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Welcome to the Apartment List March 2026 Rent Report for Mountlake Terrace, WA. Currently, the overall median rent in the city stands at $1,999, after rising 1.0% last month. Prices remain down 2.0% 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.