Find Rentals in Mercer Island

Explore Listings

Browse Apartments

Property Managers

List Your Rentals

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

Filters Save Search Homes For You

Homes for Rent in 98040

1-11 of 11 rentals

Condo for rent at 3055 80th Ave SE, Mercer Island, WA 98040

Updated - 2 days ago

Managed by Windermere Property Management - Lori Gill & Assoc

$2,850

Condo2 Beds2 Baths1,182 ft²

3055 80th Ave SE

Mercer Island, WA 98040

We do not accept Zillow applications. Available now. 2-bedroom, 2 bath condo conveniently located in the heart of Mercer Island. Nearly 1200 livable square feet, plus an expansive covered balcony for relaxing and entertaining. Condo is just steps away from shops, restaurants, parks, & trails. Enjoy the open living and dining space with wood burning fireplace. All new interior paint throughout. The primary bedroom has an ensuite bath and plenty of closet space. Nice sized second bedroom, 3/4 bathroom in hall and large laundry closet with washer/dryer. Unit is immaculately maintained. 1 covered parking space with storage locker.

Featured

Managed by AGM Real Estate Group

$2,650

Apartment2 Beds1 Bath850 ft²

2805 75th Place SE

Mercer Island, WA 98040

Nestled within the esteemed west side of Downtown Mercer Island, Mercer Tower epitomizes refined urban living, offering unparalleled access to a plethora of dining, retail and entertainment options, all infused with a contemporary flair. Distinguished by it's coveted location and upgraded mid-century modern design, Mercer Tower houses an array of amenities and showcases exquisite, upgraded interiors adorned with high-end designer touches. Crafted with a focus on both comfort and sophistication, our apartment homes feature meticulously curated details that elevate functionality while imparting a sense of individuality.

Managed by Hadley

$2,680 - $2,700

Apartment1-2 Beds1 Bath

Hadley

2601 76th Ave SE, Mercer Island, WA 98040

The Hadley is located in the renowned west side of Downtown Mercer Island. Offering a unique blend of chic urban-style living with access to restaurants, shopping and entertainment, all with a delightfully modern touch. Contemporary architecture, houses first-class amenities, stunning interiors with high-end designer finishes. Our interiors are made with comfort and quality in mind, offering thoughtful details that make your home both functional and unique. On Mercer Island, recreation and relaxation reigns. The island offers a lifestyle full of perks. Enjoy a stroll to Town Center shopping or a picnic in nearby Luther Burbank Park.

House for rent at 7405 92nd Place SE, Mercer Island, WA 98040

Featured

Managed by JMW Group - Windermere Property Management

$5,300

House4 Beds3 Baths4,550 ft²

7405 92nd Place SE

Mercer Island, WA 98040

Stunning and Spacious 4 bedroom, 3 bathroom home in sought after Tarywood neighborhood of Mercer Island. Super Private with lovely curb appeal and beautiful landscaped yard. In Cul de sac. Gourmet kitchen with dining. Formal living and dining spaces. Southern exposure which provides all day light. Views of Mt. Rainier and Lake. Deck, patio & level lawn space for outdoor entertaining. The home has Ac, whole-house backup generator, security system, landscape irrigation. Mow service included. Tarywood Community provides no through traffic, shortcuts to trails to Clarke Beach park, Lakeridge Elementary, Qfc and Starbucks. Terms: 3 month lease.

Managed by M5 Investments

$2,150 - $3,000

Apartment1-2 Beds1-2 Baths725-1,131 ft²

3011 78th Ave SE

Mercer Island, WA 98040

Small community of 40 apartments units. We offer studios, 1BR, 2BR, 3BR and 4BR units. Some units with additional den that can be a home office. Short distance to Mercer Island Park and Ride, to Mercerdale Park, to Farmer's Market. School bus pick up and drop off less than 200 yards away. Convenient to grocery stores, local shops and banks.

Featured

Managed by VerraTerra Property Management

$3,200

Apartment2 Beds2 Baths1,100 ft²

2740 76th Ave SE

Mercer Island, WA 98040

Corner Unit with South & West facing provides light filled days. Grocery & restaurants within walking distance. Secure elevator building w/newer siding, updated lobby & part of downtown Mercer Island. Spacious primary bedroom with adjacent bathroom, two parking spaces included. Walking distance to M. I P&r. Ada friendly with spacious hallways and doors. Water/Sewer/Garbage Included in Rent. Terms: $600 move in fee charged by Hoa. $200 administrative fee due at move in. 12 month minimum lease term. First month, last month and security deposit equal to one months rent due before move-in.

Featured

Managed by Mercer Manor

$2,300 - $2,500

Apartment1-2 Beds1 Bath697-1,015 ft²

2717 76th Ave SE

Mercer Island, WA 98040

Welcome to Mercer Manor Apartments, presented by Mercer Manor. We have several units available for lease. For more information and to schedule a showing, please contact us. Dishwasher, Built In Microwave, Washer Dryer In Unit & None. Pet Friendly.

