Cheap Homes for Rent in Mercer Island, WA from $500 (9 Rentals)

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

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Mercer Island, WA Local Guide

Cheapest Available Mercer Island Apartments for Rent

 

The cheapest available apartment rental in Mercer Island, WA is a 1 Bed unit found at Eden Apartments in the Dunlap neighborhood priced from $650. Ethiopian Village in the Dunlap neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,009. Here is today’s list of the most affordable Mercer Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eden Apartments1BR/1.0BA1BR,1BA$650
Ethiopian VillageStudioStudio,1BA$1,009
LAKE WASHINGTON APARTMENTS1x11BR,1BA$1,346

Best Value Apartments for Rent in Mercer Island, WA

As of July 24, 2025 the best value apartment in the Mercer Island area is the $2.27 price per square foot Two Bedroom, Two Bath Model at Park 433 in the in the Fortuna neighborhood starting from $2,950. The second greatest value Mercer Island apartment is the Unit Style 1 Model at Juniper Ridge Apartments starting at $2,650 with a $2.49 price per square foot in the Fortuna 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.
Park 433Two Bedroom, Two Bath2BR,2BA$2.27
Juniper Ridge ApartmentsUnit Style 12BR,2BA$2.49
ShorewoodSan Juan w/ Den-Restored2BR,1BA$3.08
Cross Creek Apartments2BR/2.0BA2BR,2BA$2.63
Via Apartments2BR/1.0BA2BR,1BA$2.72
Mar Vista Apartmentsone bed1BR,1BA$2.00
Emerald Ridge1 Bed 1 Bath1BR,1BA$2.78
2000 Lake Washington ApartmentsOne Bed One Bath1BR,1BA$2.92
Ethiopian VillageStudioStudio ,1BA$2.83
Eden Apartments1BR/1.0BA1BR,1BA$1.95

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Frequently Asked Questions about Mercer Island

What type of rentals are currently available in Mercer Island?

There are currently 175 Apartments for Rent in Mercer Island, WA with pricing that ranges from $1,009 to $15,713. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mercer Island ranging from $525 to $16,000.

What is the current price range for Rental Homes in Mercer Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mercer Island ranges from $525 to $16,000 with an average monthly rent of $6,382.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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