Cheap Apartments for Rent in Mercer Island, WA from $500 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mercer Island.

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Shorewood
$1,730 - $4,440
Total Monthly Price

Total Monthly Price

Base Rent
$1,730 - $4,440
Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Shorewood

3209 Shorewood DrMercer Island, WA 98040
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Westwinds Apartments
1 to 2 Bedroom Apartments

Westwinds Apartments

3059 Island Crest WayMercer Island, WA 98040
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Grace Place
1 Bedroom Apartments

Grace Place

2720 76th Ave SEMercer Island, WA 98040
Senior Living
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77 Central
Studio to 3 Bedroom Apartments

77 Central

2630 77th Ave SEMercer Island, WA 98040
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Mercer Tower
Studio to 2 Bedroom Apartments

Mercer Tower

2805 75th Pl SEMercer Island, WA 98040
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Aviara
Studio to 3 Bedroom Apartments

Aviara

2441 76th Ave SEMercer Island, WA 98040

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Hadley
Studio to 2 Bedroom Apartments

The Hadley

2601 76th Ave SEMercer Island, WA 98040

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Commodore
$1,975 - $2,480
Total Monthly Price

Total Monthly Price

Base Rent
$1,975 - $2,480
Total Monthly Price
$1,975 - $2,480
1 to 2 Bedroom Apartments Available Now

Commodore

527-537 Bellevue Way SEBellevue, WA 98004
Affordability
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8360 Wabash Ave S, Unit B
$2,000
Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000
2 Bedroom Apartment Available Now

8360 Wabash Ave S, Unit B

8360 Wabash Ave SSeattle, WA 98118
Affordability
  • Smoke Free
property at 10047 Main St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

10047 Main St, Unit 415

10047 Main St
BellevueWA98004
property at 12840 SE 40th Ct

$2,130

2 Bedroom, 2 Bath Rentals

Available Now

C3

12840 SE 40th Ct
BellevueWA98006

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Eden Apartments
Studio to 1 Bedroom Apartments

Eden Apartments

8401 Rainier Pl SSeattle, WA 98118
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Flourish on Rainier
Studio to 3 Bedroom Apartments

Flourish on Rainier

7930 Rainier Ave SSeattle, WA 98118
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J & E Apartments
1 to 2 Bedroom Apartments

J & E Apartments

7900 Rainier Ave SSeattle, WA 98118

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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7001 Rainier Ave S
1 to 2 Bedroom Apartments

7001 Rainier Ave S

7001 Rainier Ave SSeattle, WA 98118
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Colony Surf
1 to 2 Bedroom Apartments

Colony Surf

9551 Rainier Ave SSeattle, WA 98118
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Mar Vista Apartments
1 to 2 Bedroom Apartments

Mar Vista Apartments

9215 56th Ave SSeattle, WA 98118
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Via Apartments
1 to 2 Bedroom Apartments

Via Apartments

4836 S Austin StSeattle, WA 98118
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Parc 3
1 to 2 Bedroom Apartments

Parc 3

3005 125th Ave SEBellevue, WA 98005
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Emerald City Commons
1 to 3 Bedroom Apartments

Emerald City Commons

7700-7722 Rainier Ave SSeattle, WA 98118
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Emerald Ridge
1 to 2 Bedroom Apartments

Emerald Ridge

3010 SE 118th AveBellevue, WA 98005

The Emerald City's Secrets: A 30-Year Local's Guide to Renting in Seattle

Dive into Seattle's fascinating history—from its 'swampy mess' origins to the birthplace of grunge. Explore areas to rent like Pike Place Market, Pioneer Square, and the new Overlook Walk.

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Showing Results 1-50, Page 1 of 2

Mercer Island, WA Local Guide

Cheapest Available Mercer Island Apartments for Rent

 

The cheapest available apartment rental in Mercer Island, WA is a Studio unit found at Ethiopian Village in the Dunlap neighborhood priced from $1,009. Flourish on Rainier in the Dunlap neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,205. Here is today’s list of the most affordable Mercer Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ethiopian VillageStudioStudio,1BA$1,009
Flourish on RainierStudio 50 Percent AMIStudio,1BA$1,205
Lake Washington Apartments2x12BR,1BA$1,682
425 Apartments1BR/1.0BA1BR,1BA$1,749
Park 433One Bedroom1BR,1BA$1,950
Venn at MainS.1Studio,1BA$1,965
Commodore1x1 D1BR,1BA$1,975
Emerald RidgePlan 1A1BR,1BA$1,977
The Mercer Apartment HomesRoanokeStudio,1BA$2,000

Best Value Apartments for Rent in Mercer Island, WA

As of June 08, 2026 the best value apartment in the Mercer Island area is the $2.51 price per square foot Portsmith Townhome Model at Bella Vista in the in the Kennydale neighborhood starting from $3,710. The second greatest value Mercer Island apartment is the 2 Bedroom 2 Bath Model at Park Plaza Apartments starting at $3,700 with a $2.74 price per square foot in the North Bellevue neighborhood. Here is today’s list of the best values for Mercer Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bella VistaPortsmith Townhome2BR,2BA$2.51
Park Plaza Apartments2 Bedroom 2 Bath2BR,2BA$2.74
Meydenbauer Court Apartments2BR/1.5BA2BR,1.5BA$2.10
8360 Wabash Ave S, Unit B8360 Wabash Ave S2BR,1BA$2.35
Park 4332X1s2BR,1BA$2.46
Mercer Tower2 Bed | 1 Bath2BR,1BA$2.94
ShorewoodLong-Restored2BR,1BA$3.20
Commodore1x1 D1BR,1BA$2.61
Emerald RidgePlan 1A1BR,1BA$2.89
Ethiopian VillageStudioStudio ,1BA$2.83

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Cut down on your commute! Discover Seattle's top neighborhoods to rent near major employers like Amazon, Meta, and Fred Hutchinson. Find your ideal work-life balance in the Emerald City.

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Picking the Perfect Seattle Neighborhood for College Life

Learn About the Best Neighborhoods to Rent Near College Campuses in Seattle, WA | Find Seattle Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Mercer Island, WA

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Frequently Asked Questions about Cheap Mercer Island Apartments

What is the Cheapest Studio apartment in Mercer Island?

Currently the most affordable Cheap Studio Apartment in Mercer Island is at Ethiopian Village listed at $1,009.

How much is rent for a Cheap One Bedroom Mercer Island Apartment?

The lowest price for a Cheap One Bedroom Mercer Island Apartment is $1,158 at Ethiopian Village.

What is the lowest price for a Cheap Two Bedroom Mercer Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mercer Island is starting from $1,682 at Lake Washington Apartments.

What is the most affordable Mercer Island Three Bedroom Apartment?

The best deal on a cheap Mercer Island Three Bedroom Apartment rental is at Lake Washington Apartments and starts from $2,331.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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