Mercer Island, WA Homes for Rent

/36
Starting at $2,420

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

7650 SE 27th St, Mercer Island, WA 98040
Explore Mercer Island
/55
Starting at $2,194 Per Month
- Studio - 2 Beds
2758 78th Ave SE, Mercer Island, WA 98040

sland Square offers renovated studio, one-, and two-bedroom apartment homes in the heart of Mercer Island. Updated interiors feature Swiss elm cabinetry, quartz countertops, stainless steel appliances, brushed nickel fixtures, and wood plank flooring. Spacious floor plans include modern appliances and large windows that create a bright, inviting atmosphere. Residents enjoy a 24-hour fitness

Island Square

2758 78th Ave SE, Mercer Island, WA 98040
/50
Starting at $1,781

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

3209 Shorewood Dr, Mercer Island, WA 98040
/17
Starting at $2,394 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

7750 29th Ave SE, Mercer Island, WA 98040
/18
$7,000 Per Month
- 4 Beds
- 3 Baths
- 2,410 Sq Ft
- House for Rent
7814 SE 72nd St, Mercer Island, WA 98040

Welcome to this extensively renovated rambler in the coveted South End of Mercer Island! Offering 2,410 sq. ft. of effortless single-level living, this beautifully updated, fully remodeled, 4-bedroom, 3-bath home perfectly balances luxury craftsmanship with everyday comfort. The heart of the home is a stunning chef's kitchen outfitted with premium Wolf appliances. Enjoy gleaming hardwood floors,

Minali Kumar John L. Scott, Inc.

7814 SE 72nd St, Mercer Island, WA 98040
/9
$3,000 Per Month
- 2 Beds
- 1,041 Sq Ft
- Condo for Rent
2760 76th Ave SE Unit 302, Mercer Island, WA 98040

Charming furnished 2bed/2bath in the heart of Mercer Island. The East facing unit sits on the SE corner of the building with no unit above. Large kitchen includes granite counters, stainless appliances & an abundance of cabinet space. The open dining/living area is equipped with a workspace, dining table, decorations and wood fireplace. Private deck overlooking greenbelt and Metropolitan Market.

Jay LaBrie Windermere PM/JMW Group

2760 76th Ave SE Unit 302, Mercer Island, WA 98040
/37
$12,950 Per Month
- 5 Beds
- 6 Baths
- 5,450 Sq Ft
- House for Rent
8243 W Mercer Way, Mercer Island, WA 98040

Built in 2026 experience panoramic Lake Washington and Mt. Rainier views from this exceptional Mercer Island residence. Floor-to-ceiling windows and expansive nano doors fill the home with natural light while showcasing breathtaking sunsets, sparkling water views, and passing boats. The spacious floor plan offers flexibility for a variety of living arrangements, including a private main-level

Helena Chen eXp Realty

8243 W Mercer Way, Mercer Island, WA 98040
/15
$4,880 Per Month
- 2 Beds
- Condo for Rent
80 3030 80th Ave Se Se Ave Unit 101, Mercer Island, WA 98040

Welcome home to 3030 80th Ave SE, Mercer Island, WA! This inviting 2-bedroom, 2-bathroom residence offers a comfortable and convenient place to call home in one of Mercer Island’s most desirable locations. The thoughtfully designed layout provides plenty of room to relax, work, and entertain, with two well-proportioned bedrooms and the convenience of two full bathrooms. The home offers a

Chengying Deng Kelly Right RE of Seattle LLC

80 3030 80th Ave Se Se Ave Unit 101, Mercer Island, WA 98040
/29
$5,900 Per Month
- 4 Beds
- 2.5 Baths
- 2,760 Sq Ft
- House for Rent
6671 E Mercer Way, Mercer Island, WA 98040

Nestled in the hillside on a quiet road off East Mercer Way, this fully renovated cabin-inspired home offers privacy, flexible living space, and room to roam. Recently remodeled with new carpet, paint, and bathrooms, this 2,760 sq ft home offers a clean, comfortable living environment surrounded by beautiful forest. Two bedrooms are located on the main floor, including the primary suite with a

Kim Florence John L. Scott, Inc.

