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$1,964 - $4,464
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,964 - $4,464
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Shorewood
3209 Shorewood DrMercer Island, WA 98040
Cheap Apartments for Rent in the Downtown Mercer Island Neighborhood of Mercer Island, WA from $500 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mercer Island area of Mercer Island.
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$1,994 - $4,772Studio to 2 Bedroom Apartments Available Now
Island Square
2758 78th Ave SEMercer Island, WA 98040
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$2,121 - $4,667Studio to 3 Bedroom Apartments Available Now
Lunara
7750 29th Ave SEMercer Island, WA 98040
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$2,180 - $3,344
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$2,180 - $3,344
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$2,180 - $3,344
The Mercer Apartment Homes
7650 SE 27th StMercer Island, WA 98040
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1 to 2 Bedroom Apartments
Westwinds Apartments
3059 Island Crest WayMercer Island, WA 98040
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1 Bedroom Apartments
Grace Place
2720 76th Ave SEMercer Island, WA 98040
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Studio to 3 Bedroom Apartments
77 Central
2630 77th Ave SEMercer Island, WA 98040
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2 Bedroom Apartments
Mercer Park Apartments
3021 81st Pl SEMercer Island, WA 98040
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Studio to 2 Bedroom Apartments
Mercer Tower
2805 75th Pl SEMercer Island, WA 98040
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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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Studio to 2 Bedroom Apartments
The Hadley
2601 76th Ave SEMercer Island, WA 98040
2820 75th Pl SE
Mercer IslandWA98040
2945 76th Ave SE
Mercer IslandWA98040
7800 SE 27th St
Mercer IslandWA98040
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$594 - $634Studio to 1 Bedroom Apartments Contact Us For Availability
Filipino Community Village (Affordable, 55+)
5727 37th Ave SSeattle, WA 98118
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Rent Specials
$1,049 - $1,414Studio to 1 Bedroom Apartments Available Now
NOCO Apartments
4525 Rainier Ave SSeattle, WA 98118
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Rent Specials
$1,100 - $3,495Studio to 1 Bedroom Apartments Available Now
Pacific Inn Apartments
225 112th AveBellevue, WA 98004
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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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$1,275 - $1,2951 Bedroom Apartments Contact Us For Availability
Willowbrook Apartments
10201 SE 3rd StBellevue, WA 98004
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Rent Specials
$1,295 - $1,495Studio Apartments Available Now
Summerstone
5230 39th Ave SSeattle, WA 98118
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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$1,350 - $1,695Studio to 1 Bedroom Apartments Available Now
Pax Futura
3702 S Hudson StSeattle, 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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$1,660 - $2,850Studio to 2 Bedroom Apartments Available Now
Excalibur Apartment Homes
123 NE 112th AveBellevue, WA 98004
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$1,749 - $1,7951 Bedroom Apartments Available Now
425 Apartments
425-427 Bellevue Way SEBellevue, WA 98004
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$1,7501 Bedroom Apartments Available Sep 11
Pearl Street (3919)
3911-3927 S Pearl StSeattle, WA 98118
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$1,8001 Bedroom Apartment Available Now
118 107th Avenue Northeast, Unit B210
118 107th Avenue NortheastBellevue, WA 98004
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$1,840 - $2,195Studio to 1 Bedroom Apartments Available Now
The Baxter
11115 NE 2nd StBellevue, WA 98004
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$1,925 - $2,466Studio to 3 Bedroom Apartments Available Now
Bellevue 10
10050 NE 10th StBellevue, WA 98004
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Rent Specials
$1,927 - $3,342
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,927 - $3,342
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Arlo
4720 Rainier Ave SSeattle, WA 98118
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$1,950 - $2,5901 to 2 Bedroom Apartments Available Now
Park 433
433 Bellevue Way SEBellevue, WA 98004
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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$1,975 - $2,480
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,975 - $2,480
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$1,975 - $2,480
Commodore
527-537 Bellevue Way SEBellevue, WA 98004
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$1,985 - $4,412Studio to 2 Bedroom Apartments Available Now
Avalon Meydenbauer
10410 NE 2nd StBellevue, WA 98004
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$2,002 - $4,122Studio to 2 Bedroom Apartments Available Now
Sir Gallahad Apartment Homes
11030 Main StBellevue, WA 98004
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$2,015 - $3,5951 to 2 Bedroom Apartments Available Now
Monarch Apartments
3710 S Angeline StSeattle, WA 98118
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$2,029 - $3,807Studio to 2 Bedroom Apartments Available Now
Belcarra
10688 NE 10th StBellevue, WA 98004
