2820 75th Pl SE
Mercer IslandWA98040
Cheap Homes for Rent in Downtown Mercer Island Neighborhood of Mercer Island, WA from $2,400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mercer Island area of Mercer Island.
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.
2945 76th Ave SE
Mercer IslandWA98040
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.
7800 SE 27th St
Mercer IslandWA98040
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Downtown Mercer Island, Mercer Island, WA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Mercer Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mercer Island 2 Bedroom Homes for Rent | $3,431 | $2,499 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Mercer Island Neighborhood of Mercer Island, WA.
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Best Value Apartments for Rent in Downtown Mercer Island, WA
As of June 26, 2026 the best value apartment in the Downtown Mercer Island area is the $3.21 price per square foot Penthouse Model at Shorewood in the in the Fortuna neighborhood starting from $4,440. The second greatest value Downtown 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 Downtown Mercer Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shorewood | Penthouse | 4BR,2BA | $3.21 |
| 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 |
| Excalibur Apartment Homes | Studio | Studio ,1BA | $3.02 |
| 425 Apartments | 1BR/1.0BA | 1BR,1BA | $3.50 |
Frequently Asked Questions about Downtown Mercer Island
What type of rentals are currently available in Downtown Mercer Island?
There are currently 76 Apartments for Rent in Downtown Mercer Island, WA with pricing that ranges from $594 to $27,770. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mercer Island ranging from $2,499 to $5,000.
What is the current price range for Rental Homes in Downtown Mercer Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Mercer Island ranges from $2,499 to $5,000 with an average monthly rent of $3,431.
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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