Rentometer, Inc. | Data as of 10/22/2025
Mercer Island, a vibrant city nestled in the heart of Washington’s Puget Sound, offers a blend of suburban charm and easy access to Seattle’s urban core. Known for its scenic waterfront parks, top‑rated schools, and a thriving local dining scene, the island attracts professionals, families, and retirees alike. Its well‑maintained streets, tree‑lined neighborhoods, and convenient ferry connections make it a desirable place to call home while enjoying the tranquility of island living.
The rental market on Mercer Island reflects the area’s high quality of life, featuring a balanced mix of modern apartments and spacious single‑family homes. Studio apartments typically sit in the $2000 range, while one‑bedroom units are commonly priced in the $2300–$2500 bracket. Two‑bedroom apartments often command rates in the $3400 range, providing ample space for small families or roommates. For those seeking a house, two‑bedroom homes generally fall around the $4900–$5000 level, three‑bedroom properties hover near $5100–$5200, and larger four‑plus‑bedroom homes command premium rates in the $6900–$7000 spectrum. These figures illustrate a robust market that caters to a variety of housing preferences, from sleek urban lofts to expansive family residences.
Beyond the walls of each rental, residents enjoy proximity to the island’s extensive trail system, boutique shopping districts, and cultural attractions such as the Mercer Island Community Center. Easy commutes to Seattle’s tech corridors, combined with a tight‑knit community atmosphere, make Mercer Island rentals an appealing choice for those prioritizing both convenience and a high‑standard, waterfront lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,065 | $2,045 | $1,696 - $2,659 | $1,937 - $2,180 |
| Apartment | 1 Bedroom | $2,386 | $2,405 | $1,498 - $3,269 | $2,087 - $2,683 |
| Apartment | 2 Bedroom | $3,415 | $3,400 | $2,156 - $6,775 | $3,000 - $3,701 |
| House | 2 Bedroom | $4,937 | $4,500 | $3,800 - $6,950 | $4,500 - $6,950 |
| House | 3 Bedroom | $5,194 | $5,000 | $3,350 - $8,000 | $4,400 - $5,950 |
| House | 4+ Bedroom | $6,914 | $6,950 | $3,500 - $13,750 | $5,500 - $7,995 |
In the current period, the average rent in Mercer Island was $2,065 for Studio, $2,375 for 1 Bedroom, $3,572 for 2 Bedroom, $5,032 for 3 Bedroom, and $6,567 for 4+ Bedroom.
Data provided by Rentometer, Inc.