Mercer Island, WA Rental Market Trends

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Mercer Island, WA

Last updated: November 18, 2025

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?

Access comprehensive real estate data and information on Yardi Matrix

How Mercer Island Compares to Other Cities

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.