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Viewing 1-7 of 7 rentals in Mercer Island
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 June 2026, 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 56.6% ($1,002) higher than the Washington average of $1,771 and 54.3% ($976) higher than the U.S. average of $1,797.
Average Rent
$2,773
Monthly ChangeMonth Over Month Change
5% ($132)
Yearly ChangeYear Over Year Change
6.4% ($166)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,203 | 21.5% ($390) | 6.5% ($135) |
| 2 Beds | $2,816 | 1.2% ($34) | 4.8% ($130) |
| 3 Beds | $3,395 | 4.5% ($145) | 0.3% ($9) |
| Nearby Cities | Average Rent | Avg. Rent vs. Mercer IslandAverage Rent vs. Mercer Island | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Bellevue | $2,398 | 13.5% ($375) | 21 days |
| Seattle | $1,676 | 39.6% ($1097) | 31 days |
| Renton | $1,849 | 33.3% ($924) | 25 days |
| Kirkland | $2,138 | 22.9% ($635) | 19 days |
| Sammamish | $3,479 | 25.5% ($706) | 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.
The average rent in Mercer Island, WA is $2,773 per month.
Homes in Mercer Island typically rent for between $1,542 and $4,414 per month, with an average of $2,773 per month.
In Mercer Island, the average rent for a 1-bedroom home is $2,203 per month, for a 2-bedroom home, $2,816 per month, and a 3-bedroom home is $3,395 per month.
The average rent in Mercer Island is 54.3% ($976) higher than the national average of $1,797 per month.
The average rent in Mercer Island has increased by 5.0% ($132) in the last month and increased by 6.4% ($166) over the past year.
The rental market in Mercer Island, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 7 rental properties available in Mercer Island, WA.
Based on the current averages, a household would need an annual income of $112,640 to comfortably afford a 2-bedroom home in Mercer Island.
