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Studio Apartments for Rent in Mercer Island, WA

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    Starting at $2,105

    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
  • /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

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 $5,547 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos 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 $221,880 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 $5,547 per month in Mercer Island, WA, renters typically need to show $16,641 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 35.0, 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 Columbia City, Downtown Bellevue, Atlantic, International District and Bel-Red, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$5,547
Median Single Family Home Rent
$6,950
Median Townhouse Rent
$2,650
Median Condo Rent
$2,895
How to Rent a Home