Mercer Island, WA Rental Market Trends
Highlights
The average rent for an apartment in Mercer Island is $2,204, a 2% decrease compared to the previous year, when the average rent was $2,253.
Average Rent in Mercer Island, WA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,204 | -2% | 870 sq. ft. |
The average size for a Mercer Island, WA apartment is 870 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Mercer Island, WA Apartment Rent Ranges
- $1,001-$1,5009%
- $1,501-$2,00031%
- > $2,00060%
Mercer Island, WA Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
3,015 or 29% of the households in Mercer Island, WA are renter-occupied while 7,184 or 70% are owner-occupied.
Mercer Island, WA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Mar / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Mercer Island, WA | $2,141 | $2,168 | $2,254 | $2,168 | $2,250 | $2,253 | $2,338 | $2,294 | $2,204 |
| National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |
How Mercer Island Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $1,928 | -11% |
| Tacoma | $1,419 | 5% |
| Everett | $1,454 | -1% |
| Kent | $1,529 | -1% |
| Vancouver | $1,385 | 4% |
| Renton | $1,753 | 1% |
| Bellevue | $2,130 | -8% |
| Kirkland | $2,023 | 1% |
| Redmond | $2,052 | -2% |
| Issaquah | $2,216 | -1% |
| Mercer Island | $2,204 | -2% |
For more information about the Mercer Island rental trends, check out our monthly rent report
Check out Washington Cities, Washington Neighborhoods and Washington Zip Codes for more details on verified listings, including the Washington Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!