2820 75th Pl SE
Mercer IslandWA98040
Cheap Homes for Rent in Outer Mercer Island Neighborhood of Mercer Island, WA from $2,400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Outer 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.
8430 SE 47th Pl
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.
Unit
8835 SE 36th St
Mercer IslandWA98040
Showing Results 1-3, Page 1 of 1
Outer Mercer Island, Mercer Island, WA Local Guide
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How much does it cost to rent a home in Outer Mercer Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Outer Mercer Island 2 Bedroom Homes for Rent | $3,349 | $2,499 | $4,200 |
| Outer Mercer Island 4 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
| Outer Mercer Island 5 Bedroom Homes for Rent | $5,999 | $5,999 | $5,999 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Outer Mercer Island Neighborhood of Mercer Island, WA.
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Outer Mercer Island, Mercer Island, WA Local Guide
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Best Value Apartments for Rent in Outer Mercer Island, WA
As of June 16, 2026 the best value apartment in the Outer 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 Outer Mercer Island apartment is the The Henry Model at 77 Central starting at $3,454 with a $3.98 price per square foot in the Fortuna neighborhood. Here is today’s list of the best values for Outer 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 |
| 77 Central | The Henry | 1BR,1BA | $3.98 |
| 8360 Wabash Ave S, Unit B | 8360 Wabash Ave S | 2BR,1BA | $2.35 |
| The Hadley | B | Studio ,1BA | $3.76 |
| Mercer Tower | 1 Bed | 1 Bath | 1BR,1BA | $3.36 |
| Island Square | E1K2 | Studio ,1BA | $3.69 |
| Lunara | Studio, 1 Bath S2 | Studio ,1BA | $4.72 |
| The Mercer Apartment Homes | Clise | Studio ,1BA | $4.71 |
| Ethiopian Village | Studio | Studio ,1BA | $2.83 |
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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Real 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
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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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Pet Friendly LifestyleOuter Mercer Island, Mercer Island, WA
Ranked #6
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Outer Mercer Island, Mercer Island, WA
Mercer Island High School
Mercer Island School District
Public School - Grades 9-12 (1524)
10 out of 10
School data provided by Great Schools
Frequently Asked Questions about Outer Mercer Island
What type of rentals are currently available in Outer Mercer Island?
There are currently 43 Apartments for Rent in Outer Mercer Island, WA with pricing that ranges from $1,009 to $4,667. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Outer Mercer Island ranging from $2,499 to $5,999.
What is the current price range for Rental Homes in Outer Mercer Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Outer Mercer Island ranges from $2,499 to $5,999 with an average monthly rent of $4,782.
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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The 10 Best Affordable Neighborhoods in Seattle, WA
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Articles, How-To's, and Tips
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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.
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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.
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.