
Cheap Apartments for Rent in the 98040 ZIP Code of Mercer Island, WA from $300 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the 98040 ZIP Code area of Mercer Island.


9215 56th Ave S, Unit 2

La Fountaine Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Village Gardens Apartments

Willowbrook Apartments

Colony Surf
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.
Mercer Island, WA Local Guide

How much does it cost to rent an apartment in 98040?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 98040 Studio Apartments | $2,391 | $1,299 | $5,152 |
| 98040 1 Bedroom Apartments | $2,746 | $1,350 | $7,262 |
| 98040 2 Bedroom Apartments | $3,675 | $1,682 | $9,685 |
| 98040 3 Bedroom Apartments | $3,649 | $2,331 | $15,713 |
| 98040 4 Bedroom Apartments | $6,063 | $4,281 | $9,946 |
Browse Apartments in the 98040 Zip Code of Mercer Island
Explore Mercer Island

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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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.