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Rent Specials
$2,055 - $4,701
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$2,055 - $4,701
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$2,055 - $4,701
Main Street Flats
10655 Main StBellevue, WA 98004
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$2,074 - $4,025Studio to 2 Bedroom Apartments Available Now
Elements Apartments
989 112th Ave NEBellevue, WA 98004
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$2,090 - $3,290Studio to 2 Bedroom Apartments Available Now
Angeline Apartments
4801 Rainier Ave SSeattle, WA 98118
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$2,120 - $4,695Studio to 2 Bedroom Apartments Available Now
Venn at Main
10333 NE 1st StBellevue, WA 98004
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$2,156 - $2,9951 to 2 Bedroom Apartments Available Now
Nuovo Apartments
991 118th Ave SEBellevue, WA 98005
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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$2,202 - $10,326
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$2,202 - $10,326
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Soma Towers
288 106th Ave NEBellevue, WA 98004
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$2,277 - $4,413Studio to 2 Bedroom Apartments Available Now
Brio
11130 NE 10th StBellevue, WA 98004
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$2,352 - $5,839
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$2,352 - $5,839
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Broadstone Savoie
35 112th Ave NEBellevue, WA 98004
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$2,375 - $3,7501 Bedroom Apartments Available Jul 3
Park 88
88 102nd Ave NEBellevue, WA 98004
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$2,444 - $7,266Studio to 2 Bedroom Apartments Available Now
Stokely
10961 NE 2nd PlBellevue, WA 98004
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$2,450 - $3,5501 to 2 Bedroom Apartments Available Aug 15
Heights at Meydenbauer
324 102nd Ave SEBellevue, WA 98004
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$2,460 - $4,651Studio to 2 Bedroom Apartments Available Now
Avalon Towers Bellevue
10349 NE 10th StBellevue, WA 98004
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$2,460 - $3,899Studio to 2 Bedroom Apartments Available Now
Avalon Bellevue
11000 NE 10th StBellevue, WA 98004
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$2,467 - $8,142
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$2,467 - $8,142
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Alley 111
11011 NE 9th StBellevue, WA 98004
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$2,510 - $4,780Studio to 2 Bedroom Apartments Available Now
Metro 112 Apartments
317 112th Ave NEBellevue, WA 98004
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $2,130 | $594 | $4,437 |
| Downtown Mercer Island 1 Bedroom Apartments | $2,919 | $634 | $8,900 |
| Downtown Mercer Island 2 Bedroom Apartments | $3,901 | $2,016 | $10,000+ |
| Downtown Mercer Island 3 Bedroom Apartments | $9,781 | $3,058 | $10,000+ |
| Downtown Mercer Island 4 Bedroom Apartments | $6,969 | $4,464 | $9,475 |
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 59 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 NOCO Apartments priced from $1,049. Pacific Inn Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Downtown Mercer Island apartments for rent in Seattle, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| NOCO Apartments | Studio F | Studio,1BA | $1,049 |
| Pacific Inn Apartments | Loft (Income Qualified/6 Month Lease) | Studio,1BA | $1,100 |
| Summerstone | East Studio + Juliette | Studio,1BA | $1,295 |
| Pax Futura | Large Studio | Studio,1BA | $1,350 |
| Symphony Apartments | Studio C | Studio,1BA | $1,595 |
| Le Chateau Apartments | 1 Bedroom | 1BR,1BA | $1,595 |
| Excalibur Apartment Homes | Studio | Studio,1BA | $1,660 |
| 425 Apartments | 1BR/1.0BA | 1BR,1BA | $1,749 |
| The Baxter | Studio A - Renovated | Studio,1BA | $1,895 |
Best Value Apartments for Rent in Downtown Mercer Island, WA
As of June 27, 2026 the best value apartment in the Downtown Mercer Island area is the $2.74 price per square foot 2 Bedroom 2 Bath Model at Park Plaza Apartments in the in the North Bellevue neighborhood starting from $3,700. The second greatest value Downtown Mercer Island apartment is the Two Bedroom Model at 12 Central Square starting at $2,857 with a $2.29 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. |
|---|---|---|---|
| Park Plaza Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $2.74 |
| 12 Central Square | Two Bedroom | 2BR,2BA | $2.29 |
| Park 433 | 2X1s | 2BR,1BA | $2.46 |
| Island Square | A1ND | 1BR,1BA | $3.52 |
| Le Chateau Apartments | 1 Bedroom | 1BR,1BA | $2.08 |
| Commodore | 1x1 D | 1BR,1BA | $2.61 |
| Mercer Tower | 1 Bed | 1 Bath | 1BR,1BA | $3.36 |
| Symphony Apartments | 1-Bed K | 1BR,1BA | $3.59 |
| Excalibur Apartment Homes | Studio | Studio ,1BA | $3.00 |
| 425 Apartments | 1BR/1.0BA | 1BR,1BA | $3.50 |
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 $1,895.
What is the price of a cheap apartment in Downtown Mercer Island?
The cheapest apartment in Downtown Mercer Island is Le Chateau Apartments which is listed at $1,595, while the average apartment in Downtown Mercer Island costs $6,976.
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 24 regular apartments in Downtown Mercer Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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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