Apartments for Rent in Mercer Island, WA

Prices and availability in Mercer Island, WA were last updated on 14 May 2026.

The best apartments in Mercer Island, WA are: 7667 Southeast 27th Street, Lunara, The Mercer Apartment Homes, 77 Central and Grace Place.

The average rent in Mercer Island, WA is $2,611.

The price range for a studio apartment in Mercer Island, WA is between $1,920 and $3,040.

The price range for a 1-bedroom apartment in Mercer Island, WA is between $1,767 and $5,462.

The price range for a 2-bedroom apartment in Mercer Island, WA is between $2,995 and $5,404.

The price range for a 3-bedroom apartment in Mercer Island, WA is between $1,767 and $4,667.

In Mercer Island, 33% of the residents are renting compared to 67% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 41% of Mercer Island's rentals, 41% are small-scale complexes with under 50 units, and 17% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Mercer Island are about 39 years old, on average. Of these, 59% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 68% of the rental communities here are low-rise, garden-style communities, 45% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Mercer Island come in a range of sizes and floorplans. Studio apartments represent 11% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 43% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Mercer Island. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.