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$1,815 - $5,709
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,815 - $5,709
Total Monthly Price
$1,815 - $5,709
The Mercer Apartment Homes
7650 SE 27th StMercer Island, WA 98040
Cheap Apartments for Rent in the Downtown Mercer Island Neighborhood of Mercer Island, WA from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mercer Island area of Mercer Island.
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1 to 2 Bedroom Apartments
Westwinds Apartments
3059 Island Crest WayMercer Island, WA 98040
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$594 - $634Studio to 1 Bedroom Apartments Available Now
Filipino Community Village (Affordable, 55+)
5727 37th Ave SSeattle, WA 98118
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$1,039 - $1,437Studio to 1 Bedroom Apartments Available Now
NOCO Apartments
4525 Rainier Ave SSeattle, WA 98118
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$1,201 - $3,295Studio to 2 Bedroom Apartments Available Now
Symphony Apartments
4221 37th Ave SSeattle, WA 98118
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$1,495 - $1,895Studio to 1 Bedroom Apartments Available Now
Summerstone
5230 39th Ave SSeattle, WA 98118
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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$1,587 - $3,650Studio to 2 Bedroom Apartments Available Now
Angeline Apartments
4801 Rainier Ave SSeattle, WA 98118
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$1,5951 Bedroom Apartments Available Now
Le Chateau Apartments
1111 102nd Ave NEBellevue, WA 98004
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$1,692 - $4,925
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,692 - $4,925
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Arlo
4720 Rainier Ave SSeattle, WA 98118
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$1,738 - $3,149Studio to 2 Bedroom Apartments Available Now
Excalibur Apartment Homes
123 NE 112th AveBellevue, WA 98004
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$1,775 - $2,495Studio to 1 Bedroom Apartments Available Now
The Baxter
11115 NE 2nd StBellevue, WA 98004
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$1,8001 Bedroom Apartment Available Now
118 107th Avenue Northeast, Unit B210, Unit B210
118 107th Avenue NortheastBellevue, WA 98004
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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$1,851 - $4,163Studio to 2 Bedroom Apartments Available Now
Sir Gallahad Apartment Homes
11030 Main StBellevue, WA 98004
Showing Results 1-13, Page 1 of 1
Downtown Mercer Island, Mercer Island, WA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Mercer Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mercer Island Studio Apartments | $2,120 | $594 | $3,753 |
| Downtown Mercer Island 1 Bedroom Apartments | $2,968 | $634 | $10,000+ |
| Downtown Mercer Island 2 Bedroom Apartments | $3,985 | $2,379 | $10,000+ |
| Downtown Mercer Island 3 Bedroom Apartments | $8,750 | $2,928 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Mercer Island Neighborhood of Mercer Island, WA.
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Cheapest Available Downtown Mercer Island Apartments for Rent
The cheapest available apartment rental in the Downtown Mercer Island area of Seattle, WA is a Studio unit found at Filipino Community Village (Affordable, 55+) priced from $594. NOCO Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,039. Here are the most affordable Downtown Mercer Island apartments for rent in Seattle, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Filipino Community Village (Affordable, 55+) | Studio Homes for Seniors 55+ | Studio,1BA | $594 |
| NOCO Apartments | Studio F | Studio,1BA | $1,039 |
| Summerstone | East Studio | Studio,1BA | $1,245 |
| Symphony Apartments | Studio F | Studio,1BA | $1,495 |
| Le Chateau Apartments | 1 Bedroom | 1BR,1BA | $1,595 |
Best Value Apartments for Rent in Downtown Mercer Island, WA
As of April 24, 2026 the best value apartment in the Downtown Mercer Island area is the $2.77 price per square foot 22CI Model at Limestone Court in the in the North Bellevue neighborhood starting from $3,849. The second greatest value Downtown Mercer Island apartment is the Two Bedroom Model at 12 Central Square starting at $2,523 with a $2.02 price per square foot in the North Bellevue neighborhood. Here is today’s list of the best values for Downtown Mercer Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Limestone Court | 22CI | 2BR,2BA | $2.77 |
| 12 Central Square | Two Bedroom | 2BR,2BA | $2.02 |
| Borgata Apartments | Elegante | 2BR,2BA | $3.29 |
| 9200 SE 53rd Pl, Unit A | 9200 SE 53rd Pl | 1BR,1.5BA | $2.78 |
| Mercer Tower | 2 Bed | 1 Bath | 2BR,1BA | $3.15 |
| Park Metro | A03 | 1BR,1BA | $3.08 |
| Le Chateau Apartments | 1 Bedroom | 1BR,1BA | $2.10 |
| Commodore | 1x1 D | 1BR,1BA | $2.61 |
| Symphony Apartments | Open 1-Bed H | 1BR,1BA | $3.23 |
| Filipino Community Village (Affordable, 55+) | Studio Homes for Seniors 55+ | Studio ,1BA | $1.70 |
Frequently Asked Questions about Cheap Downtown Mercer Island Apartments
What is a cheap apartment in Downtown Mercer Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Mercer Island is under $1,812.
What is the price of a cheap apartment in Downtown Mercer Island?
The cheapest apartment in Downtown Mercer Island is Filipino Community Village (Affordable, 55+) which is listed at $634, while the average apartment in Downtown Mercer Island costs $5,215.
What types of apartments are the cheapest in Downtown Mercer Island?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in Downtown Mercer Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Mercer Island?
Cheap apartments in Downtown Mercer Island have an average cost of $183 which is $5,032 cheaper than the average rent for all rentals in Downtown Mercer Island.
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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