Mercer Island, WA Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Mercer Island is $2,642, a 1.57% increase compared to the previous year, when the average rent was $2,601.
Studio Apartments at $1,944 offer the most budget-friendly option with 571 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 742 square feet for $2,347, balancing privacy and affordability.
Two-beedroom units at $3,050 offer 1,034 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,201 sq ft) for $3,141, suitable for larger households.
Average rent in Mercer Island, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,642 | 870 sq. ft. |
| Studio | $1,944 | 571 sq. ft. |
| 1 Bed | $2,347 | 742 sq. ft. |
| 2 Beds | $3,050 | 1,034 sq. ft. |
| 3 Beds | $3,141 | 1,201 sq. ft. |
Mercer Island, WA rent trends
Rental prices in Mercer Island, WA have increased by 1.57% over the past year. The average rent moved from $2,601 to $2,642.
What's the typical rent budget in Mercer Island, WA?
The largest share of rentals in Mercer Island, WA (38%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Mercer Island, WA?
3,364 or 34% of the households in Mercer Island, WA are renter-occupied while 6,529 or 66% are owner-occupied.
How Mercer Island Compares to Other Cities
| City | Average Rent |
|---|---|
| Mercer Island | $2,642 |
| Seattle | $2,271 |
| Tacoma | $1,751 |
| Spokane | $1,394 |
| Vancouver | $1,751 |
| Everett | $1,872 |
| Bellevue | $2,754 |
| Renton | $2,144 |
| Kent | $1,936 |
| Lynnwood | $2,108 |
| Spokane Valley | $1,404 |
| Kirkland | $2,540 |
| Bothell | $2,291 |
| Federal Way | $1,902 |
| Redmond | $2,559 |
| Issaquah, WA | $2,800 |
| Auburn, WA | $1,862 |
| Shoreline, WA | $2,028 |
| Edmonds, WA | $1,930 |
| Mountlake Terrace, WA | $2,016 |
| SeaTac, WA | $1,802 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Mercer Island apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.