7

Mercer Island, WA Homes for Rent

Section Image
  • /36

    Starting at $1,930

    Total Monthly Price

    • Studio - 2 Beds

    7650 SE 27th St, Mercer Island, WA 98040

    These private and secluded havens are minutes from the vibrant nightlife of Seattle, and around the corner from the shopping and dining of Bellevue. The Mercer is ideally located on the north end of the island, offering quick access to Seattle or Bellevue, with first-class amenities twelve months of the year. Compare with any other community and you will see that The Mercer is first class living

    The Mercer Apartment Homes

    (206) 415-9014

    7650 SE 27th St, Mercer Island, WA 98040
  • /44

    Starting at $2,174 Per Month

    • Studio - 2 Beds

    2758 78th Ave SE, Mercer Island, WA 98040

    Island Square Apartment Homes features spacious studio, one-bedroom, and two-bedroom apartment homes for rent on Puget Sound's coveted Mercer Island. Conveniently located just outside of downtown Seattle and Bellevue, Island Square Apartments is minutes away from Safeco Field, Qwest Stadium, and Sea-Tac International Airport. Apartments at Island Square feature granite and marble countertops,

    Island Square

    (206) 350-7069

    2758 78th Ave SE, Mercer Island, WA 98040
  • /50

    Starting at $2,051

    Total Monthly Price

    • Studio - 4 Beds

    3209 Shorewood Dr, Mercer Island, WA 98040

    Take in the Tradition. Located on Mercer Island just outside of Seattle, Washington you'll find comfort and convenience in this luxury apartment community. Shorewood offers newly restored spacious one, two and three bedroom apartment homes that feature refinished original hardwood floors, crown molding, washer and dryer in every home and fully equipped kitchens that include farmhouse sinks.

    Shorewood

    (425) 522-8392

    3209 Shorewood Dr, Mercer Island, WA 98040
  • /17

    Starting at $1,767 Per Month

    • Studio - 3 Beds

    7750 29th Ave SE, Mercer Island, WA 98040

    At the heart of Mercer Island, winding trails and open water give way to the Cascades. Gathering places and green spaces are all around. And steaming lattes and vibrant smoothies are always just around the corner. It sounds like a dream getaway, but at Lunara Apartments, it's home. Whatever the day calls for, there's no need to rush, worry, or second-guess. It's all right here, well within reach,

    Lunara

    (206) 594-5133

    7750 29th Ave SE, Mercer Island, WA 98040
  • /9

    $1,950 Per Month

    • 1 Bed
    • 1 Bath
    • 715 Sq Ft
    • Condo for Rent

    2500 81st Ave SE Unit A103, Mercer Island, WA 98040

    Charming Ground-Level Condo in the Heart of Mercer Island The Perfect Blend of Convenience and Comfort Experience easy living in this ideally situated ground-level condo. Whether you are a commuter looking for a seamless trip to Seattle or Bellevue, or someone who wants the tranquility of Mercer Island's parks and downtown core, this unit offers a rare combination of location and lifestyle.

    Hiep Vinh Skyline Properties, Inc.

    2500 81st Ave SE Unit A103, Mercer Island, WA 98040
  • /40

    $15,000 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,900 Sq Ft
    • House for Rent

    8428 N Mercer Way, Mercer Island, WA 98040

    The epitome of waterfront living on Mercer Island's tranquil north shore. This rare rambler-style beach house offers a serene retreat with 4 bedrooms, including a primary suite boasting stunning views & 5-piece bath. The 85ft of private low-bank waterfront & sandy beach provide the perfect escape. Luther Burbank Park borders the west side, enhancing the natural beauty of the surroundings. Private

    Martin Ho Berkshire Hathaway HS NW

    8428 N Mercer Way, Mercer Island, WA 98040
  • /30

    $7,500 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,610 Sq Ft
    • House for Rent

    8402 SE 53rd Place, Mercer Island, WA 98040

    Exceptional Mid-Island NW Contemporary offering the perfect blend of style, comfort, & everyday ease. Sun-filled interiors welcome you to a main-level primary suite, elegant living & dining spaces, an open great room with vaulted ceilings and a fabulous kitchen that flows effortlessly to a wonderful deck—ideal for hosting/relaxing. The lower level features three bedrooms, a bath, wine cellar, and

    Sandra Levin John L. Scott, Inc.

    8402 SE 53rd Place, Mercer Island, WA 98040

Why Live in Mercer Island

Mercer Island, WA, located in the center of scenic Lake Washington, is a well-established city with a population of around 26,000. Known for its welcoming, family-oriented neighborhoods, Mercer Island offers metropolitan life within a leisurely island community. The city boasts nearly 500 acres of public parks and recreation areas, including Aubrey Davis Park with athletic facilities and views of the Seattle skyline, and Luther Burbank Park featuring boat landings and sandy beaches. The I-90 Trail spans 10 miles along the interstate, providing bike access to Seattle and Bellevue. Downtown Mercer Island features colorful modern architecture, fitness studios, coffee shops, bookstores, sculptures along the trail system, and several galleries that are part of the city's monthly art walk. Dining options include upscale Italian restaurants, cafes, and Asian eateries. Mercer Island School District is highly rated, serving about 4,000 students, with Mercer Island High School boasting an average SAT score of 1390. The city has a low crime risk compared to the national average, with violent crime rates substantially lower. Mercer Island offers stylish midcentury architecture and traditional waterfront homes, with properties in coastal neighborhoods like Island Point and Groveland reaching up to 5,000 square feet. Modest ranch-style homes are found in walkable neighborhoods closer to the city center. The city is conveniently located near major tech companies such as Amazon, Boeing, and Microsoft, and has access to King County Metro and Sound Transit bus systems. Downtown Seattle is about 7 miles west on I-90, and Seattle-Tacoma International Airport is roughly 17 miles south.

Frequently Asked Questions

How much does it cost to rent a home in Mercer Island, WA?
The median rent for a home in Mercer Island, WA is $7,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Mercer Island, WA?
To comfortably afford the median rent in Mercer Island, WA, a household needs to earn roughly $300,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $7,500 per month in Mercer Island, WA, renters typically need to show $22,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Mercer Island, WA?
In Mercer Island, WA, the price-to-rent ratio is 26.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Mercer Island, WA are best for renting a home?
The best neighborhood for renting in Mercer Island, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Mount Baker, Downtown Bellevue, Leschi, Northwest Bellevue and Atlantic, each with its own character and price range.

Rental Home Trends in Mercer Island, WA

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$7,500
Median Single Family Home Rent
$8,500
Median Condo Rent
$1,950
How to Rent a Home