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300 Apartments for rent in Mercer Island, WA

Read Guide >
Last updated December 14 at 10:47pm UTC
Shorewood Heights
3209 Shorewood Dr
Mercer Island, WA
Updated December 14 at 10:24pm UTC
Studio
Ask
1 Bedroom
$1,445
2 Bedrooms
$1,675
8408 SE 34th Pl
Parkridge Lane
Mercer Island, WA
Updated December 9 at 11:04am UTC
4 Bedrooms
$3,500
7425 81st Place SE
The Lakes at Mercer Island
Mercer Island, WA
Updated December 10 at 12:14pm UTC
4 Bedrooms
$6,000
3872 W Mercer Way
East Seattle
Mercer Island, WA
Updated December 7 at 6:21pm UTC
3 Bedrooms
$2,995
9810 SE 35th Place
Mercer Island
Mercer Island, WA
Updated December 9 at 10:54am UTC
4 Bedrooms
$6,500
Results within 1 miles of Mercer Island, WA
3212 Lake Washington Blvd N
Kennydale
Renton, WA
Updated December 2 at 12:46pm UTC
3 Bedrooms
$1,800
Results within 5 miles of Mercer Island, WA
Charbern
1705 Belmont Ave
Seattle, WA
Updated December 1 at 12:40am UTC
Studio
$1,333
1 Bedroom
$2,150
Tower 801 Apartments
801 Pine St
Seattle, WA
Updated December 14 at 3:52pm UTC
Studio
$1,715
1 Bedroom
$1,984
2 Bedrooms
Ask
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City Guide
Mercer Island
Finding an Apartment on Mercer Island

There are a lot of ways to find an apartment here, and little to none of them involve bribery! Okay, none of them do, we just wanted to sound tough. Sure, you can look online, but don't you want a great meet-cute for you and your new apartment?

Watch 'Em Go By

Take the bus when you have the time, and just sit and watch apartments go by with big "FOR RENT" signs acting as beacons. Don't worry, as long as you bring a book you won't look too creepy. If you see an amazing place, just get off the bus, grab the number for the listing, and give them a call. If it's a bust, just get back on the next bus!

Word of Mouth

When you see a great place, instead of keeping it a secret, let everyone know! It might not be the perfect place for you, and if it helps out a friend it'll inspire them to pay you back. Besides, who couldn't use a little good karma in their life? 

Preparation For Your Home

Have a copy of your credit report while preparing the applications forms. Seriously, if you wait too long, someone else might snag up your dream spot. Additionally, have at least the first month's and last month's rent available in your savings. Even if it's all you've got, you're going to need it to assure the landlord you're the right one for the apartment. After all, with the beautiful apartments you're going to have to choose from, you'll begin to truly understand why cash is king. 

This area is hot, so expect them to want a credit check. The nicer landlords may pay the cost themselves, otherwise expect a $30-40 dollar charge in addition to your application. Don't worry, this isn't a scam (unless it's a really lame one). To put the sugar on top, make sure to have a demonstration of your current employment. Whether it's current pay stubs or even a letter from your boss, you'll be glad you proved you're not a bum.

Parking

In most cases, apartments in Mercer Island would have parking within the property. On moments where there’s none, you could try to convince your landlord to open up a spot in your building (if it has any).

Finding Your Way Around

Ditch the Vehicle

The public transportation system in the King County is very reliable to ride on. There’s no need for a car unless you work in an occupation that require it or that involve transporting large items to more than one destination. You also have the bus, train or cab to rely on for traveling for work or personal reasons.

Cycling and Trails are FREE

Seriously, why spend money if you don't have to? Well, unless you like showing off. Mercer Island has some of the best parks in the state, though, so you'd be a fool not to take a moment to enjoy them from time to time. 

Rent Report
Mercer Island

December 2017 Mercer Island Rent Report

Welcome to the December 2017 Mercer Island Rent Report. Mercer Island rents declined over the past month. In this report, we'll evaluate trends in the Mercer Island rental market, including comparisons to cities throughout the metro, state, and nation.

Mercer Island rents declined over the past month

Mercer Island rents have declined 1.9% over the past month, but are up sharply by 7.3% in comparison to the same time last year. Currently, median rents in Mercer Island stand at $1,950 for a one-bedroom apartment and $2,420 for a two-bedroom. Mercer Island's year-over-year rent growth leads the state average of 4.0%, as well as the national average of 2.7%.

Rents rising across the Seattle Metro

Throughout the past year, rent increases have been occurring not just in the city of Mercer Island, but across the entire metro. Of the largest 10 cities that we have data for in the Seattle metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Puyallup has seen the fastest rent growth in the metro, with a year-over-year increase of 11.7%. The median two-bedroom there costs $1,830, while one-bedrooms go for $1,470.
  • Over the past month, Redmond has seen the biggest rent drop in the metro, with a decline of 2.3%. Median two-bedrooms there cost $2,120, while one-bedrooms go for $1,700.
  • Tacoma has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,530; rents decreased 0.4% over the past month but were up 5.6% over the past year.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,270; rents went down 1.0% over the past month but rose 3.0% over the past year.

Many large cities nationwide show more affordable rents compared to Mercer Island

As rents have increased sharply in Mercer Island, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Mercer Island is less affordable for renters.

  • Rents increased significantly in other cities across the state, with Washington as a whole logging rent growth of 4.0% over the past year. For example, rents have grown by 6.9% in Vancouver and 4.4% in Spokane.
  • Mercer Island's median two-bedroom rent of $2,420 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 7.3% rise in Mercer Island.
  • While Mercer Island's rents rose sharply over the past year, some cities nationwide saw decreases, including DC (-0.4%) and New York (-0.1%).
  • Renters will generally find more expensive prices in Mercer Island than most large cities. For example, Spokane has a median 2BR rent of $880, where Mercer Island is more than two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Seattle $1,330 $1,660 -1.6% 3.5%
Tacoma $1,220 $1,530 -0.4% 5.6%
Bellevue $1,820 $2,270 -1.0% 3.0%
Everett $1,300 $1,620 -0.3% 3.0%
Kent $1,400 $1,740 0.2% 6.8%
Renton $1,620 $2,010 -0.8% 6.3%
Federal Way $1,360 $1,690 -0.6% 6.0%
Redmond $1,700 $2,120 -2.3% -1.4%
Kirkland $1,620 $2,010 -0.4% 1.0%
Puyallup $1,470 $1,830 -1.6% 11.7%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.