Featured

Managed by Sound Property Management

$6,300

House4 Beds3 Baths3,160 ft²

8475 SE 45th St

Mercer Island, WA 98040

Discover refined Pacific Northwest living in this beautifully updated 4-bedroom, 3-bathroom home nestled on a quiet street in the heart of Mercer Island. Perfectly positioned just minutes from top-rated schools, parks and I-90 access, this home offers the ideal balance of privacy, convenience and contemporary design. Step inside to an airy open-concept layout flooded with natural light. The gourmet kitchen features quartz countertops, high-end stainless steel appliances and a spacious island perfect for entertaining. Vaulted ceilings and oversized windows in the main living area frame lush greenery and create a seamless connection to the outdoors.

Featured

Managed by Coldwell Banker Bain Property Management

$6,500

House3 Beds2 Baths3,574 ft²

3853 81st Ave SE

Mercer Island, WA 98040

Designed by local architect Reid Morgan,this stunning mid-centurythree-bedroom, two-bath residence on Mercer Island showcases refineddesign and craftsmanship. The first floor features a primary bedroom with an en-suite bathroom, along with two additional bedrooms and a full bathroom. The property offers a spaciousgreat room, perfect for entertaining or relaxing, with a large deck overlooking the backyard. Two versatile bonus rooms on the lower level aresuitable for use as a home office, gym or playroom and they open to a separate lower patio and lawn. The residence includes two wood-burning fireplaces, adding a cozy touch to the living areas.

Featured

Managed by Angela Hunt

$2,900

Apartment2 Beds2 Baths1,152 ft²

3239 80th Ave SE #402

Mercer Island, WA 98040

Spacious, remodeled, quiet, sunny, 2 Bed, 2 full baths, top floor corner unit with large balcony, wood burning fireplace and gorgeous views to the North and West. Large skylights in both bathrooms. New double pane windows with cellular light blocking shades. Loads of storage. Off street parking. Easy 2 block walk to Metropolitan Market and other local stores and parks. 4 blocks to transit and soon-to-be finished light rail station. Excellent school district. Washer/Dryer on same floor (shared with 3 other units).

New - today

Managed by Avenue One

$3,700

House2 Beds2 Baths920 ft²

2947 76th Ave SE

Mercer Island, WA 98040

Available July 26 Welcome to this sun-filled, top-floor corner unit in a beautifully maintained Mercer Island community. This spacious 2-bedroom, 2-bath home features bamboo hardwood floors throughout and generous closet space in both bedrooms. The recently remodeled kitchen boasts crisp white cabinetry, new stainless steel appliances and a clean, modern feel. Step outside to your own private walk-out patio, ideal for sipping morning coffee or winding down with an evening cocktail. Plus, enjoy the convenience of a brand-new in-unit washer and dryer.

Viewing 1-11 of 11 rentals in 98040

What to Know About

Life in Mercer Island & Beyond

Mercer Island shares many of the great qualities that make Washington a desirable place to live.

Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Mercer Island, WA

As of July 2025, Mercer Island's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mercer Island's average rent is 47.2% ($826) higher than the Washington average of $1,750 and 45.1% ($801) higher than the U.S. average of $1,775.

Average Rent

$2,576

Monthly ChangeMonth Over Month Change

1.2% ($31)

Yearly ChangeYear Over Year Change

0.7% ($18)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,985	4% ($83)	9.2% ($200)
2 Beds	$2,530	5.8% ($156)	3.1% ($80)
3 Beds	$3,218	5.5% ($186)	2.4% ($80)

Nearby Cities	Average Rent	Avg. Rent vs. Mercer IslandAverage Rent vs. Mercer Island	Avg. Days on MarketAverage Days on Market
Bellevue	$2,634	2.3% ($58)	21 days
Seattle	$1,791	30.5% ($785)	31 days
Renton	$1,789	30.6% ($787)	25 days
Kirkland	$2,286	11.3% ($290)	19 days
Sammamish	$3,510	36.3% ($934)	28 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Mercer Island Rental Market FAQs

Explore rental prices, market trends, and availability in Mercer Island, WA.

What is the average rent in Mercer Island, WA?

The average rent in Mercer Island, WA is $2,576 per month.

What is the rental price range for homes in Mercer Island, WA?

Homes in Mercer Island typically rent for between $1,390 and $4,183 per month, with an average of $2,576 per month.

What is the average rent for different bedroom sizes in Mercer Island, WA?

In Mercer Island, the average rent for a 1-bedroom home is $1,985 per month, for a 2-bedroom home, $2,530 per month, and a 3-bedroom home is $3,218 per month.

How do rent prices in Mercer Island, WA compare with the national average?

The average rent in Mercer Island is 45.1% ($801) higher than the national average of $1,775 per month.

How have rent prices in Mercer Island, WA changed recently?

The average rent in Mercer Island has decreased by 1.2% ($31) in the last month and increased by 0.7% ($18) over the past year.

How competitive is the rental market in Mercer Island, WA?

The rental market in Mercer Island, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Mercer Island, WA?

In Mercer Island, WA, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Mercer Island, WA?

There are currently 11 rental properties available in Mercer Island, WA.

Can I afford to rent a home in Mercer Island, WA?

Based on the current averages, a household would need an annual income of $101,200 to comfortably afford a 2-bedroom home in Mercer Island.