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Homes & Apartments for Rent in Mercer Island, WA

Showing 13 rentals in Mercer Island, then 7 more within 25 miles, nearest first.
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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

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As of October 2026, Mercer Island's rental market is stable, with rentals spending about 30 days on the market, about the same as in Washington (31), and rents down 3.2% over the past year. Mercer Island's average rent is 75.3% ($1,611) higher than the Washington average of $2,139 and 80.1% ($1,668) higher than the U.S. average of $2,082.

Average Rent
$3,750
Monthly ChangeMonth Over Month Change
Increased0.06% ($2)
Yearly ChangeYear Over Year Change
Decreased3.2% ($124)
Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,508 Increased0.03% ($1) Decreased1.9% ($48)
2 Beds $3,223 Decreased0.21% ($7) Decreased3.1% ($101)
3 Beds $5,405 Increased0.58% ($31) Decreased1.0% ($55)
Nearby Cities Average Rent Avg. Rent vs. Mercer IslandAverage Rent vs. Mercer Island Days on Market
Bellevue $3,214 Decreased14.3% ($536) 37 days
Medina $5,947 Increased58.6% ($2,197) 32 days
Seattle $2,330 Decreased37.9% ($1,420) 33 days
Renton $2,457 Decreased34.5% ($1,293) 34 days
Kirkland $3,102 Decreased17.3% ($648) 30 days
Based on rentals advertised on RentalSource in and around Mercer Island.
Frequently Asked Questions
Mercer Island Rental Market FAQs

Explore rental prices, market conditions, and affordability in Mercer Island, WA.

The average rent in Mercer Island, WA is about $3,750 per month.
In Mercer Island, the average rent is about $2,508 per month for a 1-bedroom home, about $3,223 for a 2-bedroom home and about $5,405 for a 3-bedroom home.
The average rent in Mercer Island is 80.1% ($1,668) higher than the national average of $2,082 per month.
The rental market in Mercer Island, WA is currently stable, with rentals spending about 30 days on the market, about the same as in Washington (31), and rents down 3.2% over the past year.
Based on the current averages, a household would need an annual income of about $128,900 to comfortably afford a 2-bedroom home in Mercer Island.
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