It is named for rainbow trout, which are stocked annually by the Washington State Department of Fish and Wildlife.

In addition to trout, black crappie, bluegill, and largemouth bass also inhabit the lake.

Shoreline access is limited, since the lake is mostly surrounded by private property.

However, there is a small boat ramp on the southern shore of the lake.

Water quality monitoring ended in 2008, but the most recent measurements indicate that it is borderline eutrophic.