4605 123rd Ave SE
BellevueWA98006
Cheap Homes for Rent near Mercer Island, WA from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Mercer Island.
5915 S Cooper St, Unit Master BR BA
5915 S Cooper St
SeattleWA98118
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$1,3001 Bedroom Apartments Available Now
9215 56th Ave S, Unit 2
9215 56th Ave SSeattle, WA 98118
7041 S 116th Pl
SeattleWA98178
8316 49th Ave S
SeattleWA98118
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$1,9502 Bedroom Apartments Available Now
8711 S 114th St, Unit 1A
8711 S 114th StSeattle, WA 98178
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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$1,9502 Bedroom Apartments Available Now
8711 S 114th St, Unit 4
8711 S 114th StSeattle, WA 98178
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$1,9502 Bedroom Apartments Available Now
8711 S 114th St, Unit 4A
8711 S 114th StSeattle, WA 98178
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$2,060
Total Monthly Price
Studio Apartments Available Aug 8Total Monthly Price
Base Rent
$2,060
Total Monthly Price
$2,060
10333 Main St, Unit SI FL3-ID833
10333 Main StBellevue, WA 98004
9030 Seward Park Ave S, Unit 411
9030 Seward Park Ave S
SeattleWA98118
9272 56th Ave S
SeattleWA98118
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$2,240
Total Monthly Price
Studio Apartments Available Aug 15Total Monthly Price
Base Rent
$2,240
Total Monthly Price
$2,240
10333 Main St, Unit SI FL5-ID620
10333 Main StBellevue, 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.
12511 SE 41st Pl
BellevueWA98006
Showing Results 1-13, Page 1 of 1
Mercer Island, WA Local Guide
How much does it cost to rent a home in Mercer Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mercer Island 2 Bedroom Homes for Rent | $3,036 | $1,598 | $5,995 |
| Mercer Island 3 Bedroom Homes for Rent | $4,753 | $2,949 | $8,995 |
| Mercer Island 4 Bedroom Homes for Rent | $5,130 | $800 | $7,500 |
| Mercer Island 5 Bedroom Homes for Rent | $5,839 | $3,995 | $8,250 |
| Mercer Island 6 Bedroom Homes for Rent | $6,997 | $6,495 | $7,500 |
| Mercer Island 7 Bedroom Homes for Rent | $8,675 | $8,675 | $8,675 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Mercer Island
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Mercer Island, WA Local Guide
- Mercer Island Neighborhoods
- Nearby Cities
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Cheapest Available Mercer Island Apartments for Rent and Nearby
The cheapest available apartment rental in Mercer Island, WA is a Studio unit found at Flourish on Rainier in the Dunlap neighborhood priced from $1,205. Polaris at Rainier Beach in the Dunlap neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,299. Here is today’s list of the most affordable Mercer Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flourish on Rainier | Studio 50 Percent AMI | Studio,1BA | $1,205 |
| Polaris at Rainier Beach | S1 | Studio,1BA | $1,299 |
| Lake Washington Apartments | 2x1 | 2BR,1BA | $1,682 |
| 425 Apartments | 1BR/1.0BA | 1BR,1BA | $1,749 |
| Emerald Ridge | Plan 1B | 1BR,1BA | $1,757 |
Best Value Apartments for Rent in Mercer Island, WA and Nearby
As of July 12, 2026 the best value apartment in the Mercer Island area is the $2.56 price per square foot Genoa Townhome - Standard Model at Bella Vista in the in the Kennydale neighborhood starting from $4,370. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bella Vista | Genoa Townhome - Standard | 3BR,3BA | $2.56 |
| Park Plaza Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $2.74 |
| 5306 S Fletcher St, Unit Davies Apartment | 5306 S Fletcher St | 1BR,1BA | $1.96 |
| Park 433 | 2X1R | 2BR,1BA | $2.36 |
| Cross Creek Apartments | 2BR/2.0BA | 2BR,2BA | $2.17 |
| Mercer Tower | 1 Bed | 1 Bath | 1BR,1BA | $3.36 |
| Emerald Ridge | Plan 1A | 1BR,1BA | $2.73 |
| 2000 Lake Washington Apartments | One Bed One Bath | 1BR,1BA | $2.98 |
| Commodore | 1x1, Small | 1BR,1BA | $2.89 |
| Polaris at Rainier Beach | S1 | Studio ,1BA | $3.10 |
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.
Read ArticlePicking 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
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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Best Local Schools in Mercer Island, WA
Northwood Elementary School
Mercer Island School District
Public School - Grades PK-5 (404)
10 out of 10
Mercer Island High School
Mercer Island School District
Public School - Grades 9-12 (1432)
10 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mercer Island, WA Rentals by Map
See the most popular apartments and homes in Mercer Island, WA
Frequently Asked Questions about Mercer Island
What type of rentals are currently available in Mercer Island?
There are currently 185 Apartments for Rent in Mercer Island, WA with pricing that ranges from $1,195 to $15,713. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mercer Island ranging from $800 to $8,995.
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 $800 to $8,995 with an average monthly rent of $5,201.
How much are larger Three and Four Bedroom Rentals in Mercer Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mercer Island range from $2,331 to $15,713, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,949 to $8,995. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $4,390.
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.
Helpful Local Expert Guides
The 10 Best Affordable Neighborhoods in Seattle, WA
Written by: Sharon Stallings
I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.
Picking the Perfect Seattle Neighborhood for College Life
Written by: Sharon Stallings
I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. Whether you're new to Seattle or grew up here, the neighborhood where you live makes a huge difference while attending college.
Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe
Written by: Sharon Stallings
I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. We're blessed to live in Seattle, affectionately known as the Emerald City.
The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle
Written by: Sharon Stallings
I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. I've lived here for 30+ years and have watched the city grow while holding onto what makes it unique.
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.