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Cheap Homes for Rent in Mercer Island, WA from $1,900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Mercer Island.
5021 Ripley Ln N
RentonWA98056
2939 76th Ave SE
Mercer IslandWA98040
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7414 Rainier Ave S
SeattleWA98118
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.
10129 Main St
BellevueWA98004
12601 SE 30th St
BellevueWA98005
12601 SE 30th St
BellevueWA98005
12210 SE 60th St
BellevueWA98006
9803 Rainier Ave S
SeattleWA98118
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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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 | $3,166 | $1,900 | $4,900 |
| Mercer Island 3 Bedroom Homes for Rent | $5,507 | $2,499 | $10,000+ |
| Mercer Island 4 Bedroom Homes for Rent | $6,209 | $3,390 | $10,000+ |
| Mercer Island 5 Bedroom Homes for Rent | $4,665 | $3,495 | $6,000 |
Browse Top Homes for Rent in Mercer Island
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Mercer Island, WA Local Guide
- Mercer Island Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $720. Polaris at Rainier Beach in the Dunlap neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,240. Here is today’s list of the most affordable Mercer Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eden Apartments | 1BR/1.0BA | 1BR,1BA | $720 |
| Polaris at Rainier Beach | S1 | Studio,1BA | $1,240 |
| Admirals Apartments | 1BR/1.0BA | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Mercer Island, WA
As of December 16, 2025 the best value apartment in the Mercer Island area is the $2.43 price per square foot Genoa Model at Bella Vista in the in the Kennydale neighborhood starting from $4,148. The second greatest value Mercer Island apartment is the 2x2 b Model at Lakeview at Newcastle starting at $2,284 with a $2.18 price per square foot in the Kennydale 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 | 3BR,3BA | $2.43 |
| Lakeview at Newcastle | 2x2 b | 2BR,2BA | $2.18 |
| Park 433 | 2x1PR | 2BR,1BA | $2.50 |
| 7146 S Sunnycrest Rd, Unit Lakeridge | 7146 S Sunnycrest Rd | Studio ,1BA | $2.42 |
| Commodore | 1x1 A | 1BR,1BA | $2.34 |
| Emerald Ridge | Plan 1A | 1BR,1BA | $2.48 |
| Admirals Apartments | 1BR/1.0BA | 1BR,1BA | $1.99 |
| 2000 Lake Washington Apartments | One Bed One Bath | 1BR,1BA | $2.75 |
| Parc 3 | 1 Bed 1 Bath | 1BR,1BA | $2.83 |
| Eden Apartments | 1BR/1.0BA | 1BR,1BA | $2.42 |
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.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleMercer Island, WA
Ranked #59
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 (1524)
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 181 Apartments for Rent in Mercer Island, WA with pricing that ranges from $1,240 to $24,646. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mercer Island ranging from $1,900 to $27,500.
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 $1,900 to $27,500 with an average monthly rent of $4,308.
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 $2,499 to $27,500. Four Bedroom Single-Family rentals are also available starting from $3,390 and Four Bedroom Apartments start at $10,000.
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.
Articles, How-To's, and Tips
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.