1960 - 1969 (17%, 633 units).
Mountlake Terrace, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Mountlake Terrace, Washington renters (41%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mountlake Terrace, Washington condos for rent is 2018.
Mountlake Terrace, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Mountlake Terrace, Washington renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 10% have No vehicle available.
Mountlake Terrace, Washington Means of transportation to work of householders living in renter-occupied housing units**
Mountlake Terrace, Washington Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mountlake Terrace, Washington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
