Cheap Apartments for Rent in Mercer Island, WA

28 rentals

Apartments For Rent Near Mercer Island, WA

We found 30 more apartments matching your filters just outside Mercer Island

Average Rent Trends in Mercer Island, WA

Rent in Mercer Island, WA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
Jun 2025$2,985
Jul 2025$3,995
Aug 2025$3,600
Sep 2025$4,250
Oct 2025$4,450
Nov 2025$3,650
Dec 2025$4,850
Jan 2026$3,650
Feb 2026$3,100
Mar 2026$3,134
Apr 2026$2,995
May 2026$2,950
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,410$2,995$3,650$8,500$2,995
Apartments and Condos$2,150$3,000$3,100—$2,800
Houses——$3,995$8,500$8,500
See more information about local market trends in Mercer Island, WA

Frequently Asked Questions about Rentals in Mercer Island, WA

  • What is the average rent of an apartment in Mercer Island, WA?
    The average rent of an apartment in Mercer Island, WA is $2,694 per month. This is about 40% higher than the national average.
  • What is the average rent of a house in Mercer Island, WA?
    The average rent of a house in Mercer Island, WA is $8,500 per month. This is about 340% higher than the national average.
  • When is the average rent cheapest in Mercer Island, WA?
    In the last year, the average rent in Mercer Island, WA was lowest in Feb 2025 when it was $2,795 per month.
  • When is the average rent most expensive in Mercer Island, WA?
    In the last year, the average rent in Mercer Island, WA was highest in Dec 2025 when it was $4,850 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Mercer Island, WA?
    The average rent of a 1 bedroom apartment in Mercer Island, WA is $2,410 per month. That is about $300 more than the cost of a studio apartment.
  • How many available rental listings are in Mercer Island, WA?
    There are 37 available rental listings in Mercer Island, WA.
  • What are some cities near Mercer Island, WA?
    Some nearby cities include: Beaux Arts Village, Medina, Newcastle, Bellevue, Clyde Hill. These cities may have more rental options to explore.