6671 E Mercer Way, Mercer Island, WA 98040
/40
$8,995 Per Month
- 4 Beds
- 4.5 Baths
- 4,130 Sq Ft
- House for Rent
7275 N Mercer Way, Mercer Island, WA 98040

Custom quality construction home with style and stunning views of Lake Washington and the City of Bellevue. Dramatic, 3- story entry with commissioned metal stair rail that is a true work of art. Soaring ceilings and walls of glass. Gorgeous slate and hardwood floors throughout, 8-foot solid cherry doors, custom cabinetry and slab stone. Open, great room floor plan with sun drenched deck is the

Rob Gasca Rob Gasca Real Estate Group

7275 N Mercer Way, Mercer Island, WA 98040
/14
$7,200 Per Month
- 3 Beds
- 2.5 Baths
- 2,840 Sq Ft
- House for Rent
4456 Ferncroft Rd, Mercer Island, WA 98040

Exceptional furnished waterfront rental from October 1st 2026- June 30th 2027 CANNOT be extended- sorry. Great for relocation, or short term rental while remodeling. Open concept 1959 Home of the Year with tasteful updates. Large living and dining room with expansive lake views. Upstairs 3 bedrooms. Primary en-suite. Family room with wood burning fireplace, and sliders to oversized deck. Home

Peo Gudmundsson Coldwell Banker Bain

4456 Ferncroft Rd, Mercer Island, WA 98040
/14
$2,100 Per Month
- 1 Bed
- 1 Bath
- 715 Sq Ft
- Condo for Rent
2500 81st Ave SE Unit C329, Mercer Island, WA 98040

Location, location, location! Rare opportunity on Mercer Island — a East facing one-bedroom with a private deck all within steps of the light rail station, Park & Ride and Downtown. The open living/dining space features hardwood-look plank flooring, a wall of windows, and seamless flow to the oversized deck. kitchen and bath. Building amenities include elevator, gated entry, laundry, and extra

Bev Watson RE/MAX Eastside Brokers, Inc.

2500 81st Ave SE Unit C329, Mercer Island, WA 98040
/30
$7,000 Per Month
- 4 Beds
- 4.5 Baths
- 4,260 Sq Ft
- House for Rent
2216 70th Ave SE, Mercer Island, WA 98040

Wake up to beautiful Lake Washington and Seattle skyline views from this spacious 4,260 sq ft home in one of Mercer Island's most desirable neighborhoods. Offering 4 bedrooms, 4.5 baths, plus a bonus room adjoining the primary suite, ideal for a home office, nursery, fitness room, or oversized second walk-in closet. The light-filled main level features soaring ceilings, formal living and dining

Christian Anderson John L. Scott, Inc.

2216 70th Ave SE, 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
/27
$6,400 Per Month
- 3 Beds
- 3 Baths
- 2,800 Sq Ft
- House for Rent
7795 80th Place SE, Mercer Island, WA 98040

Elegant 2800 SF Buchan home in The Lakes for Rent. Grand entry/foyer w/ sky-high vaulted ceilings. New carpet, new floors, new paint (interior and deck). Beautiful wood-paneled den. Sunken living room with cathedral ceilings & wood beams. Formal dining w/ huge picture window into backyard. Kitchen Stainless Steel Appliances, Cook Island, desk & intercom. Family room off kitchen w/ fireplace.

Cal Mitchell AgencyOne

7795 80th Place SE, Mercer Island, WA 98040

Washington King County

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.

Learn more about living in Mercer Island

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 $5,600 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and 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 $224,000 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 $5,600 per month in Mercer Island, WA, renters typically need to show $16,800 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 35.3, 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, Southwest Bellevue, Eastgate, Downtown Bellevue and West Hill, each with its own character and price range.

Rental Trends in Mercer Island, WA

There are currently 15 homes available for rent in Mercer Island, WA. The median rent is $5,600 per month, with single-family homes renting at $7,000, townhouses at $4,500 and condos at $2,750.

Rental Home Trends

Number of Homes for Rent 15	Median Rent $5,600
Median Single Family Home Rent $7,000	Median Townhouse Rent $4,500
Median Condo Rent $2,750

How to Rent a Home

Rentals in Mercer Island

Homes for Rent by Bedrooms in Mercer Island

Rentals by Price in Mercer Island

More About Living in Mercer Island

Homes by Amenity in Mercer Island

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Homes for Rent in Nearby Cities

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