Welcome to the Apartment List July 2026 Rent Report for Mountlake Terrace, WA. Currently, the overall median rent in the city stands at $2,040, roughly the same as last month. Prices and are now up 1.5% year-over-year. Read on to learn more about what’s been happening in the Mountlake Terrace rental market and how it compares to trends throughout the broader Seattle metro area and the nation as a whole.